Retail Suite in Shopping
New
For Sale
Contact for pricing
7001 N 10th Street, McAllen, TX 78504
A 2004-built ground-floor space is positioned in the center’s south building.
Property Size955 SF
Price / SF$2.45
Days on Market2
Property Features for 7001 N 10th Street
General Information
Standard status
Active
Size
955 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Building Details
Year Built
2004
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:41AM
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 955-square-foot retail suite occupies the first floor of the south building at Trenton Palms Shopping Center. The property was built in 2004.
The center is located at 7001 N 10th Street in McAllen, Texas. The suite is situated behind James Avery within the shopping center.
The center is located at 7001 N 10th Street in McAllen, Texas. The suite is situated behind James Avery within the shopping center.
Key Highlights
- 955 SF of retail space
- Located on the first floor of the south building
- Within Trenton Palms Shopping Center, behind James Avery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,631
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,620
$272.6K
Cap Rate 7%
$194,729
$194.7K
Cap Rate 9%
$151,456
$151.5K
Market Conditions
NOI Build-Up for 955 SF
Gross rent
$20.6K $21.60/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$19.5K $20.39/SF
− OpEx
−$5.8K −$6.12/SF
NOI
$13.6K $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%
$272,620
Cap Rate 7%
$194,729
Cap Rate 9%
$151,456
Alternative Uses
Best Use
Retail
$194.7K
$170.4K – $227.2K
NOI $13,631 @ 7.0% cap · market cap 581.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.3K
$226.9K – $302.6K
NOI $18,153 @ 7.0% cap · market cap 774.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
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
Check the figures for this property
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 - A 2004-built ground-floor space is positioned in the center’s south building.
Where is this retail space located?
The property is located at 7001 N 10th Street McAllen, TX.
What are key features of this property?
This property features: 955 SF of retail space; Located on the first floor of the south building; Within Trenton Palms Shopping Center, behind James Avery
