Technical
Financial
Distress signals
Property profile

407 W Nolana Ave McAllen, TX 78504

FOR SALE
Office buildings
Property ID
US82-2577815
2,100 SF 0.14 ac lot Built 1979
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This McAllen, Texas property offers 12 suites in a single-story, 300-square-foot minimum divisible space, totaling 300 square feet to a maximum of 2,100 contiguous square feet within a 6,088-square-foot lot. Located at 407 W Nolana Ave, McAllen, TX 78501, this Class B building, constructed in 1979, is zoned RS and features ceramic flooring. The building is situated in a high-traffic area with diverse surrounding businesses, including medical centers and retail stores, providing excellent access to a wide range of clients and customers. Individual office spaces average 300 square feet, perfect for small businesses or professionals seeking a convenient and well-located workspace. The property offers a welcoming environment designed to impress clients and staff. This prime location provides a strategic advantage for networking and accessibility, fostering potential collaborations and partnerships. The available space is suitable for startups or established companies seeking expansion, offering a foundation for business growth and success. This is an exceptional opportunity to establish a business presence in a thriving commercial area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 2,100 SF
Lot 0.14 ac (6,090 SF)
Zoning code C-3
APN N2800-00-000-0056-00
UPID US82-2577815

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Travel Agency
  • Business Management Consultant
  • Insurance Agency
  • Hardware & Home Improvement Interior Design
  • Law Firm

Location

407 W Nolana Ave McAllen, TX 78504
McAllen metro Census 20910 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2020
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Mcallen, TX
Zoning description

The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally ch…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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