Technical
Financial
Distress signals
Property profile

505 W Nolana Ave McAllen McAllen, TX 78504

FOR SALE
Office buildings
Property ID
US82-4369062
1,500 SF 0.14 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
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505 W Nolana Ave,Unit McAllen, McAllen, TX 78504 For Sale
$329,000 1,500 SF
505 W Nolana Ave,Unit McAllen, McAllen, TX 78504
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Property summary

AI-generated overview

This exceptional 1,500 square foot commercial property, situated on a 0.13-acre lot at 505 W Nolana Avenue in the vibrant city of McAllen, Texas, presents a compelling investment opportunity. The building boasts a thoughtfully designed layout, perfect for a variety of commercial ventures. Three private offices offer ample space for individual work or team collaboration, while two bathrooms ensure convenience for employees and clients. A well-equipped kitchen area adds functionality, and a welcoming front lobby creates a positive first impression. The property's location in the heart of McAllen guarantees high visibility and easy accessibility, maximizing exposure to potential customers and clients. This prime location within McAllen offers significant advantages for businesses seeking to establish a strong presence in this thriving Texas city. The property's functional design, combined with its strategic location, makes it an ideal choice for entrepreneurs and established businesses alike, providing a solid foundation for growth and success. The asking price of $230,000 represents a significant value for a property of this caliber in such a desirable location. This is a rare opportunity to acquire a well-maintained and strategically positioned commercial property in the dynamic McAllen market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 1,500 SF
Lot 0.14 ac (6,090 SF)
Zoning code C-3
APN N2800-00-000-0043-00
UPID US82-4369062

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
  • Charitable Organization Social Service Agency
  • Tax Preparation
  • Barber Shop

Location

505 W Nolana Ave, Unit McAllen 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
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2010
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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