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    6500 N 10Th St McAllen, TX 78504

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    For Sale
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    Recently updated, fully leased retail center in McAllen, Texas.

    Property size:
    41,041 SF
    Lot size:
    2.77 Acres

    Property Features for 6500 N 10Th St

    General Information

    Standard status
    Active
    Size
    41,041 SF
    Lot size
    2.77 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Micha Van Marcke, Ccim
    Micha Van Marcke, Ccim
    Source: Crexi

    Listing Agency: Edge Realty Partners - Houston Listing Agent: Micha Van Marcke, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    McAllen Retail Center for Sale

    The Colonnade of McAllen is a 41,041 square foot neighborhood retail center located in McAllen, Texas. The property has been recently updated and is fully leased. It features a diverse mix of service-based, daily needs national, regional, and local tenants. The property is positioned to serve both the immediate trade area and a broad secondary market extending beyond a five-mile radius. The property is situated at the hard corner of the signalized intersection of N. 10th Street and Martin Avenue, benefiting from visibility and access to nearly 33,000 cars per day. The 10th and Trenton retail hub draws more than 19.5 million annual visits, creating cross-traffic opportunities. The McAllen trade area serves as the primary retail, medical, educational, and cultural hub of the Rio Grande Valley, attracting shoppers and visitors from across South Texas and northern Mexico. McAllen consistently ranks among the most active retail markets in Texas and benefits from household incomes, a well-educated workforce, and major regional employers in healthcare, education, and logistics.
    Location Intelligence

    Current Use by Public Records

    Invoice Factoring McAllen ... Business Administration Service Well Groomed Pets ... Pet Grooming Service Edward Jones - Financial ... Financial Advisor CADTax Tax Preparation Shine Learning Center Tutoring Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    Broadway North Shopping Center, Coinstar Kiosk - Bitcoin ATM, Trenton View, ANGEL agency, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.219286
    Latitude
    26.261368

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    FAQs

    What type of property is this?
    Shopping center - Recently updated, fully leased retail center in McAllen, Texas.
    Where is this shopping center located?
    The property is located at 6500 N 10Th St McAllen, TX.
    What are key features of this property?
    This property features: - Fully leased retail center providing immediate income.; - Located at a **high-traffic intersection with excellent visibility** (33,000 cars per day).; - Positioned in McAllen, a dynamic and fast-growing market in Texas.
    Request Owner's contact information
    6500 N 10Th St McAllen, TX 78504
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    McAllen, TX 78504
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    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
    6500 N 10Th St McAllen, TX 78504
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    We can help!
    Listing Contact
    Micha Van Marcke, Ccim
    Micha Van Marcke, Ccim
    Real Estate License ID: 588047
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