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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1328 Hackberry Ave Mcallen, TX 78501-5753

    • Warehouses
    • 46,875 SF
    • 2.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1204870
    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.

    Current Use by Public Records

    • ARI / Contractor / Construction Company
    • Standard Supply McAllen Branch / Wholesaler / Distribution Service
    • Grocery South Texas LP / Grocery Store / Stone Supplier
    • Secobasa Mexican Groceries LLC / Grocery Store

    Property Details for 1328 Hackberry Ave

    Year built
    1982
    Lot size
    2.69 lot acres
    Property size
    46,875 SF
    Zone code
    CO
    Property type
    Warehouses
    APN
    H0460-00-000-0003-00
    APU
    H046000000000300

    Description

    This exceptional Class A industrial warehouse, located at 1328 E Hackberry Ave in McAllen, Texas, 78501, offers a versatile 6,194 square foot space ideal for various business needs. The unit comprises approximately 3,822 square feet of warehouse space, complemented by 962 square feet of office area and a 1,410 square foot air-conditioned showroom. The property boasts a 16-foot clear height, durable concrete tilt walls, and ample parking with 5 designated car spaces. Access is facilitated by one dock-high door (currently under construction) and one grade-level door, ensuring efficient loading and unloading. The warehouse is strategically situated within the Hackberry Industrial area, providing convenient access to major transportation arteries. Its proximity to Interstate 2 and Interstate 69 offers seamless connectivity throughout the region. The total building size is 45,069 square feet, and this listing represents one available space within a multi-tenant building. This property presents a unique opportunity to establish or expand your business in a prime McAllen location. The address is easily accessible and benefits from excellent visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,973,000
      Market price range: $1.59M - $2.85M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,095,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,595,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2051
    Latitude
    26.2069
    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
    $38,890
    $701,760
    $1,161,405
    $1,863,165
    -
    $701,760
    $1,161,405
    $1,863,165

    Comparable in this City

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      44,928 SF

      1305 Pecan Blvd

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      View Details
    • Value Estimation
      $3,155,000
      46,000 SF

      1201 Jackson Rd

      WAREHOUSE, STORAGE • 46,000 SF
      1201 Jackson Rd, Mcallen, TX 78501-5760
      View Details
    • Value Estimation by Request

      1020 Ash Ave

      Distribution properties
      1020 Ash Ave, McAllen, TX 78501
      View Details
    • Value Estimation
      $925,000
      14,400 SF

      3129 Mccoll Rd

      WAREHOUSE, STORAGE • 14,400 SF
      3129 Mccoll Rd, Mcallen, TX 78501-5540
      View Details
    • Value Estimation by Request
      5,800 SF

      520 23rd St

      WAREHOUSE, STORAGE • 5,800 SF
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      View Details
    • Value Estimation
      $925,000
      18,820 SF

      1209 Pecan Blvd, Unit 2

      WAREHOUSE, STORAGE • 18,820 SF
      1209 Pecan Blvd, Mcallen, TX 78501-5718
      View Details

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    Similar Nearby for Lease

    • $1.20 SF/Yr
      10,800 SF

      McAllen Flex Space Available

      Flex space available with overhead door in McAllen, TX.
      1401 E Hackberry Ave, McAllen, TX 78501
      View Details
    • $1.50 SF/Yr
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    • Contact for pricing
      16,000 SF

      McAllen Flex Space For Lease

      Spacious flex space available for lease in McAllen, Texas.
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    • $65 SF/Yr
      400 SF

      Fenced Storage Yard For Lease

      One-acre fenced storage yard suitable for vehicle or equipment storage.
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    • $15 SF/Yr
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      McAllen Flex Space Available

      Flex space available for rent in McAllen, Texas.
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    • Contact for pricing
      3,000 SF

      McAllen Industrial Space Available

      3,000 square feet of industrial space for lease.
      224 N Mccoll Rd, McAllen, TX 78501
      View Details
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    1328 Hackberry Ave
    Mcallen, TX 78501-5753
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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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