Tenant-Occupied Coffee
7824 N Ware Road #1, McAllen, TX 78504
For Sale
New
$599,500
The building is subject to its existing lease and is located on N. Ware Road in McAllen.
Property Size2,504 SF
Price / SF$239.42
Days on Market4
Property Features for 7824 N Ware Road #1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Pegasus Realty
(956) 627-6312
Listed By:
Rafael Reyna
(956) 681-6254
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 5:05PM
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 Pegasus Realty
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 2,504-square-foot coffee shop property at 7824 N. Ware Road in McAllen is occupied by a tenant and offered subject to the current lease. The building was constructed in 1972.
The property is Lot 1 in Sharpless Square, a newly platted development.
The property is Lot 1 in Sharpless Square, a newly platted development.
Key Highlights
- 2,504‑square‑foot building
- Tenant occupied; sale is subject to the existing lease
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,293
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,860
$765.9K
Cap Rate 7%
$547,043
$547.0K
Cap Rate 9%
$425,478
$425.5K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$54.1K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$51.1K $20.39/SF
− OpEx
−$12.8K −$5.10/SF
NOI
$38.3K $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%
$765,860
Cap Rate 7%
$547,043
Cap Rate 9%
$425,478
Alternative Uses
Best Use
Specialty Retail
$547.0K
$478.7K – $638.2K
NOI $38,293 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.9K
$595.0K – $793.3K
NOI $47,596 @ 7.0% cap · market cap 7.94%
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
88
Businesses Nearby
Under-served
Demand for This Use
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?
Coffee shop - The building is subject to its existing lease and is located on N. Ware Road in McAllen.
Where is this coffee shop located?
The property is located at 7824 N Ware Road #1 McAllen, TX.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: 2,504‑square‑foot building; Tenant occupied; sale is subject to the existing lease; Built in 1972
