Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2711 23Rd St McAllen, TX 78503

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Executive Suites, Great Location, 1440 sq ft

    Lot size:
    1,440 SF

    Property Features for 2711 23Rd St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,440 SF

    Spaces For Lease

    at 2711 23Rd St, McAllen, TX 78503 Contact us
    Unit 5

    $15 /Mo

    Size
    1,440 SF
    Contact us

    We can help!

    Listing Contact
    Robert Kirby
    Robert Kirby

    Listing Agency: RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV Listing Agent: Robert Kirby

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, located at 2711 S 23rd Street #5, offers a single-tenant, 1,440 square foot office suite in a thriving plaza. The property sits on a substantial 42,945.80 square foot lot and is zoned C, providing ample space and flexibility. The building features a total of 30 parking spaces, ensuring convenient access for employees and clients. This prime location boasts excellent visibility and accessibility, situated near Interstate Highway 2 (Expressway 83), ensuring easy commutes for all. The surrounding plaza is anchored by a diverse mix of established businesses, including a Cricket franchise, a daycare center, an insurance company, and an event center, creating a vibrant and bustling commercial environment. Two office suites are immediately available for occupancy. The property's single-tenant occupancy provides a streamlined management experience. The property's Assessed Parcel Number (APN) is B184000000000100. This is an ideal opportunity for businesses seeking a well-located, functional, and easily accessible office space in a thriving commercial area. The property is ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kids Cloud Academy Daycare Center J&M INSURANCE Insurance Agency KAMOVA EVENTS Hotel & Motel Cricket Wireless Authorized ... Mobile Phone Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2485211
    Latitude
    26.1803937

    Nearby Similar for Lease

    • $4,194 /Mo
      1,382 SF

      Prime Retail Space on 10th

      Restaurant or retail space in high-traffic McAllen shopping center.
      7001 N 10Th St, McAllen, TX 78504
      View Details
    • $3,594 /Mo
      1,251 SF

      Retail Space in Trenton Palms

      Upscale retail space in high-traffic McAllen shopping center.
      7001 N 10Th St, McAllen, TX 78504
      View Details
    • $2,400 /Mo
      1,500 SF

      McAllen Retail/Office Space Available

      Prime location in North McAllen with high traffic.
      3401 Auburn Ave, McAllen, TX 78501
      View Details
    • $2,500 /Mo
      2,954 SF

      Prime Location in McAllen Entertainment

      High-traffic location ideal for bars, lounges, or nightlife concepts.
      202 S 17Th St, McAllen, TX 78501
      View Details
    • $700 /Mo
      200 SF

      Retail/Office Space on N 23rd

      200 sq ft retail/office space with utilities included.
      1500 N 23Rd St, McAllen, TX 78501
      View Details
    • $700 /Mo
      200 SF

      Retail/Office Space on N 23rd

      200 sq ft retail/office space with utilities included.
      1500 N 23Rd St, McAllen, TX 78501
      View Details
    • $3,625 /Mo
      1,450 SF

      Premier Plaza Retail Space Available

      Prime commercial unit in McAllen's prestigious Premier Plaza.
      101 W Us Highway 83, McAllen, TX 78501
      View Details
    • $1,620 /Mo
      1,080 SF

      High-Visibility Retail/Office Space Available

      Prime McAllen location suitable for retail or office use.
      2409 Buddy Owens Ave, McAllen, TX 78504
      View Details
    • $3,300 /Mo
      2,100 SF

      McAllen Office Space For Rent

      Office space with great visibility near Doctor's Hospital.
      5300 N Mccoll Rd, McAllen, TX 78504
      View Details
    • $24 SF/Yr
      21,500 SF

      Prime Retail Space in McAllen

      High-visibility retail space available in a busy McAllen center.
      2017 C St, McAllen, TX 78503
      View Details
    • $1,350 /Mo
      675 SF

      Prime Retail/Office Corner Opportunity

      High-visibility retail or office space for lease in McAllen.
      3200 N Mccoll Rd, McAllen, TX 78501
      View Details
    • $1,600 /Mo
      46,265 SF

      Hotel Storefront Opportunity in McAllen

      Commercial space in high-traffic hotel, ideal for retail.
      2000 S 10Th St, McAllen, TX 78503
      View Details

    FAQs

    What type of property is this?
    Office property - Executive Suites, Great Location, 1440 sq ft
    Where is this office property located?
    The property is located at 2711 23Rd St McAllen, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Land, retail, and office property with single tenancy.; 1,440 square foot building on a 42,945.80 square foot lot.; 30 total parking spaces.
    (956) 279-8829 Call to check price and availability
    Request Owner's contact information
    2711 23Rd St McAllen, TX 78503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2711 23Rd St
    McAllen, TX 78503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2711 23Rd St McAllen, TX 78503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Kirby
    Robert Kirby
    (956) 279-8829 (956) 928-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!