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    717 E Ridge Rd E McAllen, TX 78503
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    717 E Ridge Rd E McAllen, TX 78503

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    • Commercial land
    For Sale
    $1,529,000
    View Listing →
    Prime Commercial Land Available For Sale
    $1,529,000

    Prime Commercial Land Available

    Commercial land suitable for retail, restaurant, banking, and hospitality.

    717 E Ridge Road E, Mcallen, TX 78503
    View Listing
    Property ID
    US82-0899161
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grupo Solis / Law Firm

    Property Details for 717 E Ridge Rd E

    Property type
    Commercial land
    Property subtype
    Agricultural land / Farmland

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.214566
    Latitude
    26.185174

    Comparable in this City

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      Established Restaurant in High Traffic

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      Commercial Land Near Expressway

      One acre of developed commercial land near McAllen Airport.
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      McAllen Land Near Medical Center

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      Vacant Lot in McAllen, TX

      Vacant lot in a great McAllen location. 7,792 sq ft.
      4709 Savannah Ave, McAllen, TX 78503
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      Prime Land Parcel in McAllen

      2.68 acres of land with high visibility and access.
      901 E Rdg Ave, McAllen, TX 78503
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      Commercial Land on Dicker Rd

      Located near retail stores and restaurants on Dicker Rd.
      Dicker Rd, McAllen, TX 78503
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    Similar Nearby for Sale

    • $5,000,000
      13,585 SF

      Established Restaurant in High Traffic

      Well-established restaurant in McAllen, TX, near hotels and airport.
      601 Expressway 83 W, McAllen, TX 78503
      View Details
    • Contact for pricing
      11,936 SF

      Commercial Land Near Expressway

      One acre of developed commercial land near McAllen Airport.
      2202 23Rd St, McAllen, TX 78503
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    • $1,199,000

      McAllen Land Near Medical Center

      2.27 acre tract near McAllen's medical center area.
      Toronto & Peking, McAllen, TX 78503
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    • $125,000
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      Vacant Lot in McAllen, TX

      Vacant lot in a great McAllen location. 7,792 sq ft.
      4709 Savannah Ave, McAllen, TX 78503
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      Prime Land Parcel in McAllen

      2.68 acres of land with high visibility and access.
      901 E Rdg Ave, McAllen, TX 78503
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      Commercial Land on Dicker Rd

      Located near retail stores and restaurants on Dicker Rd.
      Dicker Rd, McAllen, TX 78503
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      14,072 SF

      McAllen Retail Plaza Space Available

      Retail and medical office spaces for lease near Expressway 83.
      2000 S Mccoll Rd, McAllen, TX 78503
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      12,500 SF

      Mixed-Use Lifestyle Center Available

      Mixed-use center with retail, restaurant, and entertainment options.
      3501 Expressway 83 W, McAllen, TX 78503
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      Retail Spaces with Central Lawn

      Retail spaces available on a 25+ acre main street.
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    • $11,122 /Mo

      Restaurant Space Near La Plaza

      Restaurant space for rent in front of a major mall.
      2011 S 10Th St, McAllen, TX 78503
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      Sharyland Plantation Commercial Space Available

      Premium location suitable for retail, office, or light industrial use.
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      Prime Land for Lease

      Commercial land available for lease in high-traffic retail corridor.
      1501 Expressway 83 W, McAllen, TX 78503
      View Details
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    717 E Ridge Rd E
    McAllen, TX 78503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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