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Property profile & analytics
FOR SALE
Commercial land

717 E Ridge Rd E McAllen, TX 78503

Property ID
US82-0899161
Property summary
AI-generated overview

This unique property is suitable for retail, restaurant, banking, hospitality, medical. 2021 population in 5 miles 140,000 (plus hundreds of thousands per year foreign shoppers). All major US banks have a presence in this area. High demand for restaurants targeting local and international consumers. FEMA flooding map shows the property OUT of flooding zones. Traffic at the property is 21,000 cars per day, while one block North on Expressway 83 is 127,000 CPD. All major retailers, food chains, banks, hospitals, La Plaza Mall, McAllen's International airport are within a short distance. The hotel's average annual occupancy in the area is extremely high due to consumers from out of the country. Two lots for this property ( lot 2 with 1.07 acres and lot 6 with 1.27 acres), current use: agricultural, zoned commercial. Adjacent parcels are available if the buyer is looking for a larger tract of land. video https://youtu.be/CZTa5jsLMoE

Property profile
Verified
Property type Commercial land
UPID US82-0899161
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
  • Grupo Solis Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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