Medical Office Suite with Exam
3001 North 23rd Street McAllen, TX 78501
3001 North 23rd Street, McAllen, TX, 78501
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For Sale
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Professional medical office suite on North 23rd Street with reception, 8 exam rooms, ADA restrooms, and staff break area.
Property Size2,967 SF
Price / SF$161.78
Days on Market42
Property Features for 3001 North 23rd Street
General Information
- Standard status
- Active
- Size
- 2,967 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agency
Pinnacle Realty Advisors
(956) 330-9012
Listed by
Juan Iparrea · License #624291
Source
Crexi
Added: Jun 12 Updated: Jul 22 at 2:55PM Checked: Jul 22 at 2:55PM
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 well-appointed professional suite is designed for patient and client workflow, featuring a reception and waiting area along with 8 fully subdivided exam rooms or private offices. The interior also includes fully ADA-compliant restrooms, a staff break area, and ample dedicated storage for medical supplies or files.
The suite is located directly on North 23rd Street, offering straightforward ingress and egress for patients and staff. The surrounding commercial corridor supports ongoing regional traffic and customer draw.
For day-to-day operations, the space provides a practical mix of front-of-house and clinical workspace, with multiple rooms that can support distinct functions within the same office footprint.
The suite is located directly on North 23rd Street, offering straightforward ingress and egress for patients and staff. The surrounding commercial corridor supports ongoing regional traffic and customer draw.
For day-to-day operations, the space provides a practical mix of front-of-house and clinical workspace, with multiple rooms that can support distinct functions within the same office footprint.
Key Highlights
- Professional office suite on N 23rd Street, built in 2001
- Reception and waiting area for patient/client comfort
- 8 fully subdivided exam rooms/private offices for flexible clinical or office workflows
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 - Professional medical office suite on North 23rd Street with reception, 8 exam rooms, ADA restrooms, and staff break area.
Where is this medical office space located?
The property is located at 3001 North 23rd Street 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: Professional office suite on N 23rd Street, built in 2001; Reception and waiting area for patient/client comfort; 8 fully subdivided exam rooms/private offices for flexible clinical or office workflows
