407 Nolana AveMcAllen, TX 78501

Property Details for 407 Nolana Ave

Year built

1979

Lot size

0.14 AC

Property size (Sq ft)

2,100 SF

Zone code

C-3

Property type

Office buildings

APN

N2800-00-000-0056-00

APU

N280000000005600

Description

This McAllen, Texas property offers 12 suites in a single-story, 300-square-foot minimum divisible space, totaling 300 square feet to a maximum of 2,100 contiguous square feet within a 6,088-square-foot lot. Located at 407 W Nolana Ave, McAllen, TX 78501, this Class B building, constructed in 1979, is zoned RS and features ceramic flooring. The building is situated in a high-traffic area with diverse surrounding businesses, including medical centers and retail stores, providing excellent access to a wide range of clients and customers. Individual office spaces average 300 square feet, perfect for small businesses or professionals seeking a convenient and well-located workspace. The property offers a welcoming environment designed to impress clients and staff. This prime location provides a strategic advantage for networking and accessibility, fostering potential collaborations and partnerships. The available space is suitable for startups or established companies seeking expansion, offering a foundation for business growth and success. This is an exceptional opportunity to establish a business presence in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $288,583

  6.5%

  $266,384

  7%

  $247,357

• Comparable approach

  Method

  Valuation

  Relative Method

  $181,086

  Geo Method

  $477,267

• Alternative Use

  Use

  Valuation

  Residential

  $330,316

  Hospitality

  $302,568

  Educational

  $251,733

  Medical

  $260,391

  Retail

  $391,585

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.238

Longitude

-98.2178

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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