5400 Ware RdMcAllen, TX 78504

Property Details for 5400 Ware Rd

Year built

2015

Lot size

0.09 AC

Property size (Sq ft)

1,020 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

P7361-00-000-0020-00

APU

P736100000002000

Description

This exceptional 1,020 square foot commercial space, located at 5400 N Ware Road #30 in North McAllen, presents a fantastic opportunity for retail or office use. Situated on a 3,739.19 square foot lot with ample parking (80 spaces), this single-tenant property boasts a prime location off the newly expanded Ware Road and Dove Avenue. The open-concept layout features one bathroom and benefits from a fully equipped security system. The attractive rental rate of $1850 is a base rent that includes NNN expenses, meaning only utilities (water, cable, alarm, and electricity) are the tenant's responsibility. The property offers excellent visibility with ample space for prominent signage. This high-traffic area sees approximately 22,600 vehicles daily, according to 2022 TXDOT traffic counts, ensuring significant exposure for your business. The property's APN is P736100000003000. Don't miss this chance to secure a well-located, affordable, and functional space in a thriving McAllen neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $206,048

  6.5%

  $190,198

  7%

  $176,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,649

  Geo Method

  $584,175

• Alternative Use

  Use

  Valuation

  Residential

  $160,439

  Hospitality

  $146,962

  Educational

  $122,270

  Medical

  $126,475

  Retail

  $190,198

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2554

Longitude

-98.2529

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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