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    4513 Us Highway 83 McAllen, TX 78501

    For Sale
    $950,000

    Prime McAllen location, 8,040 sq ft office building on 31,493 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property, located at 4513 W US Highway 83 in McAllen, Texas, presents a unique investment opportunity. Built in 2003, the 8,040 square foot building sits on a substantial 31,493.88 square foot lot and is ideally suited for a variety of uses, including law offices, dental or medical practices, corporate offices, or daycare centers. Previously utilized as an assisted living facility, the property boasts 14 resident rooms, each with a private full bathroom. In addition, there are six generously sized private offices, a reception desk, and a welcoming front lobby. The building also features a large open central area perfect for meetings or gatherings. The kitchen is equipped with a grease trap, reverse osmosis system, and water softener. Ample parking is provided by a striped asphalt lot accommodating 17 vehicles, with additional green space available in the side and back yards, offering potential for outdoor employee or resident use. The property is ADA compliant. While some renovations may be needed, this presents a compelling opportunity for ownership or investment in a prime McAllen location. The property's zoning and permitted uses should be verified independently.

    Property Features for 4513 Us Highway 83

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2003

    HighLights

    • $950,000 asking price.
    • 31,493.88 sq ft lot, 8,040 sq ft building.
    • Located at 4513 W US Highway 83, McAllen, TX 78501.
    • Built in 2003.
    • Suitable for various uses including law office, medical office, or daycare; previously used as assisted living facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1920659
    Latitude
    26.1961367

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    FAQs

    What type of property is this?
    Office Property Space - Prime McAllen location, 8,040 sq ft office building on 31,493 sq ft lot.
    Where is this office property space located?
    The property is located at 4513 Us Highway 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 31,493.88 sq ft lot, 8,040 sq ft building.; Located at 4513 W US Highway 83, McAllen, TX 78501.
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    Realmo Value Estimation

    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.

    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.

    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
    4513 Us Highway 83 McAllen, TX 78501
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