Retail Space with Central
For Sale
Contact for pricing
6424 N 10th St, McAllen, TX 78504
Retail building features central electric A/C and tile flooring, with concrete block exterior and a cement tile roof.
Property Size6,791 SF
Price / SF$338.68
Days on Market230
Property Features for 6424 N 10th St
General Information
Standard status
Active
Size
6,791 SF
Property subtype
RETAIL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Construction
Concrete Block
Listing Agency:
Coldwell Banker Commercial | Rio Grande Valley
(956) 504-2727
Listed By:
Daniel Galvan · License #582851
(956) 451-2983
Source:
Moodyscre
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 24 at 8:37PM
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
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Investment Insights
Based on property information with market context.
This retail space is approximately 6–10 years old and features a concrete block exterior with a cement tile roof. Interior finishes include tile flooring, and the building is served by central A/C (electric). The property also includes city-provided utilities, with city water and city sewer.
The building fronts a city/town street and has exterior sidewalk frontage, providing a direct pedestrian connection from the street.
With a maximum contiguous area of 6,791 square feet, the space is sized for tenants seeking a substantial, contiguous retail layout within an established, relatively recent construction profile.
The building fronts a city/town street and has exterior sidewalk frontage, providing a direct pedestrian connection from the street.
With a maximum contiguous area of 6,791 square feet, the space is sized for tenants seeking a substantial, contiguous retail layout within an established, relatively recent construction profile.
Key Highlights
- Retail building with central A/C (electric) and tile flooring
- Concrete block exterior with cement tile roof
- City sewer and city water services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,930
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,938,600
$1.9M
Cap Rate 7%
$1,384,714
$1.4M
Cap Rate 9%
$1,077,000
$1.1M
Market Conditions
NOI Build-Up for 6,791 SF
Gross rent
$146.7K $21.60/SF
− Vacancy
−$8.2K −$1.21/SF
EGI
$138.5K $20.39/SF
− OpEx
−$41.5K −$6.12/SF
NOI
$96.9K $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%
$1,938,600
Cap Rate 7%
$1,384,714
Cap Rate 9%
$1,077,000
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.62M
NOI $96,930 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,083 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
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?
Retail space - Retail building features central electric A/C and tile flooring, with concrete block exterior and a cement tile roof.
Where is this retail space located?
The property is located at 6424 N 10th St McAllen, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Retail building with central A/C (electric) and tile flooring; Concrete block exterior with cement tile roof; City sewer and city water services
