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    10701 Ware Rd McAllen, TX 78504

    Sponsored
    For Sale
    $1,750,000

    2.8 Acres, Warehouses, & Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional McAllen, Texas property presents a compelling investment or business opportunity. Spanning 2.81 acres in Hidalgo County (zip code 78504), the site boasts two substantial metal warehouses built in 1992, totaling 19,800 square feet of warehouse space. Warehouse #1 offers 10,000 square feet, including offices, production space, and private bathrooms, with 15-foot ceilings, four dock doors, and three-phase electricity. Warehouse #2 comprises 9,800 square feet, a private bathroom, six dock doors, and a carport. Currently, all warehouse space (16,400 sq ft total) and a separate, recently renovated 4-bedroom, 4,094-square-foot home are leased, generating income. The home, built in 1975, features an inground pool with a covered screen, mature landscaping, and a private fenced yard on 1.37 acres. The property's location within the McAllen ETJ and county jurisdiction offers versatility for various business uses. The asking price is $1,750,000. This turnkey operation provides immediate income and significant potential for future growth. The property is situated at 10701 N Ware Road, McAllen, TX.

    Property Features for 10701 Ware Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    122,578 SF

    Building Details

    Year Built
    1992

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    Listing Contact
    Hope Verdi
    Hope Verdi

    Learn more

    HighLights

    • $1,750,000 asking price.
    • 2.814‑acre lot in McAllen, TX.
    • Property includes two metal warehouses totaling 19,800 square feet, built in 1992.
    • Includes a 4,094 square foot, newly renovated home on a separate 1.37 acres.
    • 16,400 square feet of warehouse space currently leased, along with the residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Earthsome Labs Manufacturer

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Department Store Bar & Pub Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2499391
    Latitude
    26.3043866

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    FAQs

    What type of property is this?
    Distribution property - 2.8 Acres, Warehouses, & Home
    Where is this distribution property located?
    The property is located at 10701 Ware Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price.; 2.814-acre lot in McAllen, TX.; Property includes two metal warehouses totaling 19,800 square feet, built in 1992.
    Request Owner's contact information
    10701 Ware Rd McAllen, TX 78504
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10701 Ware Rd McAllen, TX 78504
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    Listing Contact
    Hope Verdi
    Hope Verdi
    Learn more
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