Technical
Financial
Distress signals
Property profile

1500 23rd St Mcallen, TX 78501

OFF-MARKET
Office buildings
Property ID
US82-1466087
4,710 SF 0.49 ac lot Built 1981
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property is a 200 sq ft open storefront suite within a retail plaza located at the intersection of N 23rd St and Pecan. The space is configured with a large front window for natural light and product display and provides two access points: an exterior side entrance into the suite and an interior entrance from within the plaza. The unit is suitable for either office or retail use and has provision for exterior business signage. Shared public restrooms are located within the plaza, and the property includes ample customer/client parking. The plaza setting is surrounded by a mix of restaurants, retail, and residential neighborhoods, and utilities/services are structured to be included across the building, including electricity, water, internet, trash, and maintenance.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 4,710 SF
Lot 0.49 ac (21,553 SF)
Zoning code CO
APN T3150-00-000-000A-00
UPID US82-1466087

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Shopping Center & Mall
  • Hair Salon
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Restaurant

Location

1500 23rd St Mcallen, TX 78501-6725
Mcallen metro Census 20729 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2022
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CO · Mcallen, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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