McAllen Warehouse and Office
For Sale
Contact for pricing
3701 N Mccoll Road, McAllen, TX 78501
Centrally located McAllen property with warehouse and office space.
Property Size24,993 SF
Price / SF$95.99
Days on Market693
Property Features for 3701 N Mccoll Road
General Information
Standard status
Active
Size
24,993 SF
Total Parking Spaces
77
Property subtype
Industrial, Retail
Building Details
Year Built
1995
Listing Agency:
Star Properties Real Estate
Listed By:
Arturo Latigo
(956) 664-2121
Source:
Crexi
Added: Nov 20, 2024
Changed: Oct 2
Last Checked: Oct 12 at 7:25PM
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 Star Properties Real Estate
Investment Insights
Based on property information with market context.
This McAllen property, situated in a central location south of Nolana and McColl, presents an investment opportunity. It comprises two buildings. The front building features 2,495 square feet of office space and 4,469 square feet of warehouse space, totaling 6,964 square feet. The second building is primarily warehouse space, offering 17,433 square feet, complemented by a 596-square-foot office. Truck wells are available for two semi-trailers and one step van dock. The front building is currently leased on a month-to-month basis. The total property size is 24,993 square feet.
Key Highlights
- Substantial warehouse space totaling 21,892 sq ft across two buildings.
- Prime central location in McAllen, south of Nolana and McColl.
- Includes office space in both buildings (2,495 sq ft and 596 sq ft).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,313
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,260
$3.7M
Cap Rate 7%
$2,633,043
$2.6M
Cap Rate 9%
$2,047,922
$2.0M
Market Conditions
NOI Build-Up for 24,993 SF
Gross rent
$224.9K $9.00/SF
− Vacancy
−$8.1K −$0.32/SF
EGI
$216.8K $8.68/SF
− OpEx
−$32.5K −$1.30/SF
NOI
$184.3K $7.37/SF
Area
McAllen, TX
Vacancy
3.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,260
Cap Rate 7%
$2,633,043
Cap Rate 9%
$2,047,922
Alternative Uses
Best Use
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,313 @ 7.0% cap · market cap 7.68%
Second Best
Flex RnD
$2.21M
$1.94M – $2.58M
NOI $154,845 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M
NOI $475,067 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Centrally located McAllen property with warehouse and office space.
Where is this flex space located?
The property is located at 3701 N Mccoll Road McAllen, TX.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Substantial warehouse space totaling 21,892 sq ft across two buildings.; Prime central location in McAllen, south of Nolana and McColl.; Includes office space in both buildings (2,495 sq ft and 596 sq ft).
