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    Property profile & analytics

    301 Expy 83 Mcallen, TX 78503-3045

    • Hospitals
    • 98,939 SF
    • 18.66 lot acres
    OFF-MARKET
    Value Estimations
    $18,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2106041
    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

    • Solara Specialty Hospitals McAllen / Hospital
    • General Hospital / Hospital
    • Dr. Oscar E. Mendez, MD / Physician
    • Mc Allen Medical Center: Turlapati Krishna M MD / Pediatrician / Medical Clinic
    • Mc Allen Medical Center: Picou Keith MD / Physician / Medical Clinic

    Property Details for 301 Expy 83

    Year built
    1988
    Lot size
    18.66 lot acres
    Property size
    98,939 SF
    Zone code
    CO
    Property type
    Hospitals
    APN
    M2240-00-000-0001-00
    APU
    M224000000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $21,370,000
      6.5%
      $19,725,000
      7%
      $18,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $17,164,000
      Market price range: $5.72M - $17.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $11,525,000
      Current use
      OFFICE BUILDING
      $25,430,000
      Change: +121% Conversion: Easy
      AUTO REPAIR, GARAGE
      $19,365,000
      Change: +68% Conversion: Difficult
      WAREHOUSE, STORAGE
      $11,685,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $11,300,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2259
    Latitude
    26.1866
    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
    $965,001
    $9,998,486
    $38,251,544
    $48,250,030
    -
    $9,998,486
    $38,251,544
    $48,250,030

    Comparable in this City

    • Value Estimation
      $7,865,000
      42,174 SF

      1900 D St

      HOSPITAL - PRIVATE • 42,174 SF
      1900 D St, Mcallen, TX 78503-1507
      View Details
    • Value Estimation
      $27,525,000
      147,630 SF

      101 Rdg Rd

      HOSPITAL - PRIVATE • 147,630 SF
      101 Rdg Rd, Mcallen, TX 78503-1248
      View Details
    • Value Estimation
      $5,020,000
      44,338 SF

      2001 M St

      HOSPITAL - PRIVATE • 44,338 SF
      2001 M St, Mcallen, TX 78503-1551
      View Details
    • Value Estimation
      $1,615,000
      56,003 SF

      2105 Cynthia St, Unit D101

      HOMES (RETIRED, NURSING) • 56,003 SF
      2105 Cynthia St, Mcallen, TX 78503-1283
      View Details
    • Value Estimation by Request
      2,434 SF

      1st St

      MEDICAL BUILDING • 2,434 SF
      1st St, Mcallen, TX 78503
      View Details
    • Value Estimation by Request
      3,093 SF

      1200 Savannah Ave Ste, Unit 6

      MEDICAL BUILDING • 3,093 SF
      1200 Savannah Ave Ste, Mcallen, TX 78503-1728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,465 SF

      McAllen Office Building: Prime Location

      Executive & Medical Office Space Available
      4600 Military Hwy, McAllen, TX 78503
      View Details
    • $100,000
      0.17 Acres

      Residential Lot in McAllen, TX

      Spacious lot for dream home construction in prime location.
      2627 S 41St St, McAllen, TX 78503
      View Details
    • $62,500
      Pending

      Land in McAllen, Texas

      Land for townhome community near airport and shopping centers.
      39 S K Ln, McAllen, TX 78503
      View Details
    • Contact for pricing
      12,996 SF

      McAllen Medical Property For Sale

      Single-tenant medical property with long-term net lease in McAllen, TX.
      1201 Expressway 83 E, McAllen, TX 78503
      View Details
    • $67,500
      Pending

      Land in McAllen Townhome Community

      Land for townhome community development, convenient location in McAllen, TX.
      S K Center St, McAllen, TX 78503
      View Details
    • $67,500
      Pending

      Land in McAllen, Texas

      Land for townhome community near airport, mall, restaurants, and shopping.
      S K Center St, McAllen, TX 78503
      View Details

    Similar Nearby for Lease

    • $6,250 /Mo
      2,400 SF

      Hidalgo Commercial Space For Rent

      Custom-built commercial space in high-traffic area, ideal for various businesses.
      2345 Military Hwy, McAllen, TX 78503
      View Details
    • $3,322 /Mo
      1,661 SF

      McAllen Commercial Space For Lease

      1,661 Sqft commercial space suitable for medical, retail, professional services.
      2801 West Expy 83 Fwy, McAllen, TX 78503
      View Details
    • $10 SF/Yr
      2,400 SF

      McAllen Medical Office Space for Lease

      2400 sq ft Medical Office, 3-day access
      1401 Ridge Rd, McAllen, TX 78503
      View Details
    • $18 SF/Yr
      18,370 SF

      Medical Office Space in McAllen

      Medical office space for rent in the medical district.
      2101 S Col Rowe Blvd, McAllen, TX 78503
      View Details
    • $15 SF/Yr
      1,440 SF

      Prime Commercial Office Space

      Executive Suites, Great Location, 1440 sq ft
      2711 23Rd St, McAllen, TX 78503
      View Details
    • Contact for pricing
      353,602 SF

      International Parkway Warehouse

      Single-tenant industrial warehouse, 353,602 SF
      6900 International Pkwy, McAllen, TX 78503
      View Details
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    301 Expy 83
    Mcallen, TX 78503-3045
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    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
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