813 N Ware Road McAllen, TX 78501
Mixed-use property with two units, ideal for investment.
Property Features for 813 N Ware Road
General Information
- Standard status
- Active
- Size
- 2,545 SF
- Property subtype
- Land, Office, Retail
Building Details
- Year Built
- 2000
Listing office Pinnacle Realty Advisors
Listing date May 3, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty Advisors
Investment Insights
Based on property information with market context.
Key Highlights
- Investment property.
- Divided into two units.
- Option to live in one unit and rent the other.
Local Financial Insights For Mixed Use
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 | $55.0k | $21.60 |
| − Vacancy | −$5.5k | −$2.16 |
| EGI | $49.5k | $19.44 |
| − OpEx | −$18.6k | −$7.29 |
| NOI | $30.9k | $12.15 |
