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Property profile & analytics
OFF-MARKET Estimated value $255,000
Retail space

318 Broadway St Mcallen, TX 78501-4802

3,455 SF 0.15 ac lot Built 1985
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US82-3277800
Property summary
AI-generated overview

This exceptional investment opportunity presents a prime retail property situated at the bustling intersection of Broadway and Dallas Streets in the heart of McAllen, Texas. The property, encompassing two legal descriptions, offers a total of eight individual retail spaces, totaling approximately 10,791 square feet. The building boasts a desirable tenant mix, ensuring consistent income potential. Constructed in 1985, the structure features a classic brick exterior with attractive glass storefronts, creating a welcoming and visible presence. The property's location on a prominent corner provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to major roadways. Furthermore, its strategic location places it within easy reach of numerous other retail establishments, banks, and restaurants, enhancing its appeal to both tenants and customers. The expansive 13,000 square foot lot provides ample space and potential for future development or expansion. This well-maintained property offers a compelling investment opportunity in a thriving Texas market. The addresses included are 314, 316, 318, and 320 South Broadway Street, and 1306, 1308, 1310, and 1312 Dallas Avenue, all within the 78501 zip code. The asking price for this exceptional property is $995,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 3,455 SF
Lot 0.15 ac (6,499 SF)
APN M1950-00-029-0002-00
UPID US82-3277800
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
Current use
Occupant on record · Public records
  • Dream Dress Boutique Clothing & Fashion Store
  • mayra ibarra Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k
Owner & transaction history
Said A Shuaib · 22 yrs held
Said A Shuaib
since 2004
5 recorded transactions
2017
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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