Office Suite with Private
New
For Sale
Contact for pricing
837 E Esperanza Avenue, McAllen, TX 78501
Three enclosed offices are complemented by reception, a break room, storage and a private restroom.
Property Size940 SF
Price / SF$2.00
Days on Market2
Property Features for 837 E Esperanza Avenue
General Information
Standard status
Active
Size
940 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
mature landscaping
break room
private restroom
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:09PM
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.
This 940-square-foot office suite, built in 1994, has three private offices, a reception area, a break room, a storage closet and its own restroom. The existing layout provides several distinct work areas within the suite.
The property is part of Summit Park North, an office complex with mature landscaping and ample parking. It is located just off McColl Road at 837 E Esperanza Avenue in McAllen.
The property is part of Summit Park North, an office complex with mature landscaping and ample parking. It is located just off McColl Road at 837 E Esperanza Avenue in McAllen.
Key Highlights
- 940‑square‑foot office suite built in 1994
- Three private offices with a dedicated reception area
- Break room, storage closet and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,584
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,680
$251.7K
Cap Rate 7%
$179,771
$179.8K
Cap Rate 9%
$139,822
$139.8K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$19.7K $21.00/SF
− Vacancy
−$3.0K −$3.15/SF
EGI
$16.8K $17.85/SF
− OpEx
−$4.2K −$4.46/SF
NOI
$12.6K $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%
$251,680
Cap Rate 7%
$179,771
Cap Rate 9%
$139,822
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 669.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 950.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
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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?
Office unit - Three enclosed offices are complemented by reception, a break room, storage and a private restroom.
Where is this office unit located?
The property is located at 837 E Esperanza Avenue McAllen, TX.
What are key features of this property?
This property features: 940‑square‑foot office suite built in 1994; Three private offices with a dedicated reception area; Break room, storage closet and private restroom
