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    Property profile & analytics

    2250 Nolana Ave McAllen, TX 78504

    • Banks
    • 6,068 SF
    • 0.60 lot acres
    For Lease
    View listing
    Value Estimations
    $360,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2494798
    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

    • BBVA Bank / Bank / Atm

    Property Details for 2250 Nolana Ave

    Year built
    1975
    Lot size
    0.60 lot acres
    Property size
    6,068 SF
    Zone code
    CG
    Property type
    Banks
    APN
    N3040-00-000-0002-00
    APU
    N304000000000200

    Description

    This exceptional 8,949-square-foot retail property presents a unique investment opportunity in the thriving McAllen, Texas market. Previously a bank branch, this single-tenant building offers immediate occupancy with its entirely vacant space. Situated on a 0.6-acre lot, the property boasts unparalleled visibility due to its prime location at the northeast corner of West Nolana Avenue and North 23rd Street, a highly trafficked intersection controlled by a traffic signal. The building's former use as a bank suggests a robust structure, well-suited for a variety of retail uses. Its substantial size provides ample space for a large-scale retailer or the potential for subdivision into smaller units. The property's location within Hidalgo County, specifically in McAllen, TX, 78504, places it within a dynamic commercial corridor, benefiting from high consumer traffic and strong economic activity. The address is 2250 W Nolana Ave. This is an exceptional opportunity to acquire a well-positioned retail space in a rapidly growing Texas city. The property's size and location make it ideal for a variety of retail businesses seeking high visibility and accessibility. The vacant status allows for immediate customization and occupancy, minimizing downtime and maximizing return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $350,000
      Market price range: $351k - $629k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $515,000
      Current use
      MEDICAL BUILDING
      $595,000
      Change: +15% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $580,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $580,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $480,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $470,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2389
    Latitude
    26.241
    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
    $21,637
    $315,816
    $766,039
    $1,081,855
    -
    $315,816
    $766,039
    $1,081,855

    Comparable in this City

    • Value Estimation
      $705,000
      8,876 SF

      120 Nolana Ave

      FINANCIAL BUILDING • 8,876 SF
      120 Nolana Ave, Mcallen, TX 78504-2508
      View Details
    • Value Estimation
      $825,000
      12,814 SF

      600 Nolana Ave

      FINANCIAL BUILDING • 12,814 SF
      600 Nolana Ave, Mcallen, TX 78504-2649
      View Details
    • Value Estimation
      $405,000
      4,916 SF

      5515 10th St

      FINANCIAL BUILDING • 4,916 SF
      5515 10th St, Mcallen, TX 78504-2714
      View Details
    • Value Estimation
      $490,000
      4,936 SF

      5601 10th St

      FINANCIAL BUILDING • 4,936 SF
      5601 10th St, Mcallen, TX 78504-2602
      View Details
    • Value Estimation
      $345,000
      1,857 SF

      4120 Mccoll Rd

      FINANCIAL BUILDING • 1,857 SF
      4120 Mccoll Rd, Mcallen, TX 78504-2687
      View Details
    • Value Estimation
      $295,000
      3,847 SF

      5201 23rd St

      FINANCIAL BUILDING • 3,847 SF
      5201 23rd St, Mcallen, TX 78504-4010
      View Details

    Similar Nearby for Sale

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      Turnkey Salon in High-Traffic Area

      Ready-to-operate salon with rental suites and expansion potential.
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      Prime Retail Corridor Property

      Located in McAllen's premier retail corridor with high visibility.
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      25,000 SF

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    Similar Nearby for Lease

    • Contact for pricing
      41,138 SF

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      Prime McAllen retail space, 7 suites available.
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      View Details
    • Contact for pricing
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      Retail Space in North McAllen

      1,782 SF retail space in a busy shopping center.
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      View Details
    • Contact for pricing
      2,056 SF

      Retail Space in High-Traffic Area

      Retail space available in a Walmart shadow-anchored shopping center.
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      View Details
    • Contact for pricing
      2,550 SF

      Retail Space on 2nd Street

      Highly visible retail space with ample parking and signage.
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    • $5,553 /Mo
      1,920 SF

      Upscale Retail Space in McAllen

      Prime location in Trenton Palms Shopping Center, McAllen, Texas.
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      View Details
    • $1,350 /Mo
      1,080 SF

      High-Visibility Retail/Office Space Available

      Prime McAllen location suitable for retail or office-focused businesses.
      2409 Buddy Owens Ave, McAllen, TX 78504
      View Details
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    McAllen, TX 78504
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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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