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Property profile & analytics
FOR SALE
Grocery and convenience stores

1400 N Ware Rd McAllen, TX 78501

5,072 SF 1.42 ac lot Built 2022
Entity Owned 2-yr Hold Free & Clear
Property ID
US82-1567951
Property summary
AI-generated overview

This exceptional 1.268-acre commercial land parcel presents a compelling investment opportunity in McAllen, Texas. Located at 1400 N Ware Road, this property boasts approximately 201 feet of frontage and 295 feet of depth, offering significant development potential. Currently zoned C-3 General Business by the City of McAllen, the property includes a 2,854 square foot structure, sold as-is, with the sale price reflecting land value only. Prospective buyers are responsible for conducting thorough due diligence, including verifying zoning and obtaining necessary permits for their intended use. The strategic location adjacent to the northeast corner of Pecan/495 and Ware Road provides excellent visibility and accessibility. The area is characterized by a mix of residential (1-4 family subdivisions), retail, and educational institutions, including James "Nikki" Rowe High School (over 4,200 students) and South Texas College (approximately 31,000 students and 1,600 staff across six campuses). This prime location offers endless possibilities for commercial development, making it an ideal investment for discerning buyers. The property's 1977-built structure is not factored into the asking price of $1,100,000. The zip code is 78501.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2022
Total area 5,072 SF
Lot 1.42 ac (61,890 SF)
APN S0060-00-000-0001-00
UPID US82-1567951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$707k
Blend (final) Blend
$765k
Owner & transaction history
Mayflower Fefe LLC · 2 yrs held
Mayflower Fefe LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $700,000 +152.9%
Commercial (general) $570,000 +105.1%
Restaurant $560,000 +103.0%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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