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Property profile & analytics

1700 23rd St Mcallen, TX 78501-6120

  • Drive through restaurants
  • 3,192 SF
  • 1.05 lot acres
OFF-MARKET
Value Estimations
$410,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-1659224
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • G & I Auto Sales / Motor Vehicle Dealer
  • Burger King / Restaurant / Fast Food Restaurant
  • Tacos La Estrella / Taco Restaurant
  • Fallas Discount Stores / Toy Store / Women'S Clothing Store
  • National Stores / Department Store

Property Details for 1700 23rd St

Year built
1988
Lot size
1.05 lot acres
Property size
3,192 SF
Zone code
C-3
Property type
Drive through restaurants
APN
W9000-00-000-0001-00
APU
W900000000000100

Description

This exceptional retail property, located at 1700 S 23rd St in McAllen, Texas, offers 22,556 square feet of prime commercial space. Currently, 11,231 square feet is available for lease, presenting a significant opportunity for expansion or a new venture. The property is situated in Hidalgo County, within the vibrant city of McAllen, boasting excellent visibility and accessibility. The building's multiple tenancy structure allows for flexibility and potential for synergistic businesses. The property's classification as retail ensures high foot traffic and exposure to a large consumer base. The available 11,231 square feet provides ample space for a variety of retail uses, from large-format stores to smaller boutiques. The precise layout and configuration of the available space can be discussed and tailored to meet specific business needs. This location in McAllen, TX (zip code 78503) offers a strategic advantage for businesses seeking to tap into the thriving local market. The property's size and location make it an ideal investment for businesses looking to establish a strong presence in this dynamic area of Texas. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a substantial retail space in a high-demand location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $345,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $478,000
    Market price range: $232k - $478k
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $355,000
    Current use
    AUTO REPAIR, GARAGE
    $440,000
    Change: +25% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $355,000
    Change: +1% Conversion: Easy
    OFFICE BUILDING
    $340,000
    Change: -5% Conversion: Moderate
    MEDICAL BUILDING
    $310,000
    Change: -12% Conversion: Difficult
    RETAIL STORES
    $310,000
    Change: -12% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mcallen
County
Hidalgo
State
Texas
Longitude
-98.2422
Latitude
26.2213
CBSA code
32580
CBSA name
MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,089
$394,009
$260,457
$654,466
-
$394,009
$260,457
$654,466
More about this property
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