Turnkey Laundromat and Office
809 N Ware Road McAllen McAllen, TX 78501
Turnkey laundromat with 24 washers, 28 dryers, plus four on-site office rentals near Ware Rd and Pecan.
Type:Commercial
Property size:
2,790 SFPrice / SF:
$238/SF- Added:
- Jun 22, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 23 at 2:57 am
Property Features for 809 N Ware Road McAllen
General Information
- Standard status
- Active
- Size
- 2,790 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing office Cobos Real Estate Services LLC
Listing date Jun 22, 2026
Source Primeluxuryrealestate
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 Cobos Real Estate Services LLC
Investment Insights
Based on property information with market context.
This turnkey property in McAllen, TX combines an established laundromat with on-site rental offices. The laundromat is equipped with 24 commercial washers and 28 dryers, along with coin changers and vending machines. Most of the equipment is described as under warranty, and the business generates $75,000 in annual income from coins, changers, and vending. In addition, there are four on-site rental offices, with one currently leased and three vacant, creating room for incremental income through occupancy. The property is described as well-maintained and sized at approximately 2,790 square feet.
The site provides approximately 16 parking spaces and is positioned off Ware Rd and Pecan in a higher-traffic area. The offering is presented as a turnkey investment opportunity, and the listing remarks note low overhead.
For investors or owner-operators, this configuration offers immediate revenue from the laundromat alongside supplemental rental income potential from the office suites. For those not ready to purchase the real estate, the remarks also describe an option to buy the business and lease the space. Overall, the asset’s mixed-income setup and operational readiness are intended to appeal to buyers seeking a hands-on, income-producing operation.
The site provides approximately 16 parking spaces and is positioned off Ware Rd and Pecan in a higher-traffic area. The offering is presented as a turnkey investment opportunity, and the listing remarks note low overhead.
For investors or owner-operators, this configuration offers immediate revenue from the laundromat alongside supplemental rental income potential from the office suites. For those not ready to purchase the real estate, the remarks also describe an option to buy the business and lease the space. Overall, the asset’s mixed-income setup and operational readiness are intended to appeal to buyers seeking a hands-on, income-producing operation.
Key Highlights
- Established laundromat built in 1998 with 2,790 SF and 16 on‑site parking spaces
- Includes 24 commercial washers and 28 dryers (most under warranty), with coin changers and vending machines
- Generates $75,000 in annual income from laundry operations
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $56.9k | $20.39 |
| − OpEx | −$17.1k | −$6.12 |
| NOI | $39.8k | $14.27 |
2,790 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$533.6K
$466.9K – $622.5K
NOI $37,351 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Road Assistance 24/7
Auto Repair Shop
All Valley Laundry
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Turnkey laundromat with 24 washers, 28 dryers, plus four on-site office rentals near Ware Rd and Pecan.
Where is this retail space located?
The property is located at 809 N Ware Road McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Established laundromat built in 1998 with 2,790 SF and 16 on‑site parking spaces; Includes 24 commercial washers and 28 dryers (most under warranty), with coin changers and vending machines; Generates $75,000 in annual income from laundry operations
