Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1524 Mccoll Rd McAllen, TX 78501

    Sponsored
    For Lease
    $32 SF/Yr

    Prime McAllen Office Space Available

    Lot size:
    18,054 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional McAllen, Texas office property at 1524 N McColl Rd offers 18,054 square feet of space in a multi-tenant building. Three executive office suites are currently available, ranging from 2,320 to 4,312 square feet, providing flexibility for various business needs. The building boasts a highly visible location with excellent signage opportunities, ensuring maximum brand exposure. Ample parking and well-maintained grounds create a professional and convenient environment for clients and employees. The modern interior spaces are customizable, allowing tenants to design their ideal workspace. State-of-the-art amenities contribute to a comfortable and efficient work environment. This property presents a unique opportunity to establish a strong presence in the thriving McAllen business community, offering a combination of prime location, modern amenities, and flexible space options. Located in McAllen, Texas, zip code 78501, this property is ready for immediate occupancy. The building's design and location make it an ideal choice for businesses seeking a high-profile and functional office space.

    Property Features for 1524 Mccoll Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,054 SF
    Total Rate
    48144

    Unit(s) available at that property

    Space
    Suite200
    Size
    2,320 SF
    Rate per SF
    $32
    Space
    Suite 210
    Size
    2,514 SF
    Rate per SF
    $32
    Space
    Suite 250
    Size
    4,312 SF
    Rate per SF
    $32

    We can help!

    Listing Contact
    Edward Villareal
    Edward Villareal

    Learn more

    Property Insight Report

    HighLights

    • 18,054 SF multi‑tenant office building in McAllen, TX (78501).
    • Three executive suites available, 2,320 - 4,312 SF each.
    • High‑visibility location with excellent signage opportunities and ample parking (85 spaces, 5.11/1,000 SF ratio).
    Property Profile Location Intelligence

    Current Use by Public Records

    Wootten Medical Group Medical Group Vantage Bank Texas Bank

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.210479938653
    Latitude
    26.215161569407

    Nearby Similar for Lease

    • $500 /Mo
      24,833 SF

      Modern Office Suites for Rent

      Stylish office spaces with modern amenities in a prime location.
      710 Laurel St, McAllen, TX 78501
      View Details
    • $8,236 /Mo
      4,991 SF

      Class A Commercial Space

      High-end commercial space ideal for medical, legal, or professional services.
      110 E Savannah Ave, McAllen, TX 78503
      View Details
    • $9,872 /Mo
      24,892 SF

      Restaurant Space in Premier Plaza

      Fully built-out restaurant space with rooftop view in McAllen.
      101 E Expy 83 Hwy, McAllen, TX 78501
      View Details
    • $700 /Mo
      24,833 SF

      Modern Office Suites For Rent

      Stylish office spaces with modern design and functional common areas.
      710 Laurel St, McAllen, TX 78501
      View Details
    • $3,500 /Mo
      2,100 SF

      McAllen Office Space For Rent

      Office space for rent in McAllen, Texas.
      5300 N Mccoll Rd, McAllen, TX 78504
      View Details
    • $12,113 /Mo
      6,548 SF

      McAllen Office Space Available

      Impressive office space in McAllen's industrial park zone.
      3101 W Military Hwy, McAllen, TX 78501
      View Details
    • $3,618 /Mo
      1,251 SF

      Retail Space in North McAllen

      Upscale retail suite in high-traffic shopping center, ready to occupy.
      7001 N 10Th St, McAllen, TX 78504
      View Details
    • $1,000 /Mo
      24,833 SF

      Modern Office Suites Available

      Move-in ready office spaces with included utilities and common areas.
      710 Laurel St, McAllen, TX 78501
      View Details
    • $7,500 /Mo
      5,637 SF

      Restaurant Space in McAllen, TX

      Restaurant space with separate dining and bar areas for rent.
      1100 Houston Ave, McAllen, TX 78501
      View Details
    • $4,900 /Mo
      2,000 SF

      Premier Plaza Commercial Unit Available

      Commercial unit in a prestigious plaza, suitable for various uses.
      101 E Expy 83 Hwy, McAllen, TX 78501
      View Details
    • $1,000 /Mo
      24,833 SF

      Modern Office Suites Available

      Move-in ready office spaces with modern amenities included.
      710 Laurel St, McAllen, TX 78501
      View Details
    • $1,000 /Mo
      24,833 SF

      Modern Office Suites Available

      Move-in ready office suites with modern design and amenities.
      710 Laurel St, McAllen, TX 78501
      View Details

    FAQs

    What type of property is this?
    Office Property Space - Prime McAllen Office Space Available
    Where is this office property space located?
    The property is located at 1524 Mccoll Rd McAllen, TX.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 18,054 SF multi-tenant office building in McAllen, TX (78501).; Three executive suites available, 2,320 - 4,312 SF each.; High-visibility location with excellent signage opportunities and ample parking (85 spaces, 5.11/1,000 SF ratio).
    Request Owner's contact information
    1524 Mccoll Rd McAllen, TX 78501
    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.
    1524 Mccoll Rd
    McAllen, TX 78501
    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
    1524 Mccoll Rd McAllen, TX 78501
    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

    We can help!
    Listing Contact
    Edward Villareal
    Edward Villareal
    Real Estate License ID: TX 0467182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.