Medical Office Suite with Exam
For Sale
$480,000
6-3001 N 23rd St, McAllen, TX 78501
Professional suite offering reception, multiple private rooms, ADA-compliant restrooms, and storage for an organized clinical layout.
Property Size2,967 SF
Price / SF$161.78
Days on Market126
Property Features for 6-3001 N 23rd St
General Information
Standard status
Active
Size
2,967 SF
Taxes and HOA fees
Annual Taxes
$9,616
Listing Agency:
Pinnacle Realty Advisors
(972) 591-3988
Listed By:
Juan Iparrea · License #801067718
(956) 330-9012
Source:
Exprealty
Added: Jun 11
Changed: Oct 10
Last Checked: Oct 12 at 8:20PM
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 2,967-square-foot medical office suite is arranged for professional practice use, with a reception area, multiple subdivided offices or exam rooms, ADA-compliant restrooms, and dedicated storage. The configuration provides separate work areas within a functional office setting while accommodating patient-facing and administrative functions.
The property is located at 6-3001 N 23rd St in McAllen, Texas. Its position on N 23rd St places the suite within a busy commercial corridor described as having high traffic, with visibility and accessibility identified as property features. The space is suited to medical, dental, or other professional office use.
The property is located at 6-3001 N 23rd St in McAllen, Texas. Its position on N 23rd St places the suite within a busy commercial corridor described as having high traffic, with visibility and accessibility identified as property features. The space is suited to medical, dental, or other professional office use.
Key Highlights
- 2,967‑square‑foot medical office suite
- Reception area with multiple subdivided offices or exam rooms
- ADA‑compliant restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,721
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,420
$794.4K
Cap Rate 7%
$567,443
$567.4K
Cap Rate 9%
$441,344
$441.3K
Market Conditions
NOI Build-Up for 2,967 SF
Gross rent
$62.3K $21.00/SF
− Vacancy
−$9.3K −$3.15/SF
EGI
$53.0K $17.85/SF
− OpEx
−$13.2K −$4.46/SF
NOI
$39.7K $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%
$794,420
Cap Rate 7%
$567,443
Cap Rate 9%
$441,344
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,881
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
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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?
Medical Office Space - Professional suite offering reception, multiple private rooms, ADA-compliant restrooms, and storage for an organized clinical layout.
Where is this medical office space located?
The property is located at 6-3001 N 23rd St 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: 2,967‑square‑foot medical office suite; Reception area with multiple subdivided offices or exam rooms; ADA‑compliant restrooms
