Downtown Storefront
806 S 16 1/2 Street, McAllen, TX 78501
For Sale
$440,000
Commercial Sale, McAllen, TX
Property Size2,790 SF
Lot Size0.22 Acres
Price / SF$157.71
Days on Market158
Property Features for 806 S 16 1/2 Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Security features
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License TX #0530155
(956) 821-9990
Added: Jun 9
Changed: Oct 26
Last Checked: Nov 13 at 11:06PM
MLS# 494187
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,790-square-foot storefront property in McAllen includes a retail display area, work area, dedicated storage, and a separate unit available for lease. The existing flower shop occupancy supports continued retail use, while the additional space can accommodate office, boutique retail, or service-oriented operations as supported by the layout.
Constructed in 2009, the building features stucco construction, a flat roof, central air, electric heating, an electric water heater, and off-street parking. The property is zoned CO and occupies 0.2181 acres at 806 S 16 1/2 Street in downtown McAllen.
Constructed in 2009, the building features stucco construction, a flat roof, central air, electric heating, an electric water heater, and off-street parking. The property is zoned CO and occupies 0.2181 acres at 806 S 16 1/2 Street in downtown McAllen.
Key Highlights
- 2,790‑square‑foot storefront property on 0.2181 acres
- Existing flower shop occupancy with retail display and workspace
- Separate unit available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,822
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,440
$796.4K
Cap Rate 7%
$568,886
$568.9K
Cap Rate 9%
$442,467
$442.5K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$60.3K $21.60/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$56.9K $20.39/SF
− OpEx
−$17.1K −$6.12/SF
NOI
$39.8K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,440
Cap Rate 7%
$568,886
Cap Rate 9%
$442,467
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,365
Businesses Nearby
Well-served
Demand for This Use
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
$149,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in McAllen, TX
Properties on Market for Storefront properties in McAllen
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- XOXO Flowers and Decor — 2000 s 10th st, mcallen, tx 78503
- Eleganza Floral Deco — inside palazzio bridal, 500 w expy 83, mcallen, tx 78501
- House of Bloom Floristry — 1111 S 10th St Suite A, McAllen, TX 78501
- Juanita's Flowers-All Occasion — 800 S 16 1/2 St, McAllen, TX 78501
- Fruitful Creations & Spirit — 800 S 16 1/2 St, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Storefront property - Occupied retail storefront with a separate leasable unit and dedicated storage.
Where is this storefront property located?
The property is located at 806 S 16 1/2 Street McAllen, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,790‑square‑foot storefront property on 0.2181 acres; Existing flower shop occupancy with retail display and workspace; Separate unit available for lease
