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    The Largest CRE Database in the US with Over 1 Million Listings

    4309 W Business 83 Hwy McAllen, TX 78501

    Sponsored
    For Sale
    $6,000,000

    COMMERCIAL - McAllen, TX

    Property size:
    27,750 SF
    Lot size:
    2.56 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 7 at 2:06 am

    Property Features for 4309 W Business 83 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    B254300000000100
    Parking
    10
    Appliances
    Electric Water Heater
    Size
    27,750 SF
    Lot size
    2.56 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2004
    Floors in Building
    1
    Building materials
    Aluminum Siding, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Martie Martinez

    Encore Fine Properties (956) 821-6170

    Listing agent Martie Martinez (956) 393-7365

    Listing date Jan 16, 2026

    MLS# 485568

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Facility with Athletic Gym

    This mixed-use commercial facility features a combination warehouse and fully equipped athletic gym/training center. The 29,550 square foot building sits on a 2.5+ acre lot. The property offers 22-foot clear ceiling height, four roll-up doors, HVAC throughout, and concrete floors. The layout is flexible and divisible. The gym area includes 22-foot ceilings, a full-size hardwood basketball court, a volleyball training area, a martial arts room, a weight training area with equipment, an incline ramp for training, private men's and women's restrooms, and a retail/office front area. Currently operating as a private athletic training center and vacant warehouse, this versatile property is ideal for sports/fitness, warehouse use, or redevelopment. The location along W. Bus. Hwy 83 offers convenient access on Bentsen Rd, with close proximity to Interstate Hwy 2, great visibility, and high traffic count. The property also includes a 2,684 square foot brick home, featuring 4 bedrooms and 3 bathrooms with some recent updates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.269066
    Latitude
    26.208283

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile property ideal for sports/fitness, warehouse, or redevelopment.
    Where is this mixed-use property located?
    The property is located at 4309 W Business 83 Hwy McAllen, TX.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - 29,550 SF mixed-use commercial building with warehouse and fully equipped athletic gym/training center.; - Includes a 2,684 SqFt brick home with 4 beds/3 baths.; - Excellent location on W. Bus. Hwy 83 with convenient access to Bentsen Rd and close proximity to Interstate Hwy 2, offering great visibility and high traffic count.
    (956) 821-6170
    Request Owner's contact information
    4309 W Business 83 Hwy McAllen, TX 78501
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    McAllen, TX 78501
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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
    4309 W Business 83 Hwy McAllen, TX 78501
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    We can help!
    Listing Contact
    Martie Martinez
    (956) 821-6170
    Learn more
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