General Commercial Office
For Sale
Contact for pricing
903 W Dallas Ave, McAllen, TX 78501
Office building in a C-3 general commercial zone with an existing 1,849 SF structure and additional 128 SF.
Property Size1,849 SF
Price / SF$216.33
Days on Market172
Property Features for 903 W Dallas Ave
General Information
Standard status
Active
Size
1,849 SF
Property subtype
OFFICE
Listing Agency:
SVN | Hanna Solutions CRE
(956) 322-4001
Listed By:
Mark Hanna
(956) 821-8001
Source:
Moodyscre
Added: May 5
Changed: Oct 1
Last Checked: Oct 20 at 11:25PM
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 SVN | Hanna Solutions CRE
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Investment Insights
Based on property information with market context.
This for-sale office property includes an existing 1,849 SF building plus an additional 128 SF structure. The property is positioned to support adaptive reuse or redevelopment, with current improvements in place for a range of professional office configurations.
The site sits just off 10th Street on a premier retail and business corridor. It is surrounded by established commercial and residential uses and is described as a central McAllen location with strong accessibility.
Zoned General Commercial (C-3), the property can be considered for office uses such as law offices, CPA or financial services, and other professional service firms, subject to applicable regulations.
The site sits just off 10th Street on a premier retail and business corridor. It is surrounded by established commercial and residential uses and is described as a central McAllen location with strong accessibility.
Zoned General Commercial (C-3), the property can be considered for office uses such as law offices, CPA or financial services, and other professional service firms, subject to applicable regulations.
Key Highlights
- C‑3 general commercial zoning—suited for law offices, CPA/financial services, and other professional service firms
- Central McAllen lot just off 10th Street on a premier retail & business corridor
- 13,891 SF lot (0.32 acres) with an existing 1,849 SF building plus an additional 128 SF structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,753
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,060
$495.1K
Cap Rate 7%
$353,614
$353.6K
Cap Rate 9%
$275,033
$275.0K
Market Conditions
NOI Build-Up for 1,849 SF
Gross rent
$38.8K $21.00/SF
− Vacancy
−$5.8K −$3.15/SF
EGI
$33.0K $17.85/SF
− OpEx
−$8.3K −$4.46/SF
NOI
$24.8K $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%
$495,060
Cap Rate 7%
$353,614
Cap Rate 9%
$275,033
Alternative Uses
Best Use
Office B
$353.6K
$309.4K – $412.6K
NOI $24,753 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.1K
$439.3K – $585.8K
NOI $35,146 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building in a C-3 general commercial zone with an existing 1,849 SF structure and additional 128 SF.
Where is this office building located?
The property is located at 903 W Dallas Ave McAllen, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: C‑3 general commercial zoning—suited for law offices, CPA/financial services, and other professional service firms; Central McAllen lot just off 10th Street on a premier retail & business corridor; 13,891 SF lot (0.32 acres) with an existing 1,849 SF building plus an additional 128 SF structure
