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    501 10Th St McAllen, TX 78501

    For Sale
    Contact for pricing

    Profitable 75-key motel, prime location.

    Property size:
    28,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a profitable 75-key motel, the Siesta Inn, ideally situated in McAllen, Texas. Boasting a prime location on South 10th Street, this property is in the heart of McAllen's economic activity, close to downtown. The 28,400 square foot motel, built in 1980 and extensively renovated in 2022, sits on a 1.62-acre lot and comprises two buildings. The property's 75 keys offer significant income potential, with strong financial performance in 2022. Its central location provides easy access to numerous nearby amenities, including Santa Fe Steakhouse, Macy's, Dillard's, PNC Bank, Suerte Bar & Grill, Wings & Rings, Mori, Yard House, Armani Exchange, De Jarvis, Taco Palenque, and Pollo Palenque. This turnkey opportunity is perfect for investors seeking a well-established, recently updated hospitality asset in a thriving Texas market. The property's APN is S6050-00-000-0002-05. This is a ground lease-free property. All inquiries should be directed through the appropriate channels. Please refrain from visiting the property or contacting staff.

    Property Features for 501 10Th St

    General Information

    Property type
    Motels
    Square Feet
    28,400 SF

    Building Details

    Year Built/Renovated
    1980/2022
    Buildings
    2

    HighLights

    • Strong rental income stream.
    • Prime location in a high‑demand area.
    • Recently renovated with modern finishes and upgrades.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TitleMax Title Loans Loan Agency Siesta Inn McAllen Motel Matador, Mc Allen Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2304284
    Latitude
    26.1988386

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    FAQs

    What type of property is this?
    Motel - Profitable 75-key motel, prime location.
    Where is this motel located?
    The property is located at 501 10Th St McAllen, TX.
    What are key features of this property?
    This property features: Strong rental income stream.; Prime location in a high-demand area.; Recently renovated with modern finishes and upgrades.
    Request Owner's contact information
    501 10Th St McAllen, TX 78501
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    McAllen, TX 78501
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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
    501 10Th St McAllen, TX 78501
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