Updated Medical Office
New
For Sale
Contact for pricing
407 N 10th Street, McAllen, TX 78501
Fresh interior paint and tile flooring accompany a functional layout for professional operations.
Property Size1,778 SF
Price / SF$1.24
Days on Market2
Property Features for 407 N 10th Street
General Information
Standard status
Active
Size
1,778 SF
Total Parking Spaces
7
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1993
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:43PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,778-square-foot medical office space was built in 1993 and has a functional interior layout. Recent improvements include tile flooring and fresh paint. The property has seven dedicated parking spaces.
Located just off 10th Street in McAllen, the office is next to a dental office and about one minute from Business 83, providing access to a major thoroughfare.
Located just off 10th Street in McAllen, the office is next to a dental office and about one minute from Business 83, providing access to a major thoroughfare.
Key Highlights
- 1,778‑square‑foot medical office property
- Seven dedicated parking spaces
- Updated with tile flooring and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,043
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,860
$460.9K
Cap Rate 7%
$329,186
$329.2K
Cap Rate 9%
$256,033
$256.0K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$42.7K $24.00/SF
− Vacancy
−$4.3K −$2.40/SF
EGI
$38.4K $21.60/SF
− OpEx
−$15.4K −$8.64/SF
NOI
$23.0K $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%
$460,860
Cap Rate 7%
$329,186
Cap Rate 9%
$256,033
Alternative Uses
Best Use
Office B
$340.0K
$297.5K – $396.7K
NOI $23,803 @ 7.0% cap · market cap 1,081.95%
Second Best
Healthcare Medical
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 1,047.41%
Theoretical Best
Office A
$482.8K
$422.5K – $563.3K
NOI $33,796 @ 7.0% cap · market cap 1,536.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,396
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fresh interior paint and tile flooring accompany a functional layout for professional operations.
Where is this medical office space located?
The property is located at 407 N 10th Street McAllen, TX.
What are key features of this property?
This property features: 1,778‑square‑foot medical office property; Seven dedicated parking spaces; Updated with tile flooring and fresh interior paint
