Office Unit with Conference
New
For Sale
Contact for pricing
837 W Dove Avenue, McAllen, TX 78504
The interior includes four private offices, an upper-level conference lounge, and storage.
Property Size2,899 SF
Price / SF$1.55
Days on Market2
Property Features for 837 W Dove Avenue
General Information
Standard status
Active
Size
2,899 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1998
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Last Checked: Nov 1 at 3:37PM
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 Texus Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,899-square-foot office unit, built in 1998, has a lobby, four private offices, and storage. An upper-level lounge provides conference space. The property is at 837 W Dove Avenue in McAllen.
The office is part of a plaza that includes New York Deli, Blue Onion, Helium Trampoline Park, and an Indian restaurant. Sprouts, Lowe’s, Walgreens, and Dollar General are identified as nearby businesses.
The office is part of a plaza that includes New York Deli, Blue Onion, Helium Trampoline Park, and an Indian restaurant. Sprouts, Lowe’s, Walgreens, and Dollar General are identified as nearby businesses.
Key Highlights
- 2,899 square feet
- Four private offices and a lobby
- Upper‑level lounge with conference space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,810
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,200
$776.2K
Cap Rate 7%
$554,429
$554.4K
Cap Rate 9%
$431,222
$431.2K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$60.9K $21.00/SF
− Vacancy
−$9.1K −$3.15/SF
EGI
$51.7K $17.85/SF
− OpEx
−$12.9K −$4.46/SF
NOI
$38.8K $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%
$776,200
Cap Rate 7%
$554,429
Cap Rate 9%
$431,222
Alternative Uses
Best Use
Office B
$554.4K
$485.1K – $646.8K
NOI $38,810 @ 7.0% cap · market cap 862.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.2K
$688.8K – $918.4K
NOI $55,104 @ 7.0% cap · market cap 1,224.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The interior includes four private offices, an upper-level conference lounge, and storage.
Where is this office unit located?
The property is located at 837 W Dove Avenue McAllen, TX.
What are key features of this property?
This property features: 2,899 square feet; Four private offices and a lobby; Upper‑level lounge with conference space
