End-Cap Medical Office
New
For Sale
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1913 S 1st Street, McAllen, TX 78503
The unit brings exam, office, reception, meeting, and support areas together in a medical-office layout.
Property Size1,986 SF
Price / SF$2.07
Days on Market2
Property Features for 1913 S 1st Street
General Information
Standard status
Active
Size
1,986 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:11PM
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
Based on property information with market context.
This 1,986-square-foot medical office unit includes five exam rooms, three office areas, an open work and lobby space, a conference area, a kitchenette, and two bathrooms. Built in 1986, it occupies an end-cap position at the rear of the complex and is currently leased.
The property is in McAllen’s south medical-office district, behind Rio Grande Regional Hospital. The end-cap location provides vehicle space for clients and employees, with some off-street parking available.
The property is in McAllen’s south medical-office district, behind Rio Grande Regional Hospital. The end-cap location provides vehicle space for clients and employees, with some off-street parking available.
Key Highlights
- 1,986‑square‑foot medical office unit
- Five exam rooms and three office areas
- Open work and lobby space, plus a conference area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,739
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,780
$514.8K
Cap Rate 7%
$367,700
$367.7K
Cap Rate 9%
$285,989
$286.0K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$47.7K $24.00/SF
− Vacancy
−$4.8K −$2.40/SF
EGI
$42.9K $21.60/SF
− OpEx
−$17.2K −$8.64/SF
NOI
$25.7K $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%
$514,780
Cap Rate 7%
$367,700
Cap Rate 9%
$285,989
Alternative Uses
Best Use
Office B
$379.8K
$332.4K – $443.1K
NOI $26,588 @ 7.0% cap · market cap 646.75%
Second Best
Healthcare Medical
$367.7K
$321.7K – $429.0K
NOI $25,739 @ 7.0% cap · market cap 626.10%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,750 @ 7.0% cap · market cap 918.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Banfield Pet Hospital — 420 E Expressway 83, McAllen, TX 78503
- McAllen Urgent Vet — 101 E Expressway 83 Suite 140, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Medical Office Space - The unit brings exam, office, reception, meeting, and support areas together in a medical-office layout.
Where is this medical office space located?
The property is located at 1913 S 1st Street McAllen, TX.
What are key features of this property?
This property features: 1,986‑square‑foot medical office unit; Five exam rooms and three office areas; Open work and lobby space, plus a conference area
