Warehouse with Loading
New
For Sale
Contact for pricing
8020 S 23rd Street, McAllen, TX 78503
An open industrial layout includes a private office and separate employee restrooms.
Property Size20,000 SF
Price / SF$0.13
Days on Market2
Property Features for 8020 S 23rd Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
20,000 SF
Dock-High Doors
4
Additional Details
Property Use
Warehouse
Building Details
Year Built
2018
Building Size
20,000 SF
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:56PM
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.
Built in 2018, this 20,000± square foot warehouse features an open floor plan, a private office with its own restroom, and separate restrooms for employees. Four loading docks support shipping and receiving operations.
The property is at 8020 S 23rd Street in McAllen, along 23rd Street, an industrial corridor in the Rio Grande Valley.
The property is at 8020 S 23rd Street in McAllen, along 23rd Street, an industrial corridor in the Rio Grande Valley.
Key Highlights
- 20,000± square foot warehouse built in 2018
- Four loading docks for shipping and receiving
- Open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$974,512
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,490,240
$19.5M
Cap Rate 7%
$13,921,600
$13.9M
Cap Rate 9%
$10,827,911
$10.8M
Market Conditions
NOI Build-Up for 158,844 SF
Gross rent
$1.45M $9.12/SF
− Vacancy
−$56.5K −$0.36/SF
EGI
$1.39M $8.76/SF
− OpEx
−$417.6K −$2.63/SF
NOI
$974.5K $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%
$19,490,240
Cap Rate 7%
$13,921,600
Cap Rate 9%
$10,827,911
Alternative Uses
Best Use
Warehouse
$16.73M
$14.64M – $19.52M
NOI $1,171,411 @ 7.0% cap · market cap 5,857.05%
Second Best
Industrial
$13.92M
$12.18M – $16.24M
NOI $974,512 @ 7.0% cap · market cap 4,872.56%
Theoretical Best
Office A
$43.13M
$37.74M – $50.32M
NOI $3,019,307 @ 7.0% cap · market cap 15,096.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Dock-high doors
Location Intelligence
Trade Area within ½ mile
216
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - An open industrial layout includes a private office and separate employee restrooms.
Where is this warehouse located?
The property is located at 8020 S 23rd Street McAllen, TX.
What are key features of this property?
This property features: 20,000± square foot warehouse built in 2018; Four loading docks for shipping and receiving; Open floor plan
