Mixed-Use Commercial
615 617 609 W Us Highway 83 McAllen, TX 78501
For Sale
$3,000,000
For sale bundle includes three income-producing buildings with mixed-use zoning along US Highway 83 in McAllen.
Property Size23,862 SF
Price / SF$125.72
Days on Market233
Property Features for 615 617 609 W Us Highway 83
General Information
- Standard status
- Active
- Size
- 23,862 SF
Listing Agency:
Jade Real Estate LLC
(956) 534-7917
Listed By:
Jose Alberto Lopez lll
(956) 638-9816
Source:
Exprealty
Added: Dec 2, 2025
Changed: Jul 20
Last Checked: Jul 23 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jade Real Estate LLC
Investment Insights
Based on property information with market context.
This for-sale commercial bundle includes three income-producing buildings, offered together as a single portfolio. The properties are zoned for mixed use and provide versatile space options for retail, office, or warehouse operations, depending on the needs of the incoming owner or tenants.
The buildings are located at 615, 617, and 609 W US Highway 83 in McAllen, Texas, positioned along US Highway 83 as described in the remarks. The seller notes the location provides visibility, and the offering includes owner financing availability; call for terms.
The combination of multiple buildings and mixed-use zoning makes this package suitable for buyers looking for a multi-asset investment or a self-use strategy using more than one structure.
The buildings are located at 615, 617, and 609 W US Highway 83 in McAllen, Texas, positioned along US Highway 83 as described in the remarks. The seller notes the location provides visibility, and the offering includes owner financing availability; call for terms.
The combination of multiple buildings and mixed-use zoning makes this package suitable for buyers looking for a multi-asset investment or a self-use strategy using more than one structure.
Key Highlights
- Commercial bundle includes three income‑producing buildings in McAllen
- All three buildings are located along high‑traffic US Highway 83
- Zoned for mixed use, allowing versatility for retail, office, or warehouse operations
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.8k | $9.00 |
| − Vacancy | −$7.7k | −$0.32 |
| EGI | $207.0k | $8.68 |
| − OpEx | −$31.1k | −$1.30 |
| NOI | $176.0k | $7.37 |
23,862 SF · lease $9.00/SF/yr · vacancy 3.60% · expense 15.00%
Alternative Uses
Best Use
Retail
$4.87M
$4.26M – $5.68M
NOI $340,589 @ 7.0% cap · market cap 11.35%
Second Best
Mixed Use
$4.14M
$3.62M – $4.83M
NOI $289,923 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,569 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - For sale bundle includes three income-producing buildings with mixed-use zoning along US Highway 83 in McAllen.
Where is this mixed-use property located?
The property is located at 615 617 609 W Us Highway 83 McAllen, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Commercial bundle includes three income‑producing buildings in McAllen; All three buildings are located along high‑traffic US Highway 83; Zoned for mixed use, allowing versatility for retail, office, or warehouse operations
