Turnkey Retail Building with Office
For Sale
$440,000
806 S 16 1/2 Street McAllen, McAllen, TX 78501
Current flower shop buildout includes retail display, workspace, and dedicated storage, plus a separate unit available for lease.
Property Size2,790 SF
Days on Market94
Property Features for 806 S 16 1/2 Street McAllen
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,795
Building Details
Building Size
2,790 SF
Year Built
2009
Tenancy
Multi
Listing Agency:
Keller Williams Realty RGV
Listed By:
Maggie Harris · License #TREC#0530155
(956) 566-8377
Source:
Primeluxuryrealestate
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 13 at 12:24AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This versatile commercial building is for sale and is currently occupied by a flower shop. The main space is set up with a retail display area, functional workspace, and dedicated storage. A separate unit is also included and is available for lease.
The property is located in the heart of downtown McAllen, positioned along a high-visibility downtown corridor.
The secondary unit is described as suitable for office, boutique retail, or service-based businesses, offering additional flexibility for an owner-operator or investor. The offering includes both the occupied main space and a separately available unit.
The property is located in the heart of downtown McAllen, positioned along a high-visibility downtown corridor.
The secondary unit is described as suitable for office, boutique retail, or service-based businesses, offering additional flexibility for an owner-operator or investor. The offering includes both the occupied main space and a separately available unit.
Key Highlights
- Commercial building built in 2009
- Current flower shop buildout includes retail display area, workspace, and dedicated storage
- Separate unit available for lease for potential supplemental rental income
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
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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 - Current flower shop buildout includes retail display, workspace, and dedicated storage, plus a separate unit available for lease.
Where is this storefront property located?
The property is located at 806 S 16 1/2 Street McAllen 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: Commercial building built in 2009; Current flower shop buildout includes retail display area, workspace, and dedicated storage; Separate unit available for lease for potential supplemental rental income
