Add Listing
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

    232 Lindberg Ave Mcallen, TX 78501-2920

    • Medical Office Space
    • 5,248 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2332841
    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

    • South Texas Property Cash Buyers / Consultant / Investment Company
    • Rehab Plus / Physician
    • Marlene Longoria / Physician
    • Rogelio Aguilar, PTA / Physician
    • John D. Deroulac, PTA / Physician

    Property Details for 232 Lindberg Ave

    Year built
    1993
    Lot size
    0.33 lot acres
    Property size
    5,248 SF
    Zone code
    CO
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    L4737-00-00A-0005-00
    APU
    L47370000A000500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2234
    Latitude
    26.1916
    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
    $11,598
    $192,313
    $387,571
    $579,884
    -
    $192,313
    $387,571
    $579,884

    Comparable in this City

    • Value Estimation
      $9,020,000
      79,150 SF

      901 Hackberry Ave

      MEDICAL BUILDING • 79,150 SF
      901 Hackberry Ave, Mcallen, TX 78501-6502
      View Details
    • Value Estimation by Request
      2,925 SF

      816 12th St

      MEDICAL BUILDING • 2,925 SF
      816 12th St, Mcallen, TX 78501-5009
      View Details
    • Value Estimation by Request
      5,816 SF

      501 Broadway St

      MEDICAL BUILDING • 5,816 SF
      501 Broadway St, Mcallen, TX 78501
      View Details
    • Value Estimation by Request
      4,800 SF

      1200 Col Rowe Blvd

      MEDICAL BUILDING • 4,800 SF
      1200 Col Rowe Blvd, Mcallen, TX 78501-2956
      View Details
    • Value Estimation by Request
      1,250 SF

      1200 Col Rowe Blvd

      MEDICAL BUILDING • 1,250 SF
      1200 Col Rowe Blvd, Mcallen, TX 78501-2956
      View Details
    • Value Estimation by Request
      2,689 SF

      1200 Col Rowe Blvd

      MEDICAL BUILDING • 2,689 SF
      1200 Col Rowe Blvd, Mcallen, TX 78501-2956
      View Details

    Similar Nearby for Sale

    • $535,000

      Free-Standing Office Building For Sale

      Well-maintained 2,250 SF office building in a central location.
      1609 N 6Th St, McAllen, TX 78501
      View Details
    • $3,450,000
      9,600 SF

      Flex Space Portfolio For Sale

      Two flex space buildings near Interstate Highway 2 and Business Hwy 83.
      1313 E Jasmine Ave, McAllen, TX 78501
      View Details
    • $1,093,200
      91,000 SF

      Mixed Use Office/Retail Site

      Mixed-use office and retail site available for sale.
      3013 N Jackson Rd, McAllen, TX 78501
      View Details
    • $700,000
      5,000 SF

      Downtown McAllen Office Building For Sale

      Downtown McAllen office building with two offices, new roof.
      516 S Broadway St, McAllen, TX 78501
      View Details
    • $1,100,000
      3,060 SF

      McAllen Mixed-Use Corner Property

      Versatile 3,060 sq ft property suitable for business or residence.
      2929 N Ware Rd, McAllen, TX 78501
      View Details
    • $350,000

      McAllen Office Building - Great Investment

      Profitable Two-Unit Office Building in McAllen, TX
      813 Ware Rd, McAllen, TX 78501
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Downtown McAllen Entertainment Venue

      Flexible open-air venue in McAllen's Entertainment and Cultural District.
      312 S 17Th St, McAllen, TX 78501
      View Details
    • $3,625 /Mo
      1,450 SF

      Premier Plaza Retail Space Available

      Prime commercial unit in McAllen's prestigious Premier Plaza.
      101 W Us Highway 83, McAllen, TX 78501
      View Details
    • $2,000 /Mo
      600 SF

      McAllen Commercial Space For Lease

      Commercial space suitable for pharmacy or medical/office business.
      2010 A, McAllen, TX 78501
      View Details
    • $4,900 /Mo
      2,000 SF

      Premier Plaza Commercial Space Available

      Versatile commercial unit in prestigious Rio Grande Valley plaza.
      101 E Expy 83 Hwy, McAllen, TX 78501
      View Details
    • $12,113 /Mo
      6,548 SF

      McAllen Office Space Available

      6,548 sq ft office space in McAllen, Texas.
      3101 W Military Hwy, McAllen, TX 78501
      View Details
    • $475 /Mo
      8,500 SF

      Renovated Office Spaces in McAllen

      Professional office spaces with included utilities and shared facilities.
      804 Pecan Blvd, McAllen, TX 78501
      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.
    232 Lindberg Ave
    Mcallen, TX 78501-2920
    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.
    Sign Up Successful!
    You now have access to more from Realmo!