Medical Office Suite with Exam
For Sale
Contact for pricing
3001 North 23rd Street, McAllen, TX 78501
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 Market49
Property Features for 3001 North 23rd Street
General Information
Standard status
Active
Size
2,967 SF
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
spacious reception and waiting area
fully ADA-compliant restrooms
staff break area
ample dedicated storage space
Building Details
Year Built
2001
Listing Agency:
Pinnacle Realty Advisors
(956) 330-9012
Listed By:
Juan Iparrea · License #624291
Source:
Crexi
Added: Jun 12
Changed: Jul 22
Last Checked: Jul 30 at 6:44AM
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
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
