Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space For Rent Title is generated by Realmo AI

    309 W Nolana Ave, McAllen, TX 78504

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office spaces available in well-established sector.

    Type:Office
    Added:
    Sep 16, 2019
    Days on Market:
    2453
    Last Refresh:
    May 19 at 9:23 pm

    Property Features for 309 W Nolana Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 309 W Nolana Ave Contact us

    We can help!

    Listing Contact
    Charles Marina

    Listing agent Charles Marina

    Listing office First American Realty Company

    Listing date Sep 16, 2019

    Source Crexi

    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 First American Realty Company

    HighLights

    • Lease spaces available in a well‑established office sector.
    • Proximity to entertainment.
    • Close to medical facilities.
    • Near retail options.
    • Located near rooftops and other service providers.
    • Situated on Nolana between 2nd and 10th Street.

    Overview

    Lease spaces are available in a well-established office sector. The location is situated between 2nd Street and 10th Street, on the south side of Nolana. The surrounding area includes entertainment, medical facilities, retail options, residential buildings, and other service providers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Hearing Aid ... Physician Palacios Edieberto Medical Clinic Eleanor Cantu-Nieto Agency ... Insurance Agency The Omni Wellness Studio Spa & Massage Center Ruth Permanent Make ... Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.21161
    Latitude
    26.237978

    Nearby Similar for Lease

    • $28 SF/Yr
      2,797 SF

      Restaurant Building Near Interstate 2

      2,797 SF freestanding building near I-2 in McAllen, TX.
      600 E Ridge Road, McAllen, TX 78503
      View Details
    • $1,150/Mo
      181 SF

      Premier McAllen Office Space Available

      Fully remodeled office space in central McAllen location.
      317 S 11th Street, McAllen, TX 78501
      View Details
    • $1,000/Mo
      161 SF

      Premier McAllen Commercial Space

      Prestigious office space near Chase Tower, McAllen.
      301 S 11th Street, McAllen, TX 78501
      View Details
    • $650/Mo
      103 SF

      Premier McAllen Office Space Available

      Fully remodeled office space in central McAllen, all utilities included.
      317 11th Street, McAllen, TX 78501
      View Details
    • $950/Mo
      153 SF

      Premier McAllen Office Space

      Fully remodeled office space in central McAllen, all utilities included.
      301 11th Street, McAllen, TX 78501
      View Details
    • $1,400/Mo
      222 SF

      Remodeled Office Space in McAllen

      Fully remodeled office space near McAllen International Airport.
      317 11th Street, McAllen, TX 78501
      View Details
    • $1,230/Mo
      1,500 SF

      McAllen Flex Space Available

      Flex space with office and warehouse components for rent.
      3235 N 38th Street, McAllen, TX 78501
      View Details
    • $2,500/Mo
      2,954 SF

      Prime Location in McAllen Entertainment

      High-traffic location ideal for bars, lounges, or nightlife concepts.
      202 S 17th Street, McAllen, TX 78501
      View Details
    • $450/Mo
      140 SF

      McAllen Office Suites For Lease

      Professional office suites available in central McAllen location.
      4313 N 10th Street, McAllen, TX 78504
      View Details
    • $4,194/Mo
      1,382 SF

      Retail Space in Trenton Palms

      Retail space in a high-traffic shopping center.
      7001 N 10th Street, McAllen, TX 78504
      View Details
    • $2,200/Mo
      1,500 SF

      Prime Retail/Office Space, McAllen

      High-traffic McAllen location suitable for retail, office, or food service.
      3401 Auburn Avenue, McAllen, TX 78501
      View Details
    • $450/Mo
      1,640 SF

      Offices Near Mercado District, McAllen

      Four office spaces available near Nolana Ave and 23rd St.
      2208 Primrose Avenue, McAllen, TX 78504
      View Details

    FAQs

    What type of property is this?
    Office units - Office spaces available in well-established sector.
    Where is this office units located?
    The property is located at 309 W Nolana Ave McAllen, TX.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Lease spaces available in a well‑established office sector.; Proximity to entertainment.; Close to medical facilities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Marina
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    309 W Nolana Ave, McAllen, TX 78504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!