Coworking Space with Conference
New
For Sale
Contact for pricing
801 E Fern Avenue, McAllen, TX 78501
Office occupants have shared meeting rooms, a kitchen lounge, mail service and utilities.
Property Size24,396 SF
Price / SF$0.02
Days on Market1
Property Features for 801 E Fern Avenue
General Information
Standard status
Active
Size
24,396 SF
Property subtype
Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Utilities to Site
Yes
Property Use
Executive Suites
Amenities
3 conference rooms
lounge with kitchen
mail room
2 atriums
public restrooms
lobby/reception area
wifi
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:48AM
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.
Built in 2004, this 24,396-square-foot coworking property offers offices in a range of sizes. Shared facilities include a reception area, three conference rooms, a lounge with a kitchen, a mail room, two atriums and public restrooms.
Electricity, Wi-Fi and water are provided for tenants.
Electricity, Wi-Fi and water are provided for tenants.
Key Highlights
- 24,396‑square‑foot coworking property
- Built in 2004
- Three conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$326,601
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,532,020
$6.5M
Cap Rate 7%
$4,665,729
$4.7M
Cap Rate 9%
$3,628,900
$3.6M
Market Conditions
NOI Build-Up for 24,396 SF
Gross rent
$512.3K $21.00/SF
− Vacancy
−$76.8K −$3.15/SF
EGI
$435.5K $17.85/SF
− OpEx
−$108.9K −$4.46/SF
NOI
$326.6K $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%
$6,532,020
Cap Rate 7%
$4,665,729
Cap Rate 9%
$3,628,900
Alternative Uses
Best Use
Office B
$4.67M
$4.08M – $5.44M
NOI $326,601 @ 7.0% cap · market cap 60,481.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.62M
$5.80M – $7.73M
NOI $463,719 @ 7.0% cap · market cap 85,873.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
Explore this area
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?
Coworking space - Office occupants have shared meeting rooms, a kitchen lounge, mail service and utilities.
Where is this coworking space located?
The property is located at 801 E Fern Avenue McAllen, TX.
What are key features of this property?
This property features: 24,396‑square‑foot coworking property; Built in 2004; Three conference rooms
