Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    806 16Th 1/2 St McAllen, TX 78501
    Property profile & analytics

    806 16Th 1/2 St, McAllen, TX 78501

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 806 16Th 1/2 St

    Year built
    2009
    Property type
    Specialty properties

    Description

    This 2009-built commercial property in downtown McAllen, Texas, presents a compelling investment opportunity. Located at 806 S 16 1/2 Street, 78501, this special-purpose building currently houses a thriving flower shop, offering a turnkey business operation with a beautiful display area, workspace, and storage. The existing flower shop provides immediate income potential, while a separate, leasable unit offers additional revenue streams. This unit provides ample space suitable for various businesses, such as offices or retail. The property's prime downtown McAllen location ensures high visibility and accessibility. The asking price is $450,000. This property is situated in Hidalgo County and offers a unique blend of established business and rental income potential, making it an attractive investment for savvy buyers seeking a strong return. The building's modern construction (2009) minimizes immediate maintenance needs, allowing for a smooth transition and immediate revenue generation. This is a rare opportunity to acquire a profitable, established business with significant upside potential in a vibrant Texas city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2388
    Latitude
    26.1968

    Comparable in this City

    • Value Estimation by Request
      17.47 Acres

      1324 Primrose Ave

      Specialty properties
      1324 Primrose Ave, McAllen, TX 78501
      View Details
    • Value Estimation by Request
      2,400 SF

      4321 Pecan Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      4321 Pecan Blvd, Mcallen, TX 78501-3616
      View Details
    • Value Estimation by Request
      2.77 Acres

      4301 Jackson Rd

      Specialty properties
      4301 Jackson Rd, McAllen, TX 78501
      View Details
    • Value Estimation by Request
      7,165 SF

      1901 Pecan Blvd

      FUNERAL HOME
      1901 Pecan Blvd, Mcallen, TX 78501-6730
      View Details
    • Value Estimation by Request

      764 Boca Chica Blvd

      Specialty properties
      764 Boca Chica Blvd, McAllen, TX 78501
      View Details
    • Value Estimation by Request
      5,284 SF

      520 Ash Ave

      FUNERAL HOME
      520 Ash Ave, Mcallen, TX 78501-2558
      View Details

    Similar Nearby for Sale

    • $650,000
      Pending

      McAllen Commercial Property For Sale

      Commercial property in McAllen, TX, ideal for small businesses.
      2916 N Taylor Rd, McAllen, TX 78501
      View Details
    • $2,500,000
      14,000 SF

      Corner Lot in McAllen, TX

      Corner lot in McAllen, TX, suitable for commercial use.
      120 S Broadway St, McAllen, TX 78501
      View Details
    • $689,000
      606 SF

      Prime Commercial Property, McAllen, TX

      Commercial property in the heart of McAllen, high-traffic location.
      2701 W Business 83, McAllen, TX 78501
      View Details
    • $695,000
      2,790 SF

      McAllen Turnkey Investment Opportunity

      Established laundromat with rental offices in high-traffic area.
      809 N Ware Rd, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Assisted Living Conversion Opportunity

      8,040 SF McAllen building suitable for various commercial uses.
      4513 W Us Highway 83, McAllen, TX 78501
      View Details
    • $525,000

      Former Bar with Event Potential

      Spacious lot ideal for weddings, dining, or live music.
      407 S 17Th St, McAllen, TX 78501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,054 SF

      Prime Office Space, McAllen

      Exceptional office space for lease in a vibrant McAllen location.
      1524 North Mccoll Rd, McAllen, TX 78501
      View Details
    • $2,500 /Mo
      1,535 SF

      McAllen Commercial Space Sublease

      Prime McAllen location with offices and warehouse space available.
      421 N 10Th St, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Retail/Office Space Available

      Versatile space in prime location near Expressway, ideal for various uses.
      906 E Us Highway 83, McAllen, TX 78501
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Premier commercial space suitable for retail or office ventures.
      1001 N Jackson Rd, McAllen, TX 78501
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on S 10th

      Retail opportunity near Expressway 83 and S 10th Street.
      802 S 10Th St, McAllen, TX 78501
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with multiple pad sites.
      3304 Kerria Ave, McAllen, TX 78501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    806 16Th 1/2 St
    McAllen, TX 78501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    806 16Th 1/2 St, McAllen, TX, 78501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!