Adaptable Storefront
New
For Sale
Contact for pricing
6700 N 23rd Street, McAllen, TX 78504
An open interior can accommodate retail, professional office, or creative workspace use.
Property Size1,200 SF
Price / SF$1.00
Days on Market2
Property Features for 6700 N 23rd Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
building/monument signage opportunities
Building Details
Year Built
2001
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:04PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront property was built in 2001 and has an open interior. The layout is described for retail, professional office, or creative workspace use. Building and monument signage opportunities are available, and paved parking serves the property.
The address is 6700 N 23rd Street in McAllen, with access to 10th Street, Nolana Avenue, and I-2/Expressway 83.
The address is 6700 N 23rd Street in McAllen, with access to 10th Street, Nolana Avenue, and I-2/Expressway 83.
Key Highlights
- 1,200 square feet of storefront space
- Open interior suited to retail, office, or creative workspace use
- Building and monument signage opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,128
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,560
$342.6K
Cap Rate 7%
$244,686
$244.7K
Cap Rate 9%
$190,311
$190.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$24.5K $20.39/SF
− OpEx
−$7.3K −$6.12/SF
NOI
$17.1K $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%
$342,560
Cap Rate 7%
$244,686
Cap Rate 9%
$190,311
Alternative Uses
Best Use
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 1,427.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 1,900.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 37%
Electronics 11%
Valero Energy
Shops & Services
8,933 visits/mo
0.1 miles
Burger King
Dining
6,444 visits/mo
0.2 miles
Cricket Wireless Authorized Retailer
Electronics
1,964 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - An open interior can accommodate retail, professional office, or creative workspace use.
Where is this storefront property located?
The property is located at 6700 N 23rd Street McAllen, TX.
What are key features of this property?
This property features: 1,200 square feet of storefront space; Open interior suited to retail, office, or creative workspace use; Building and monument signage opportunities
