Medical Office with Exam
New
For Sale
Contact for pricing
600 S Bicentennial Boulevard, McAllen, TX 78501
Remodeled clinical space includes a radiology setup and two nurses’ stations.
Property Size29,232 SF
Price / SF$0.00
Days on Market2
Property Features for 600 S Bicentennial Boulevard
General Information
Standard status
Active
Size
29,232 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Property Use
Medical Office
Medical Specialty
radiology
Building Details
Year Built
1992
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:26PM
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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Investment Insights
Based on property information with market context.
Remodeled medical office space at 600 S Bicentennial Boulevard in McAllen includes approximately 15,000 square feet arranged with private offices and exam rooms. The facility also has a radiology setup and two nurses’ stations, with a layout designed for medical use.
Key Highlights
- Approximately 15,000 sq ft of medical office space
- Multiple private offices and numerous exam rooms
- Radiology setup included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$378,847
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,576,940
$7.6M
Cap Rate 7%
$5,412,100
$5.4M
Cap Rate 9%
$4,209,411
$4.2M
Market Conditions
NOI Build-Up for 29,232 SF
Gross rent
$701.6K $24.00/SF
− Vacancy
−$70.2K −$2.40/SF
EGI
$631.4K $21.60/SF
− OpEx
−$252.6K −$8.64/SF
NOI
$378.8K $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%
$7,576,940
Cap Rate 7%
$5,412,100
Cap Rate 9%
$4,209,411
Alternative Uses
Best Use
Office B
$5.59M
$4.89M – $6.52M
NOI $391,343 @ 7.0% cap · market cap 2,174,127.78%
Second Best
Healthcare Medical
$5.41M
$4.74M – $6.31M
NOI $378,847 @ 7.0% cap · market cap 2,104,705.56%
Theoretical Best
Office A
$7.94M
$6.95M – $9.26M
NOI $555,642 @ 7.0% cap · market cap 3,086,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,460
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled clinical space includes a radiology setup and two nurses’ stations.
Where is this medical office space located?
The property is located at 600 S Bicentennial Boulevard McAllen, TX.
What are key features of this property?
This property features: Approximately 15,000 sq ft of medical office space; Multiple private offices and numerous exam rooms; Radiology setup included
