Outpatient Rehabilitation
New
For Sale
Contact for pricing
1400 E Ridge Road Unit 2, McAllen, TX 78504
Eight private rooms and a reception area support treatment or office operations.
Property Size3,100 SF
Price / SF$1.94
Days on Market2
Property Features for 1400 E Ridge Road Unit 2
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Property Use
Outpatient Rehabilitation Center
Amenities
8 private offices/treatment rooms
reception area
two restrooms
Building Details
Year Built
2003
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SANETI REALTY GROUP
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Investment Insights
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Configured as an outpatient rehabilitation center, the 3,100-square-foot property contains eight private offices or treatment rooms, a reception area near the entrance, and two restrooms. The building was constructed in 2003.
The property is at 1400 E Ridge Road, Unit 2, in McAllen, Texas. On-site parking is available.
The property is at 1400 E Ridge Road, Unit 2, in McAllen, Texas. On-site parking is available.
Key Highlights
- 3,100 square feet
- Eight private offices or treatment rooms
- Entrance reception area and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,176
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
$803.5K
Cap Rate 7%
$573,943
$573.9K
Cap Rate 9%
$446,400
$446.4K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$74.4K $24.00/SF
− Vacancy
−$7.4K −$2.40/SF
EGI
$67.0K $21.60/SF
− OpEx
−$26.8K −$8.64/SF
NOI
$40.2K $12.96/SF
Area
McAllen, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
Cap Rate 7%
$573,943
Cap Rate 9%
$446,400
Alternative Uses
Best Use
Office B
$592.9K
$518.8K – $691.7K
NOI $41,501 @ 7.0% cap · market cap 691.68%
Second Best
Healthcare Medical
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 669.60%
Theoretical Best
Office A
$841.8K
$736.6K – $982.1K
NOI $58,925 @ 7.0% cap · market cap 982.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
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Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Eight private rooms and a reception area support treatment or office operations.
Where is this rehabilitation center located?
The property is located at 1400 E Ridge Road Unit 2 McAllen, TX.
What are key features of this property?
This property features: 3,100 square feet; Eight private offices or treatment rooms; Entrance reception area and two restrooms
