Corner Mixed-Use
New
For Sale
Contact for pricing
7601 N 29th Street Unit 70, McAllen, TX 78504
Nine suites are available for lease at the 29th Street and Trenton Road intersection.
Property Size1,320 SF
Price / SF$2.32
Days on Market2
Property Features for 7601 N 29th Street Unit 70
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:05PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains 1,320 square feet and was built in 2024. Nine suites are available for lease, with the plaza positioned on the corner of 29th Street and Trenton Road in McAllen.
The property is located at 7601 N 29th Street, Unit 70. Its corner placement and suite availability are the defining details provided for this offering.
The property is located at 7601 N 29th Street, Unit 70. Its corner placement and suite availability are the defining details provided for this offering.
Key Highlights
- 1,320 SF property built in 2024
- Nine suites available for lease
- At the corner of 29th Street and Trenton Road in McAllen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,038
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
$320.8K
Cap Rate 7%
$229,114
$229.1K
Cap Rate 9%
$178,200
$178.2K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$28.5K $21.60/SF
− Vacancy
−$2.9K −$2.16/SF
EGI
$25.7K $19.44/SF
− OpEx
−$9.6K −$7.29/SF
NOI
$16.0K $12.15/SF
Area
McAllen, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
Cap Rate 7%
$229,114
Cap Rate 9%
$178,200
Alternative Uses
Best Use
Retail
$269.2K
$235.5K – $314.0K
NOI $18,841 @ 7.0% cap · market cap 615.32%
Second Best
Mixed Use
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 523.78%
Theoretical Best
Office A
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 819.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine suites are available for lease at the 29th Street and Trenton Road intersection.
Where is this mixed-use property located?
The property is located at 7601 N 29th Street Unit 70 McAllen, TX.
What are key features of this property?
This property features: 1,320 SF property built in 2024; Nine suites available for lease; At the corner of 29th Street and Trenton Road in McAllen
