8900 Ware Rd Mcallen, TX 78504-5882
- Auto shops
- 2,370 SF
- 5.00 lot acres
Current Use by Public Records
- Big H Customs / Car Repair And Maintenance Service
Property Details for 8900 Ware Rd
- Year built
- 1988
- Lot size
- 5.00 lot acres
- Property size
- 2,370 SF
- Property type
- Auto shops
- APN
- P8500-00-000-0208-04
- APU
- P850000000020804
Description
This exceptional 5-acre commercial property, located at 8900 N Ware Road, McAllen, Texas 78504, presents a significant investment opportunity. Built in 1988, this multi-use land (residential and commercial) offers immediate income potential with a current month-to-month tenant paying $2,300 per month for partial front use. The remaining acreage benefits from agricultural exemption, resulting in annual property taxes of only $4,789. The property's dimensions are 165 feet by 1320 feet, providing ample space for various development projects. Its strategic location off Ware and Trenton Roads in Hidalgo County offers excellent accessibility and visibility. This prime location is ideal for a variety of uses, including residential development or expansion of commercial ventures. The existing tenant provides a steady cash flow while the potential for future development promises substantial returns. This is a rare opportunity to acquire a large tract of land in a rapidly growing area with significant upside potential. Don't miss out on this chance to secure a valuable asset in the thriving McAllen market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $460,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $425,000
- Mixed-Use
- $430,000
- Hospitality
- $515,000
- Educational
- $510,000
- Residential Income
- $480,000
- Energy
- $545,000
- Income-Based Land
- $540,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2461
- Latitude
- 26.2858
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
