Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1716 Expy 83 Mcallen, TX

    • Office buildings
    • 4,304 SF
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2415441
    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

    • Office buildings

    Property Details for 1716 Expy 83

    Year built
    2000
    Property size
    4,304 SF
    Property type
    Office buildings
    APN
    M2240-98-000-0001-00
    APU
    M224098000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $450,000
      WAREHOUSE, STORAGE
      $415,000
      RETAIL STORES
      $395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2453
    Latitude
    26.174
    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
    $1,682
    $0.00
    $84,102
    $84,102
    -
    $0.00
    $84,102
    $84,102

    Comparable in this City

    • Value Estimation
      $270,000
      1,200 SF

      York Rd, TX

      OFFICE BUILDING • 1,200 SF
      York Rd, TX
      View Details
    • Value Estimation
      $950,000
      1,008 SF

      Fm 866, TX

      OFFICE BUILDING • 1,008 SF
      Fm 866, TX
      View Details
    • Value Estimation
      $300,000
      2,880 SF

      Oakview Rd, TX

      OFFICE BUILDING • 2,880 SF
      Oakview Rd, TX
      View Details
    • Value Estimation
      $195,000
      720 SF

      W

      OFFICE BUILDING • 720 SF
      W, Ih 20, TX
      View Details
    • Value Estimation
      $345,000
      3,889 SF

      Joe Stephens Ave, TX

      OFFICE BUILDING • 3,889 SF
      Joe Stephens Ave, TX
      View Details
    • Value Estimation
      $325,000
      1,600 SF

      Ih 20

      OFFICE BUILDING • 1,600 SF
      Ih 20, Odessa, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,114 SF

      Austin Office Building For Sale

      51,114 SF office building available in Austin, Texas.
      8701 Menchaca Rd, Austin, TX
      View Details
    • $1,990,000
      12,347 SF

      Calallen Multi-Tenant Investment Property

      Multi-tenant investment property in a prime growth area.
      14317 Blvd NW, Corpus Christi, TX
      View Details
    • $560,000
      2,000 SF

      Renovated Office Building For Sale

      Newly renovated office building off Hwy 249 in Pinehurst, TX.
      31847 Hwy South, Pinehurst, TX
      View Details
    • $699,000
      5,040 SF

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 N Broadway St, La Porte, TX
      View Details
    • Contact for pricing
      4,964 SF

      New Construction Office Condominiums

      New construction office condominiums with flexible square footage options.
      Barker Cypress & Rd West, Houston, TX
      View Details
    • $500,000

      Multi-Use Building on Highway 190

      Multi-use building with highway frontage near upcoming I-14.
      6738 U.S 190 E, Livingston, TX
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      101,416 SF

      Austin Office Space: Lamar Towers

      Two five-story buildings, 101,416 SF, NNN lease.
      7701 - 7703 N Lamar Blvd, Austin, TX
      View Details
    • Contact for pricing
      28,990 SF

      Office Space in Dallas Midtown

      Office and retail spaces available in Dallas Midtown.
      & Montfor James Temple Dr, Dallas, TX
      View Details
    • $12 SF/Yr
      3,522 SF

      Garland Office Building for Lease

      Office building in Garland with ample parking and easy access.
      3200 Broadway Blvd, Dallas, TX
      View Details
    • $11 SF/Yr
      2,231 SF

      Bank-Anchored Office Building For Rent

      Office building anchored by a bank with flexible floor plans.
      1111 N I H 35, Round Rock, TX
      View Details
    • $20 SF/Yr
      7,220 SF

      Kingwood Freestanding Single-Tenant Building

      7,220 SF building suitable for medical or professional office.
      23740 Woodford Pl Dr, Houston, TX
      View Details
    • Contact for pricing
      14,440 SF

      Historic Downtown McGregor Corner Building

      Historic building on Main Street in downtown McGregor for rent.
      300 S Main St, Mc Gregor, TX
      View Details
    Request Owner's contact information
    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.
    1716 Expy 83
    Mcallen, TX
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.