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

    2825 Nolana Ave McAllen, TX 78504

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9872238
    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

    • Jersey Mike's Subs / Sandwich Shop / Takeout Restaurant
    • Dunkin' / Takeout Restaurant / Bagel Shop

    Property Details for 2825 Nolana Ave

    Property type
    Commercial real estate

    Description

    This exceptional 20,901.83 square foot commercial land parcel presents a unique investment opportunity in McAllen, Texas. Located at the highly visible southeast corner of Nolana Avenue and 29th Street, this single-tenant site boasts maximum exposure and easy accessibility. The property is situated in a thriving commercial area, benefiting from significant foot and vehicle traffic generated by adjacent businesses including Dunkin' Donuts and Jersey Mike's. The area also features a concentration of established national brands such as Wal-Mart, Chick-fil-A, McDonald's, Chase Bank, Jack in the Box, and BlueWave Carwash, ensuring a strong customer base and high visibility for any new development. This build-to-suit land offers a blank canvas for a variety of commercial ventures, taking advantage of the high traffic counts and established commercial presence. The property's APN is A612000000001A00. The site is zoned for commercial use and offers a total of 20,901.83 square feet of land. This is an ideal location for businesses seeking high visibility and convenient access in a rapidly growing area of McAllen. Don't miss this chance to secure a prime location in a bustling commercial corridor.

    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
    -98.2472085
    Latitude
    26.2405213

    Comparable in this City

    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location; versatile commercial space.
      7701 29Th St, McAllen, TX 78504
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    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location, 1.45 acres, 1320 sq ft.
      7701 29Th St, McAllen, TX 78504
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    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location, 1.45 acres, ample parking.
      7701 29Th St, McAllen, TX 78504
      View Details
    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen Location: Office, Retail, Land
      7701 29Th St, McAllen, TX 78504
      View Details
    • Contact for pricing
      41,138 SF

      Nolana Retail Center Investment

      Prime McAllen retail space, 7 suites available.
      0 Nolana Loop & 29 St Nolana, McAllen, TX 78504
      View Details
    • $16 SF/Yr
      2,580 SF

      McAllen Commercial Land - 10,840 SF

      Prime McAllen commercial land, single-tenant building.
      4428 Mccoll Rd, McAllen, TX 78504
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    Similar Nearby for Sale

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      McAllen Commercial Land - $395K

      High-visibility lot, ideal for development.
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    • $2,500,000
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      McAllen Commercial Land - $2.5M

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      McAllen, TX - 77.76 Acres

      Prime McAllen Land - Development Opportunity
      0 Rooth Rd, McAllen, TX 78504
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    • $875,000
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      McAllen Commercial Land - $875K

      Prime Texas land, 6,960 sq ft building, ideal for church.
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    • $391,500
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      McAllen Commercial Land - $391,500

      0.62-acre lot, ready to build.
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    Similar Nearby for Lease

    • $31 SF/Yr
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      McAllen Retail Space - 7001 N 10th

      Prime McAllen retail space, high traffic location.
      7001 10Th St, McAllen, TX 78504
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    • $24 SF/Yr
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      Nolana Avenue Executive Office Suite

      McAllen Office Space - All-Inclusive Lease
      315 Nolana Ave, McAllen, TX 78504
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    • $0.47 SF/Yr
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      McAllen Executive Office Space

      Prime Office, 2100 sq ft, 7 Parking
      5401 10Th St, McAllen, TX 78504
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    • $0.11 SF/Yr
      53,651 SF

      McAllen Executive Office Space

      Prime McAllen Office, 53,651 sq ft
      5401 10Th St, McAllen, TX 78504
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    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location; versatile commercial space.
      7701 29Th St, McAllen, TX 78504
      View Details
    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location, 1.45 acres, 1320 sq ft.
      7701 29Th St, McAllen, TX 78504
      View Details
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    2825 Nolana Ave
    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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