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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Sports & entertainment properties
601 Nolana Ave Mcallen, TX 78504-2569
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-3968647
Property summary
AI-generated overview
This exceptional 7,589.89 square foot commercial property, located at 601 E Nolana Avenue in McAllen, Texas (zip code 78501), presents a unique build-to-suit opportunity. Designated as a single-tenant property, this land parcel offers significant potential for development. The site boasts excellent visibility along N. McColl Road, providing high exposure for any new construction. The 0.17-acre lot is partially fenced and situated conveniently near an existing strip center, east of suite D. Plans allow for the construction of a 7,500 square foot building. Ample parking is available, with a total of 100 spaces provided. The property is classified as Land, Office, and Retail, and is suitable for executive office use. The APN is N290000000000300. The asking price is $25 per square foot per year, with lease terms negotiable based on the tenant's requirements. This prime McAllen location offers a compelling investment opportunity for businesses seeking a high-visibility presence in a thriving market.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1999
Total area
11,401 SF
Lot
1.72 ac (74,801 SF)
Zoning code
CO
APN
N2900-00-000-0001-00
UPID
US82-3968647
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
-
El Pollo Loco Take-out & Catering Catering Service
-
Vindor Falls Event Center Hotel & Motel Resort
-
UMOS Administrative Headquarters Corporate Office
-
Head Start Church
-
KYOCERA DOCUMENT SOLUTIONS SOUTHWEST Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$855k
Owner & transaction history
3bu Family Limited Partnership · 4 yrs held
3bu Family Limited Partnership
since 2021
6 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+79.2%
Medical building
$1.1M
+51.4%
Neighborhood: shopping center
$1.1M
+48.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mcallen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcallen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$735,000
Current use
OFFICE BUILDING
$1,320,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$1,115,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,090,000
Change: +48% · Conversion: Difficult
RESTAURANT
$1,090,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,400
Tax year 2022
Assessed value
$1,720,000
Assessed 2023
Previous assessed
$1,720,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,365,100
Assessed improvement
$354,900
Land market value
$1,365,100
Improvement market value
$354,900
Total market value
$1,720,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,401 SF
Lot
1.72 ac (74,801 SF)
Zoning code
CO
APN
N2900-00-000-0001-00
UPID
US82-3968647
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TX
Zoning CO · permitted uses
CO · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcallen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$890,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
3bu Family Limited Partnership
Entity
Free & Clear · 4 yrs held
Mailing address
533 N ALAMO RD, ALAMO, TX 78516-2307
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
3bu Family Limited Partnership
Wilkins Investment Ltd
Warranty Deed
—
Mar 21, 2017
—
Wilkisn Investment Ltd
Frank Moreno
Venders Lien
$975,000 · Plainscapital Bank
Sep 1, 2006
—
Frank Moreno
Flamingo Plaza Ltd
Warranty Deed
$1,400,000 · Flamingo Plaza Ltd
—
—
Flamingo Plaza Ltd
—
Deed Of Trust
related
$900,000 · Lone Star National Bank
—
—
Wilkins Investment Ltd
—
Loan Modification
related
$917,193 · Plainscapital Bk
—
—
Wilkins Investment Ltd
—
Loan Modification
related
$917,193 · Plainscapital Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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