Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6400 N Ware Road McAllen, TX 78504

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    6.5-acre commercial site for ground lease or build-to-suit.

    Type:Land, Retail
    Lot size:
    6.50 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 16 at 11:44 am

    Property Features for 6400 N Ware Road

    General Information

    Standard status
    Active
    Lot size
    6.50 Acres
    Property subtype
    Land, Retail

    Building Details

    Year Built
    2027

    Spaces For Lease

    at 6400 N Ware Road Contact us

    $24 /Mo

    Size
    5,100 SF
    Type
    Land, Retail
    Contact us

    We can help!

    Listing Contact
    Rene Gonzalez

    Listing agent Rene Gonzalez License #501986

    Listing office Coldwell Banker Commercial Rio Grande Valley

    Listing date Mar 6, 2026

    Source Crexi

    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 Coldwell Banker Commercial Rio Grande Valley

    Overview

    Prime Commercial Development Site

    This commercial development site offers approximately 6.5 acres and is located at 6400 North Ware Road, directly across from the upcoming Ware District retail plaza. Representing Phase 2 of the Ware District development, it provides an opportunity for tenants and developers to establish a presence in a growing commercial corridor. Zoned C-3 (General Commercial), the site is available for ground lease or build-to-suit, accommodating various commercial uses. It is suitable for QSR concepts, retail, flex space, office, medical, or service-oriented businesses seeking visibility and accessibility. The property is surrounded by residential neighborhoods and new commercial activity, benefiting from the expansion of the Ware Road corridor. Ownership is open to various development concepts and lease structures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.250732
    Latitude
    26.264567

    Nearby Similar for Lease

    • Contact for pricing

      Prime Location in McAllen Entertainment

      High-traffic location ideal for bars, lounges, or nightlife concepts.
      202 S 17th Street, McAllen, TX 78501
      View Details
    • Contact for pricing

      Retail Space in Trenton Palms

      Retail space in a high-traffic shopping center.
      7001 N 10th Street unit: D, McAllen, TX 78504
      View Details
    • Contact for pricing

      McAllen Industrial Flex Space

      Industrial flex space with office and warehouse functionality for rent.
      3235 N 38th Street, McAllen, TX 78501
      View Details
    • Contact for pricing

      Retail Space in Trenton Palms

      Upscale retail space in high-traffic McAllen shopping center.
      7001 N 10th Street unit: F-1, McAllen, TX 78504
      View Details
    • Contact for pricing

      Retail/Office Space on N 23rd

      200 sq ft retail/office space with utilities included.
      1500 N 23rd Street unit: 120, McAllen, TX 78501
      View Details
    • Contact for pricing

      Retail/Office Space on N 23rd

      200 sq ft retail/office space with utilities included.
      1500 N 23rd Street unit: 110, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Commercial Building For Rent

      Free-standing commercial building on hard corner in McAllen, Texas.
      3620 Buddy Owens, McAllen, TX 78504
      View Details
    • Contact for pricing

      Premier Plaza Retail Space Available

      Prime commercial unit in McAllen's prestigious Premier Plaza.
      101 W US Highway 83 unit: 190, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Retail Space For Rent

      Prime retail location in McAllen's Trenton Palms Shopping center.
      7017 N 10th Street unit: O-2, McAllen, TX 78504
      View Details
    • $18/mo

      McAllen Retail Space Available

      3,000 SF retail space in a multi-tenant commercial building.
      201 S 10th Street unit: B, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Retail/Office Space Available

      Prime location in North McAllen with high traffic.
      3401 Auburn Avenue unit: E, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Office Space For Lease

      Move-in ready office space in prime McAllen location.
      1200 E Ridge Road unit: 1, McAllen, TX 78503
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.5-acre commercial site for ground lease or build-to-suit.
    Where is this commercial land located?
    The property is located at 6400 N Ware Road McAllen, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Prime ±6.5‑acre commercial development site in a rapidly growing commercial corridor.; Located directly across from the upcoming Ware District retail plaza (Phase 2 of development).; Zoned C‑3 (General Commercial) offering flexibility for various commercial uses.
    We can help!
    Listing Contact
    Rene Gonzalez
    Real Estate License ID: 501986
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!