Restaurant Suite with
New
For Sale
Contact for pricing
7017 N 10th Street, McAllen, TX 78504
Two kitchens, private dining, and existing kitchen equipment support restaurant operations.
Property Size5,385 SF
Price / SF$2.79
Days on Market2
Property Features for 7017 N 10th Street
General Information
Standard status
Active
Size
5,385 SF
Property subtype
Commercial
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 1:42AM
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.
The restaurant suite was built in 2004 and includes two kitchens, a private dining area, a large bar, and existing kitchen equipment. A rear entrance provides an additional point of access. The neighboring suite is to be combined with this space under a new lease.
The property is in Trenton Palms Shopping Center in north McAllen, at North 10th Street and Trenton. Starbucks and Pet Doctor 911 are nearby.
The property is in Trenton Palms Shopping Center in north McAllen, at North 10th Street and Trenton. Starbucks and Pet Doctor 911 are nearby.
Key Highlights
- Two kitchens, a private dining area, and a large bar
- Existing kitchen equipment included
- Rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,352
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,040
$1.6M
Cap Rate 7%
$1,176,457
$1.2M
Cap Rate 9%
$915,022
$915.0K
Market Conditions
NOI Build-Up for 5,385 SF
Gross rent
$116.3K $21.60/SF
− Vacancy
−$6.5K −$1.21/SF
EGI
$109.8K $20.39/SF
− OpEx
−$27.5K −$5.10/SF
NOI
$82.4K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,040
Cap Rate 7%
$1,176,457
Cap Rate 9%
$915,022
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,352 @ 7.0% cap · market cap 548.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,358 @ 7.0% cap · market cap 681.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Under-served
Demand for This Use
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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 Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two kitchens, private dining, and existing kitchen equipment support restaurant operations.
Where is this conventional restaurant located?
The property is located at 7017 N 10th Street McAllen, TX.
What are key features of this property?
This property features: Two kitchens, a private dining area, and a large bar; Existing kitchen equipment included; Rear entrance
