High-Traffic Retail Space
For Sale
$2,300,000
6424 N 10th Street, McAllen, TX 78504
Free-standing 6,791 SF commercial building in high-traffic area.
Property Size6,791 SF
Lot Size0.88 Acres
Price / SF$338.68
Days on Market152
Property Features for 6424 N 10th Street
General Information
Standard status
Active
Size
6,791 SF
Lot size
0.88 Acres
Property subtype
Retail
Building Details
Year Built
2005
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
(956) 451-2983
Listed By:
Daniel Galvan · License #561680
(956) 451-2983
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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
Investment Insights
Based on property information with market context.
This free-standing building provides 6,791 square feet of commercial space. The property is located in a high-traffic area on 10th Street, offering visibility and accessibility. Situated in a central hub for dining, shopping, and entertainment, the property is near major national retailers such as Target, Sam's Club, and Best Buy. The property is positioned on a 0.88 acre lot.
Key Highlights
- High‑traffic location on 10th Street with excellent visibility and easy access.
- Spacious 6,791 SF of prime commercial space.
- Positioned in a central hub for dining, shopping, and entertainment.
Financial Insights For Retail
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 | $146.7k | $21.60 |
| − Vacancy | −$8.2k | −$1.21 |
| EGI | $138.5k | $20.39 |
| − OpEx | −$41.5k | −$6.12 |
| NOI | $96.9k | $14.27 |
6,791 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Free-standing 6,791 SF commercial building in high-traffic area.
Where is this retail space located?
The property is located at 6424 N 10th Street 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: High‑traffic location on 10th Street with excellent visibility and easy access.; Spacious 6,791 SF of prime commercial space.; Positioned in a central hub for dining, shopping, and entertainment.
