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    124 S Main St McAllen, TX 78501
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    Property profile & analytics

    124 S Main St McAllen, TX 78501

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    • Retail space
    • 10,378 SF
    • 0.16 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Retail Space on Main Street For Lease
    $26 SF/Yr
    1,200 SF

    Retail Space on Main Street

    Retail space available for rent on Main Street.

    124 S Main St, Mcallen, TX
    View Listing
    Property ID
    US82-3011255
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Omega Trading / Discount Store

    Property Details for 124 S Main St

    Year built
    1972
    Lot size
    0.16 lot acres
    Property size
    10,378 SF
    Property type
    Retail space
    APN
    M1950-00-012-0001-00
    APU
    M195000012000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $689,000
      Market price range: $501k - $1.46M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.235
    Latitude
    26.2026
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,330
    $84,350
    $432,136
    $516,486
    -
    $84,350
    $432,136
    $516,486

    Comparable in this City

    • Value Estimation by Request
      103,781 SF

      10th St. & Jackson Ave

      Individual retail properties • 103,781 SF
      10th St. & Jackson Ave, McAllen, TX 78501
      View Details
    • Value Estimation by Request
      240 SF

      415 16th St

      RETAIL STORES (PERSONAL SERVICES) • 240 SF
      415 16th St, Mcallen, TX 78501-5107
      View Details
    • Value Estimation
      $1,050,000
      22,410 SF

      300 Main St

      RETAIL STORES (PERSONAL SERVICES) • 22,410 SF
      300 Main St, Mcallen, TX 78501-4807
      View Details
    • Value Estimation by Request
      3,000 SF

      417 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      417 Main St, Mcallen, TX 78501-4911
      View Details
    • Value Estimation by Request
      1,247 SF

      502 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,247 SF
      502 Main St, Mcallen, TX 78501-4914
      View Details
    • Value Estimation by Request
      5,982 SF

      522 17th St

      RETAIL STORES (PERSONAL SERVICES) • 5,982 SF
      522 17th St, Mcallen, TX 78501-5213
      View Details

    Similar Nearby for Sale

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      Two Commercial Buildings in Downtown

      Two adjacent commercial buildings in a vibrant downtown district.
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    • Contact for pricing
      5,800 SF

      Downtown McAllen Retail/Office Space

      5,800 SF retail, office, or showroom in McAllen, TX.
      321-323 S Broadway St, McAllen, TX 78501
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    • $369,000
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      McAllen Bar/Restaurant/Retail Opportunity

      Prime downtown McAllen location for bar, restaurant, or retail.
      113 S 17Th St, McAllen, TX 78501
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    • $1,100,000
      3,060 SF

      McAllen Mixed-Use Corner Property

      Versatile 3,060 sq ft property suitable for business or residence.
      2929 N Ware Rd, McAllen, TX 78501
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    • $2,500,000
      14,975 SF

      Prime Corner Retail Opportunity

      Two buildings plus parking lot in downtown McAllen, TX.
      120 S Broadway St, McAllen, TX 78501
      View Details
    • $440,000
      2,790 SF

      McAllen Commercial Investment Opportunity

      Commercial building with retail space and rental income potential.
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    Similar Nearby for Lease

    • $1.80 SF/Yr
      2,070 SF

      Retail Space For Lease

      Retail space available for lease with street visibility.
      705 E Fir Ave, McAllen, TX 78501
      View Details
    • Contact for pricing
      2,320 SF

      Retail Space in Regional Center

      Endcap space available in high-traffic McAllen power center.
      1700 S 10Th St, 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
    • $25 SF/Yr
      7,538 SF

      New Plaza on Pecan Boulevard

      New plaza with suites for retail, office, or professional use.
      4217 Pecan Blvd, McAllen, TX 78501
      View Details
    • Contact for pricing
      15,000 SF

      Retail Pads Available For Lease

      Retail pads available for lease with multiple building options.
      1220 S Bentsen Rd, McAllen, TX 78501
      View Details
    • $3,870 /Mo
      1,800 SF

      Prime Retail/Office Corner Opportunity

      High-visibility retail or office space for lease in McAllen.
      3200 N Mccoll Rd, McAllen, TX 78501
      View Details
    View Listing
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    124 S Main St
    McAllen, TX 78501
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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
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    124 S Main St, McAllen, TX, 78501
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