Medical Office Suite with
3001 N 23rd Street Unit 6 McAllen, TX 78501
3001 N 23rd Street Unit 6, McAllen, TX, 78501
$480,000
For Sale
$480,000
Well-appointed office suite with a reception area, multiple subdivided rooms, ADA-compliant restrooms, and ample storage.
Property Size2,967 SF
Price / SF$161.78
Days on Market43
Property Features for 3001 N 23rd Street Unit 6
General Information
- Standard status
- Active
- Size
- 2,967 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing agency
Pinnacle Realty Advisors
(956) 330-9012
Listed by
Juan Iparrea · License #624291
(956) 330-9012
Source
Xome
Added: Jun 9 Updated: Jul 21 at 6:35AM Checked: Jul 21 at 6:35AM
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 Pinnacle Realty Advisors
Investment Insights
Based on property information with market context.
This medical or professional office suite is designed for an efficient workflow and includes a welcoming reception area, multiple subdivided offices or exam rooms, and a functional internal layout. The suite also provides ADA-compliant restrooms, a convenient area for day-to-day use, and ample storage.
The property is located at 3001 N 23rd Street Unit 6 in McAllen, Texas, positioned on a busy commercial corridor with high-traffic exposure and visibility.
The property is located at 3001 N 23rd Street Unit 6 in McAllen, Texas, positioned on a busy commercial corridor with high-traffic exposure and visibility.
Key Highlights
- Well‑appointed office suite with a welcoming reception area and multiple subdivided offices/exam rooms
- Includes ADA‑compliant restrooms plus an additional convenient area
- Central air and electric cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.3k | $21.00 |
| − Vacancy | −$9.3k | −$3.15 |
| EGI | $53.0k | $17.85 |
| − OpEx | −$13.2k | −$4.46 |
| NOI | $39.7k | $13.39 |
2,967 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$549.3K
$480.7K – $640.9K
NOI $38,452 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,397 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Martinez Luz DDS
Dental Office
Urena Angie
Dental Office
Han Sam DDS
Dental Office
RGV Smiles-Rocky L ...
Dental Office
Women's Clinic of South ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Well-appointed office suite with a reception area, multiple subdivided rooms, ADA-compliant restrooms, and ample storage.
Where is this medical office space located?
The property is located at 3001 N 23rd Street Unit 6 McAllen, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Well‑appointed office suite with a welcoming reception area and multiple subdivided offices/exam rooms; Includes ADA‑compliant restrooms plus an additional convenient area; Central air and electric cooling
