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    Property profile & analytics

    2717 32Nd St McAllen, TX 78501

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4849245
    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

    • HOGAR / Apartment Building

    Property Details for 2717 32Nd St

    Year built
    1976
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a three-unit apartment building situated in McAllen, Texas, at 2717 N 32nd Street, zip code 78501. Built in 1976, this property boasts a generous lot size of 8,699.80 square feet and comprises a single building. Currently, all three units are leased, providing immediate cash flow for the investor. The property's strategic location offers convenient access to Ware Road, numerous shopping centers, a variety of restaurants, and the South Texas College (STC). This makes it an attractive option for tenants and ensures high occupancy rates. The asking price for this triplex is $259,900. This property presents a compelling opportunity for investors seeking to expand their portfolio or undertake a flip project. Please note that a 72-hour notice is required for showings, as the property is currently tenant-occupied. Showings are to be scheduled through ShowingTime. The provided photos depict Unit A. This is a turnkey investment ready for a new owner. The property is located in Hidalgo County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2526988
    Latitude
    26.2320036

    Comparable in this City

    • $535,000

      McAllen 5-Plex Apartment Building

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      McAllen Duplex: Prime Location Investment

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    • $199,500
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      McAllen Multifamily Investment

      Four-unit apartment building, renovated
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      McAllen 3-Plex Investment Opportunity

      High-yield, fully leased 3-unit apartment building.
      2113 Dallas Ave, McAllen, TX 78501
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    • $495,000

      McAllen Fourplex: Prime Investment

      Four-unit apartment building, excellent rental income.
      412 49Th St, McAllen, TX 78501
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    • $345,000

      McAllen 6-Unit Apartment Complex

      High-yield McAllen apartment building, six units.
      525 20Th St, McAllen, TX 78501
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    Similar Nearby for Sale

    • $535,000

      McAllen 5-Plex Apartment Building

      Five-unit apartment building, excellent location.
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    • $259,900

      McAllen Duplex: Prime Location Investment

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      603 Bicentennial Blvd, McAllen, TX 78501
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    • $199,500
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      McAllen Multifamily Investment

      Four-unit apartment building, renovated
      109 Chicago Ave, McAllen, TX 78501
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    • $295,000

      McAllen 3-Plex Investment Opportunity

      High-yield, fully leased 3-unit apartment building.
      2113 Dallas Ave, McAllen, TX 78501
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    • $495,000

      McAllen Fourplex: Prime Investment

      Four-unit apartment building, excellent rental income.
      412 49Th St, McAllen, TX 78501
      View Details
    • $345,000

      McAllen 6-Unit Apartment Complex

      High-yield McAllen apartment building, six units.
      525 20Th St, McAllen, TX 78501
      View Details

    Similar Nearby for Lease

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      McAllen Commercial Land - Highway 83

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      Palms Crossing Retail Center

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      McAllen Retail Land Investment Opportunity

      Prime McAllen location, 2.76 acres, 170 parking spaces.
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    • $18 SF/Yr
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      McAllen Retail Space - 2,450 SF

      High-visibility retail space in prime McAllen location.
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    • $12,113 /Mo
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      McAllen Office Space Available

      Impressive office space in McAllen's industrial park zone.
      3101 W Military Hwy, McAllen, TX 78501
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    • 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
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    2717 32Nd 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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