McAllen Office Building For
For Sale
$485,000
4020 N 22nd St, McAllen, TX 78504
Office building featuring approximately 2,330 square feet. Leased out.
Property Size2,329 SF
Price / SF$208.24
Days on Market203
Property Features for 4020 N 22nd St
General Information
Standard status
Active
Size
2,329 SF
Building Details
Year Built
1995
Listing Agency:
RE/MAX Hacienda
Listed By:
Hector M. Guerra · License #TREC#0341517
(956) 782-9222
Source:
Aregtx
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 7 at 1:05PM
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 RE/MAX Hacienda
Investment Insights
Based on property information with market context.
An office building is available for sale at 4020 N 22nd St, McAllen, TX 78504, featuring Suites 1 & 2. Each suite offers approximately 2,330 square feet of office space, including a reception area, three offices or a conference room, private his and her bathrooms, and a small coffee bar area. Both units are currently leased out.
Key Highlights
- Two Leased Suites Providing Immediate Rental Income
- Total of Approximately 2,330 Square Feet of Office Space
- Each suite includes a reception area and 3 offices/conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,179
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,580
$623.6K
Cap Rate 7%
$445,414
$445.4K
Cap Rate 9%
$346,433
$346.4K
Market Conditions
NOI Build-Up for 2,329 SF
Gross rent
$48.9K $21.00/SF
− Vacancy
−$7.3K −$3.15/SF
EGI
$41.6K $17.85/SF
− OpEx
−$10.4K −$4.46/SF
NOI
$31.2K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,580
Cap Rate 7%
$445,414
Cap Rate 9%
$346,433
Alternative Uses
Best Use
Office B
$445.4K
$389.7K – $519.7K
NOI $31,179 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.4K
$553.4K – $737.8K
NOI $44,270 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office building featuring approximately 2,330 square feet. Leased out.
Where is this office units located?
The property is located at 4020 N 22nd St McAllen, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two Leased Suites Providing Immediate Rental Income; Total of Approximately 2,330 Square Feet of Office Space; Each suite includes a reception area and 3 offices/conference rooms
