Remodeled Medical Office
New
For Sale
Contact for pricing
713 Savannah Avenue, McAllen, TX 78503
Clinical rooms, patient reception, records storage, and a private physician office support a range of medical specialties.
Property Size1,820 SF
Price / SF$1.54
Days on Market2
Property Features for 713 Savannah Avenue
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Office Units
1
Property Use
Medical Office
Building Details
Year Built
1991
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:00PM
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.
Remodeled medical office space offers 1,820 square feet of clinical and administrative areas. The layout includes a lobby, reception area, exam rooms, shared restrooms, a secured records room, and a private physician’s office with its own bathroom. Renovation work provides updated interior finishes.
The property is next to an established OB/GYN practice and minutes from major hospitals. Built in 1991, the office is configured for medical use, with patient-facing and back-office functions within the same suite.
The property is next to an established OB/GYN practice and minutes from major hospitals. Built in 1991, the office is configured for medical use, with patient-facing and back-office functions within the same suite.
Key Highlights
- 1,820‑square‑foot medical office
- Lobby and reception area with exam rooms
- Secured records room and shared restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,587
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,740
$471.7K
Cap Rate 7%
$336,957
$337.0K
Cap Rate 9%
$262,078
$262.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$43.7K $24.00/SF
− Vacancy
−$4.4K −$2.40/SF
EGI
$39.3K $21.60/SF
− OpEx
−$15.7K −$8.64/SF
NOI
$23.6K $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%
$471,740
Cap Rate 7%
$336,957
Cap Rate 9%
$262,078
Alternative Uses
Best Use
Office B
$348.1K
$304.6K – $406.1K
NOI $24,365 @ 7.0% cap · market cap 870.18%
Second Best
Healthcare Medical
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 842.39%
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 1,235.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Banfield Pet Hospital — 420 E Expressway 83, McAllen, TX 78503
- McAllen Urgent Vet — 101 E Expressway 83 Suite 140, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical rooms, patient reception, records storage, and a private physician office support a range of medical specialties.
Where is this medical office space located?
The property is located at 713 Savannah Avenue McAllen, TX.
What are key features of this property?
This property features: 1,820‑square‑foot medical office; Lobby and reception area with exam rooms; Secured records room and shared restrooms
