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Property profile

5700 N Ware Rd McAllen McAllen, TX 78504

Auto shops
Property ID
US82-5448637
View Sample
2,208 SF 0.5 ac lot Built 2011
Entity Owned 2-yr Hold ~ Est. High Equity
5700 N Ware Rd,Unit McAllen, McAllen, TX 78504 For Sale
$1,350,000 2,208 SF
5700 N Ware Rd,Unit McAllen, McAllen, TX 78504
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Property summary

AI-generated overview

This exceptional commercial property, located at 5700 N Ware Road, McAllen, Texas, 78504, presents a compelling investment opportunity. Situated on a substantial 21,600.96 square foot lot, this two-story building was constructed in 2011 and boasts a prime corner location at the intersection of Dove and Ware Roads, adjacent to a Stripes convenience store. The property currently houses a thriving Pronto Lube oil service business, fully equipped with four oil tanks, oil pumps, a car lift, and an additional garage space, ready for immediate operation or customization. The building also includes a well-appointed owner's suite, a welcoming customer lobby, and two full bathrooms. Adding to its income-generating potential, a separate business suite is currently leased to a beauty salon, providing immediate rental income. This versatile property offers a unique blend of established business operations and rental income streams, making it an ideal investment for discerning buyers seeking a high-return asset in a desirable McAllen location. The asking price for this exceptional property is $1,500,000. This is a rare opportunity to acquire a turnkey commercial property with significant upside potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2011
Total area 2,208 SF
Lot 0.5 ac (21,601 SF)
APN L1985-00-000-0001-00
UPID US82-5448637

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
  • Auto Repair Shop
  • Insurance Agency
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2015
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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