McAllen Commercial Building For
411 W Business 83 McAllen, TX 78501
411 W Business 83, McAllen, TX, 78501
Contact for pricing
For Sale
Contact for pricing
Downtown McAllen commercial building suitable for owner-user or investment.
Property Size2,000 SF
Price / SF$242.50
Days on Market1629
Property Features for 411 W Business 83
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agency
CT PrimeRealty
Listed by
CJ Trevino · License #TX 591033
Source
Crexi
Added: Feb 4, 2022 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 3:04AM
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 CT PrimeRealty
Investment Insights
Based on property information with market context.
Located in downtown McAllen, Texas, this commercial property presents an opportunity for an owner-user. The building, previously utilized as an auto-repair shop and a cellular phone store, features a lobby/showroom area connected to a small warehouse. The garage faces Business 83 and provides access to a back covered area suitable for outdoor storage. The property size is 2000 square feet.
Key Highlights
- Located in the heart of downtown McAllen business community.
- Great opportunity for an Owner‑User to occupy the building.
- Lobby/showroom with connected small warehouse.
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 | $43.2k | $21.60 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $40.8k | $20.39 |
| − OpEx | −$12.2k | −$6.12 |
| NOI | $28.5k | $14.27 |
2,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 5.89%
Second Best
Warehouse
$210.7K
$184.4K – $245.8K
NOI $14,749 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Economy Wheel Alignment — 304 N 23rd St, McAllen, TX 78501
- American Tire Distributors — 2900 w business highway 83, McAllen, TX 78501
- Lino's Automatic Transmission Service — 214 N 29th St, McAllen, TX 78501
- Lightning Auto Service — 2736 Ash Ave, McAllen, TX 78501
- REMCO AUTOMATIC TRANSMISSIONS PARTS — 301 N 23rd St, McAllen, TX 78501
FAQs
What type of property is this?
Auto shop - Downtown McAllen commercial building suitable for owner-user or investment.
Where is this auto shop located?
The property is located at 411 W Business 83 McAllen, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Located in the heart of downtown McAllen business community.; Great opportunity for an Owner‑User to occupy the building.; Lobby/showroom with connected small warehouse.
