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Property profile & analytics
FOR SALE
Strip malls

809 N Ware Rd McAllen, TX 78501

2,790 SF 0.2 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US82-9855259
Property summary
AI-generated overview

This exceptional commercial property, located at 809 N Ware Road in McAllen, Texas, 78501, presents a lucrative investment opportunity. The 8,664.084 square foot lot houses a recently remodeled laundromat, strategically situated on one of McAllen's busiest thoroughfares. The laundromat boasts a complete set of brand-new equipment, including 18 washers and 18 dryers, supplemented by several commercial-grade units. Ample amenities cater to customer comfort and convenience, featuring numerous folding tables, laundry carts, two coin-operated machines, two vending machines, televisions, internet access, and a dedicated office space. Further income streams are generated by three additional offices available for lease. The property also includes designated parking spaces and a designated area suitable for a food truck operation. Built in 1998, this 24-hour operation demonstrates consistent monthly income growth. This turnkey business offers a compelling blend of established revenue and significant growth potential, making it an ideal acquisition for discerning investors seeking a high-return commercial venture in a prime McAllen location. The property's strong cash flow and prime location make it a highly desirable investment.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 2,790 SF
Lot 0.2 ac (8,664 SF)
Zoning code CO
APN V3470-01-000-0007-00
UPID US82-9855259
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
  • Road Assistance 24/7 Auto Repair Shop
  • All Valley Laundry (Bike/Boat/Book/etc) Store
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
Las Cruces Investments LLC · 4 yrs held
Las Cruces Investments LLC
since 2022
7 recorded transactions
2022
Price N/A
2021
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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