McAllen Office Building For
4020 N 22nd Street McAllen, TX 78504
Office building featuring approximately 2,330 square feet. Leased out.
Type:Office
Property size:
2,330 SFPrice / SF:
$208/SF- Added:
- Feb 10, 2024
- Days on Market:
- 881
- Last Refresh:
- Jun 25 at 2:21 am
Property Features for 4020 N 22nd Street
General Information
- Standard status
- Active
- Size
- 2,330 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing office RE/MAX Hacienda (956) 782-9222
Listing date Feb 10, 2024
Source Crexi
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 RE/MAX Hacienda
Investment Insights
Based on property information with market context.
An office building is available for sale at 4020 N 22nd St, McAllen, TX 78504, featuring Suites 1 & 2. Each suite offers approximately 2,330 square feet of office space, including a reception area, three offices or a conference room, private his and her bathrooms, and a small coffee bar area. Both units are currently leased out.
Key Highlights
- Two Leased Suites Providing Immediate Rental Income
- Total of Approximately 2,330 Square Feet of Office Space
- Each suite includes a reception area and 3 offices/conference rooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $21.00 |
| − Vacancy | −$7.3k | −$3.15 |
| EGI | $41.6k | $17.85 |
| − OpEx | −$10.4k | −$4.46 |
| NOI | $31.2k | $13.39 |
2,330 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$445.6K
$389.9K – $519.9K
NOI $31,193 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.7K
$553.6K – $738.2K
NOI $44,289 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SYNERGY HomeCare
Home Health Care Service
Natural Healing
Alternative Medicine Practice
Natural Healing Therapy
Alternative Medicine Practice
Barbara
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Office building featuring approximately 2,330 square feet. Leased out.
Where is this office units located?
The property is located at 4020 N 22nd Street McAllen, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two Leased Suites Providing Immediate Rental Income; Total of Approximately 2,330 Square Feet of Office Space; Each suite includes a reception area and 3 offices/conference rooms
