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    Warehouse and Athletic Training Facility Title is generated by Realmo AI

    4309 W Us Highway 83, McAllen, TX 78501

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    For Sale
    $6,000,000

    Mixed-use warehouse and fully equipped gym/training center with 22-foot clear height and multiple roll-up doors.

    Property size:
    27,750 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $216/SF
    Added:
    Nov 7, 2025
    Days on Market:
    210
    Last Refresh:
    Jun 5 at 2:23 am

    Property Features for 4309 W Us Highway 83

    General Information

    Standard status
    Active
    Size
    27,750 SF
    Lot size
    2.50 Acres

    We can help!

    Listing Contact
    Martie Martinez

    Listing agent Martie Martinez

    Listing office Encore Fine Properties

    Listing date Nov 7, 2025

    Source Exprealty

    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 Encore Fine Properties

    HighLights

    • 29,550 SF mixed‑use building on 2.5+ acres with 22‑foot clear ceiling height and HVAC throughout
    • Warehouse space includes four roll‑up doors, concrete floors, and a flexible, divisible layout
    • Fully equipped gym/training areas with 22‑foot ceilings, full‑size hardwood basketball court, and volleyball training area
    • Fitness training features include a martial arts room, weight training area with equipment, and an incline ramp
    • On‑site facilities include private men’s and women’s restrooms plus a retail/office front area
    • Additional 2,684 SF brick home with 4 bed/3 bath and some recent updates

    Overview

    This exceptional mixed-use commercial facility combines a warehouse with a fully equipped athletic gym and training center in a flexible, divisible layout. The building features 22-foot clear ceiling height, concrete floors, HVAC throughout, and four roll-up doors. The gym/training area includes 22-foot ceilings, a full-size hardwood basketball court, a volleyball training area, a martial arts room, and a weight training area with equipment. Additional amenities include an incline ramp for training, private men’s and women’s restrooms, and a retail/office front area.

    The property is located along W. Bus. Hwy 83 with convenient access on Bentsen Rd, and it is close to Interstate Hwy 2. The site offers great visibility and is described as having a high traffic count. A separate 2,684-square-foot brick home on the property includes 4 bedrooms and 3 bathrooms, with some recent updates.

    With both warehouse functionality and specialized training improvements already in place, the facility can fit operators seeking sports and fitness use, tenants needing a high-clearance warehouse environment, or buyers considering redevelopment options. Its adaptable configuration and on-site residential component add additional flexibility for a range of commercial planning approaches.

    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 $582.8k $21.00
    − Vacancy −$87.4k −$3.15
    EGI $495.3k $17.85
    − OpEx −$123.8k −$4.46
    NOI $371.5k $13.39
    27,750 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.31M
    $4.64M – $6.19M (±1% cap)
    NOI $371,503 @ 7.0% cap · market cap 6.19%
    Second Best
    Warehouse
    $2.92M
    $2.56M – $3.41M (±1% cap)
    NOI $204,645 @ 7.0% cap · market cap 3.41%
    Theoretical Best
    Office A
    $7.54M
    $6.59M – $8.79M (±1% cap)
    NOI $527,472 @ 7.0% cap · market cap 8.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2686
    Latitude
    26.208164

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    FAQs

    What type of property is this?
    Flex space - Mixed-use warehouse and fully equipped gym/training center with 22-foot clear height and multiple roll-up doors.
    Where is this flex space located?
    The property is located at 4309 W Us Highway 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 29,550 SF mixed‑use building on 2.5+ acres with 22‑foot clear ceiling height and HVAC throughout; Warehouse space includes four roll‑up doors, concrete floors, and a flexible, divisible layout; Fully equipped gym/training areas with 22‑foot ceilings, full‑size hardwood basketball court, and volleyball training area
    (956) 393-7365
    We can help!
    Listing Contact
    Martie Martinez
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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