Multi-Office Professional
New
For Sale
Contact for pricing
713 E Esperanza Avenue, McAllen, TX 78501
The layout includes reception, conference, file, and storage areas, plus a private restroom.
Property Size1,500 SF
Price / SF$1.90
Days on Market2
Property Features for 713 E Esperanza Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
mature landscaping
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:52PM
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.
This 1,500-square-foot office unit in Summit Park North dates to 1994. Its plan includes four private offices, a conference room, a waiting area, a reception area, a file room, a coffee bar, a storage closet, and a private restroom. Granite countertops, porcelain tile, and carpet are among the interior finishes.
The office complex has mature landscaping and parking. The property is at 713 E Esperanza Avenue in McAllen, just off McColl Road.
The office complex has mature landscaping and parking. The property is at 713 E Esperanza Avenue in McAllen, just off McColl Road.
Key Highlights
- 1,500‑square‑foot office unit
- Four private offices, conference room, waiting area, and reception area
- File room, coffee bar, storage closet, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,081
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,620
$401.6K
Cap Rate 7%
$286,871
$286.9K
Cap Rate 9%
$223,122
$223.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.5K $21.00/SF
− Vacancy
−$4.7K −$3.15/SF
EGI
$26.8K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.1K $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%
$401,620
Cap Rate 7%
$286,871
Cap Rate 9%
$223,122
Alternative Uses
Best Use
Office B
$286.9K
$251.0K – $334.7K
NOI $20,081 @ 7.0% cap · market cap 704.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 1,000.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
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Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
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 - The layout includes reception, conference, file, and storage areas, plus a private restroom.
Where is this office unit located?
The property is located at 713 E Esperanza Avenue McAllen, TX.
What are key features of this property?
This property features: 1,500‑square‑foot office unit; Four private offices, conference room, waiting area, and reception area; File room, coffee bar, storage closet, and private restroom
