809 N Ware Road, McAllen, TX 78501
COMMERCIAL - McAllen, TX
- Added:
- Jun 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 10 at 10:06 pm
Property Features for 809 N Ware Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Parking
- 18
- Security features
- Security System
- Patio and Porch features
- Patio
- Appliances
- Water Heater (Other Location)
- Standard status
- Active
- APN
- V347001000000700
- Size
- 2,790 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7339
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Flat
Listing agent Alejandra E. Cobos (956) 802-1982
Listing office Cobos Real Estate Services LLC 520 W Pecan Blvd, McAllen, TX (956) 802-1982
Listing date Jun 10, 2026
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.
HighLights
- Strong 7.2% capitalization rate, offering reliable returns for investors.
- Established laundromat business generating $75,000 in annual income.
- Opportunity to generate additional income from four on‑site rental offices.
- Turnkey investment opportunity with both active and passive income streams.
- Well‑maintained 2,790 sq. ft. property with approximately 16 parking spaces.
- Strategically located in a high‑traffic area off Ware Rd and Pecan.
Overview
The property is located at 809 N Ware Road in McAllen, Texas, in Hidalgo County. The listing describes approximately 16 parking spaces and positioning off Ware Rd and Pecan in a high-traffic area.
For operators, investors, or buyers seeking an income-oriented setup, the mix of a functioning laundromat and multiple rental office spaces can support diversified cash flow. The ownership opportunity is also presented as a way to purchase the business and lease the space, with the laundromat equipment and office units identified as part of the offering. Zoning is listed as CO.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.260876
- Latitude
- 26.215353
