Flex
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For Sale
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7825 S 23rd Street, McAllen, TX 78503
Located in Hammond Industrial Park, the property offers access to major highways and proximity to ports.
Property Size2,000 SF
Price / SF$1.25
Days on Market2
Property Features for 7825 S 23rd Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Flex Space
Building Details
Year Built
2010
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:46AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property was built in 2010 and can serve storage or operational space needs. Its adaptable interior supports a range of business functions.
Situated in Hammond Industrial Park, the property has access to major highways and is near ports. It is located at 7825 S 23rd Street in McAllen, Texas.
Situated in Hammond Industrial Park, the property has access to major highways and is near ports. It is located at 7825 S 23rd Street in McAllen, Texas.
Key Highlights
- 2010 construction
- Located in Hammond Industrial Park
- Access to major highways and proximity to ports
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,270
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,400
$245.4K
Cap Rate 7%
$175,286
$175.3K
Cap Rate 9%
$136,333
$136.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$18.2K $9.12/SF
− Vacancy
−$711 −$0.36/SF
EGI
$17.5K $8.76/SF
− OpEx
−$5.3K −$2.63/SF
NOI
$12.3K $6.14/SF
Area
McAllen, TX
Vacancy
3.90%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,400
Cap Rate 7%
$175,286
Cap Rate 9%
$136,333
Alternative Uses
Best Use
Flex RnD
$177.0K
$154.9K – $206.5K
NOI $12,391 @ 7.0% cap · market cap 495.64%
Second Best
Industrial
$175.3K
$153.4K – $204.5K
NOI $12,270 @ 7.0% cap · market cap 490.80%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 1,520.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Well-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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Located in Hammond Industrial Park, the property offers access to major highways and proximity to ports.
Where is this flex space located?
The property is located at 7825 S 23rd Street McAllen, TX.
What are key features of this property?
This property features: 2010 construction; Located in Hammond Industrial Park; Access to major highways and proximity to ports
