Retail Center with Drive-Through
New
For Sale
Contact for pricing
6413 N North Ware Road, McAllen, TX 78504
Planned multi-building center offers retail, medical, and service spaces, with access from Ware Road, Lark Avenue, and Nightingale.
Property Size11,700 SF
Price / SF$0.00
Days on Market1
Property Features for 6413 N North Ware Road
General Information
Standard status
Active
Size
11,700 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Traffic Count
22,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2026
Buildings
3
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:42AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
A planned retail center totaling more than 3 acres will include two 11,700-square-foot retail buildings and a 2,100-square-foot quick-service restaurant pad. Available spaces range from approximately 1,500 to 11,700 square feet, with drive-through options. The project is being marketed for pre-leasing, and development is planned in three phases.
The site is at the corner of Ware Road, Lark Avenue, and Nightingale, with access from all three streets. The property information reports traffic of 22,000 cars per day and notes nearby rooftops and schools. City approval has been obtained and construction plans are complete.
The site is at the corner of Ware Road, Lark Avenue, and Nightingale, with access from all three streets. The property information reports traffic of 22,000 cars per day and notes nearby rooftops and schools. City approval has been obtained and construction plans are complete.
Key Highlights
- More than 3 acres planned for a multi‑building retail development
- Two retail buildings of 11,700 square feet each
- 2,100‑square‑foot quick‑service restaurant pad with drive‑through readiness
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,997
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,339,940
$3.3M
Cap Rate 7%
$2,385,671
$2.4M
Cap Rate 9%
$1,855,522
$1.9M
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$252.7K $21.60/SF
− Vacancy
−$14.2K −$1.21/SF
EGI
$238.6K $20.39/SF
− OpEx
−$71.6K −$6.12/SF
NOI
$167.0K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,339,940
Cap Rate 7%
$2,385,671
Cap Rate 9%
$1,855,522
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.78M
NOI $166,997 @ 7.0% cap · market cap 695,820.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,394 @ 7.0% cap · market cap 926,641.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Planned multi-building center offers retail, medical, and service spaces, with access from Ware Road, Lark Avenue, and Nightingale.
Where is this shopping center located?
The property is located at 6413 N North Ware Road McAllen, TX.
What are key features of this property?
This property features: More than 3 acres planned for a multi‑building retail development; Two retail buildings of 11,700 square feet each; 2,100‑square‑foot quick‑service restaurant pad with drive‑through readiness
