General Commercial Adaptive Reuse
903 West Dallas Avenue McAllen, TX 78501
903 West Dallas Avenue, McAllen, TX, 78501
$400,000
For Sale
$400,000
Commercial building on General Commercial (C-3) zoning, currently improved with a residential structure.
Property Size2,100 SF
Lot Size0.32 Acres
Price / SF$190.48
Days on Market93
Property Features for 903 West Dallas Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.32 Acres
- Property subtype
- Office - General Office
Building Details
- Year Built
- 1996
Listing agency
SVN | Hanna Solutions Commercial Real Estate
(956) 322-4001
Listed by
Mark Hanna, CCIM
Source
Commercialcafe
Added: Apr 21 Updated: Jul 21 at 12:58AM Checked: Jul 21 at 2:57AM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
903 Dallas Ave is a commercial property improved with a residential structure, offering an adaptive reuse or redevelopment opportunity. The building size is approximately 2,100 SF and sits on about 0.32 acres.
The property is located just east of 10th Street (Business 83) in McAllen, Texas, placing it off a well-established commercial corridor with convenient access to surrounding business activity.
Zoned General Commercial (C-3), the site supports a wide range of uses, including professional office, retail, and service-based businesses. This configuration can support owner-users and investors looking to reposition the existing improvements into professional space or other permitted commercial uses under the C-3 zoning classification.
The property is located just east of 10th Street (Business 83) in McAllen, Texas, placing it off a well-established commercial corridor with convenient access to surrounding business activity.
Zoned General Commercial (C-3), the site supports a wide range of uses, including professional office, retail, and service-based businesses. This configuration can support owner-users and investors looking to reposition the existing improvements into professional space or other permitted commercial uses under the C-3 zoning classification.
Key Highlights
- 2,100 SF commercial building on 0.32 acres, built in 1996
- General Commercial (C‑3) zoning allows a wide range of uses including professional office, retail, and service‑based businesses
- Property is located just off 10th Street (Business 83) at 903 Dallas Ave in McAllen, TX
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $21.60 |
| − Vacancy | −$2.5k | −$1.21 |
| EGI | $42.8k | $20.39 |
| − OpEx | −$12.8k | −$6.12 |
| NOI | $30.0k | $14.27 |
2,100 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$428.2K
$374.7K – $499.6K
NOI $29,974 @ 7.0% cap · market cap 7.49%
Second Best
Office B
$401.6K
$351.4K – $468.6K
NOI $28,114 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$570.2K
$499.0K – $665.3K
NOI $39,917 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creative Dental Lab
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial building on General Commercial (C-3) zoning, currently improved with a residential structure.
Where is this office building located?
The property is located at 903 West Dallas Avenue 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: 2,100 SF commercial building on 0.32 acres, built in 1996; General Commercial (C‑3) zoning allows a wide range of uses including professional office, retail, and service‑based businesses; Property is located just off 10th Street (Business 83) at 903 Dallas Ave in McAllen, TX
