Professional Office
New
For Sale
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6521 N 10th Street, McAllen, TX 78504
Office space is available in McAllen’s Nightingale Professional Office Plaza, built for professional business use.
Property Size5,259 SF
Price / SF$2.07
Days on Market1
Property Features for 6521 N 10th Street
General Information
Standard status
Active
Size
5,259 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1998
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:45AM
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.
Nightingale Professional Office Plaza offers 5,259 square feet of office space in McAllen. The building was constructed in 1998 and is identified as an office property.
The property is located on North 10th Street in McAllen. The source describes the street as a busy thoroughfare, providing a setting along an established local route.
The property is located on North 10th Street in McAllen. The source describes the street as a busy thoroughfare, providing a setting along an established local route.
Key Highlights
- 5,259 SF available
- Built in 1998
- Located on North 10th Street in McAllen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,100
$1.4M
Cap Rate 7%
$1,005,786
$1.0M
Cap Rate 9%
$782,278
$782.3K
Market Conditions
NOI Build-Up for 5,259 SF
Gross rent
$110.4K $21.00/SF
− Vacancy
−$16.6K −$3.15/SF
EGI
$93.9K $17.85/SF
− OpEx
−$23.5K −$4.46/SF
NOI
$70.4K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,100
Cap Rate 7%
$1,005,786
Cap Rate 9%
$782,278
Alternative Uses
Best Use
Office B
$1.01M
$880.1K – $1.17M
NOI $70,405 @ 7.0% cap · market cap 646.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,963 @ 7.0% cap · market cap 918.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space is available in McAllen’s Nightingale Professional Office Plaza, built for professional business use.
Where is this office unit located?
The property is located at 6521 N 10th Street McAllen, TX.
What are key features of this property?
This property features: 5,259 SF available; Built in 1998; Located on North 10th Street in McAllen
