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Property profile & analytics
OFF-MARKET
Office buildings

505 Nolana Ave Mcallen, TX 78504-3029

1,500 SF 0.14 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
Property ID
US82-4369062
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • American Diabetes Association Charitable Organization Social Service Agency
  • PANTHER TAX PROS Tax Preparation
  • Set Apart Barber shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dera LLC · 4 yrs held
Dera LLC
since 2021
2 recorded transactions
2021
Price N/A
2010
Price N/A
Zoning & alternative use
C-3 · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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