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    5700 Ware Rd McAllen, TX 78504

    For Sale
    $1,500,000

    Income-producing, versatile commercial property in McAllen, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 5700 N Ware Road, McAllen, Texas, 78504, presents a compelling investment opportunity. Situated on a substantial 21,600.96 square foot lot, this two-story building was constructed in 2011 and boasts a prime corner location at the intersection of Dove and Ware Roads, adjacent to a Stripes convenience store. The property currently houses a thriving Pronto Lube oil service business, fully equipped with four oil tanks, oil pumps, a car lift, and an additional garage space, ready for immediate operation or customization. The building also includes a well-appointed owner's suite, a welcoming customer lobby, and two full bathrooms. Adding to its income-generating potential, a separate business suite is currently leased to a beauty salon, providing immediate rental income. This versatile property offers a unique blend of established business operations and rental income streams, making it an ideal investment for discerning buyers seeking a high-return asset in a desirable McAllen location. The asking price for this exceptional property is $1,500,000. This is a rare opportunity to acquire a turnkey commercial property with significant upside potential.

    Property Features for 5700 Ware Rd

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2011

    HighLights

    • Prime corner lot at Dove & Ware Roads, McAllen, TX.
    • 21,600.96 sq ft lot, two‑story building constructed in 2011.
    • Turnkey Pronto Lube business with four oil tanks, pumps, lift, and garage.
    • Separate leased beauty salon suite providing additional rental income.
    • Owner's suite, customer lobby, and two full bathrooms.
    • Asking price: $1,500,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pronto Lube & Tune Oil Change Service Hernandez Insurance Insurance Agency Johnnys Hair Saln Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2525555
    Latitude
    26.2571395

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    FAQs

    What type of property is this?
    Retail property - Income-producing, versatile commercial property in McAllen, TX.
    Where is this retail property located?
    The property is located at 5700 Ware Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime corner lot at Dove & Ware Roads, McAllen, TX.; 21,600.96 sq ft lot, two-story building constructed in 2011.; Turnkey Pronto Lube business with four oil tanks, pumps, lift, and garage.
    Request Owner's contact information
    5700 Ware Rd McAllen, TX 78504
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    Realmo Value Estimation

    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.

    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.

    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
    5700 Ware Rd McAllen, TX 78504
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