Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4120 23rd St Mcallen, TX 78504-4105
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4120 23rd St Mcallen, TX 78504-4105

    View on Map
    • Turn key restaurants
    • 3,300 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Mar 11, 2024
    Property ID
    US83-3201531
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beauty & Beast Cuisine Inside Dip N' Burger / Restaurant
    • Dip N Burger / Restaurant / Take-out & Catering

    Property Details for 4120 23rd St

    Year built
    1988
    Lot size
    0.62 lot acres
    Property size
    3,300 SF
    Property type
    Turn key restaurants
    APN
    I6000-01-001-0004-00
    APU
    I600001001000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2385
    Latitude
    26.2429
    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
    $7,560
    $206,720
    $171,280
    $378,000
    -
    $206,720
    $171,280
    $378,000

    Comparable in this City

    • Value Estimation by Request
      2,462 SF

      5921 23rd St

      RESTAURANT • 2,462 SF
      5921 23rd St, Mcallen, TX 78504-3934
      View Details
    • Value Estimation by Request
      5,243 SF

      4711 10th St

      RESTAURANT • 5,243 SF
      4711 10th St, Mcallen, TX 78504-2913
      View Details
    • Value Estimation
      $570,000
      7,415 SF

      5248 10th St

      RESTAURANT • 7,415 SF
      5248 10th St, Mcallen, TX 78504-2701
      View Details
    • Value Estimation
      $555,000
      5,796 SF

      521 Nolana Ave

      RESTAURANT • 5,796 SF
      521 Nolana Ave, Mcallen, TX 78504-2544
      View Details
    • Value Estimation by Request
      3,637 SF

      4100 10th St

      RESTAURANT • 3,637 SF
      4100 10th St, Mcallen, TX 78504-3003
      View Details
    • Value Estimation
      $670,000
      6,959 SF

      7617 10th St

      RESTAURANT • 6,959 SF
      7617 10th St, Mcallen, TX 78504-7737
      View Details

    Similar Nearby for Sale

    • $485,000
      1,878 SF

      Prime Commercial Property on Bicentennial

      High-visibility commercial property suitable for various business uses.
      712 N Bicentennial Blvd, McAllen, TX 78504
      View Details
    • $2,995,000
      7.15 Acres

      Prime Commercial Tract on Ware

      7+/- acre commercial tract in McAllen's high-growth corridor.
      S Ware Rd, McAllen, TX 78504
      View Details
    • $5,000,000
      17,713 SF

      McAllen Commercial Property For Sale

      Unique income-producing commercial property, turn-key operation, well-known club.
      11205 N 23Rd St N, McAllen, TX 78504
      View Details
    • $750,000
      2,631 SF

      McAllen Commercial Building on Corner

      Free-standing commercial building with high visibility in McAllen, Texas.
      3620 Buddy Owens Ave, McAllen, TX 78504
      View Details
    • $18,425,000
      91,394 SF

      Town & Country Shopping Center

      Two McAllen retail properties totaling 6.8 acres for sale.
      5007 N 10 St-Town & Country Shopping Ctr, McAllen, TX 78504
      View Details
    • $399,000
      1,900 SF

      Turnkey Salon in High-Traffic Area

      Salon in McAllen, ready for new owner, high-traffic location.
      2014 W Nolana Ave, McAllen, TX 78504
      View Details

    Similar Nearby for Lease

    • $15,017 /Mo
      5,385 SF

      Restaurant Ready Suite on 10th

      Restaurant suite with outstanding exposure in a sought-after location.
      7017 N 10Th St, McAllen, TX 78504
      View Details
    • $37 SF/Yr
      5,385 SF

      McAllen Restaurant & Land Opportunity

      Prime McAllen restaurant, 7.1 acres, 480 parking spaces
      7017 10Th St, McAllen, TX 78504
      View Details
    • $4,194 /Mo
      1,382 SF

      Retail Space in Trenton Palms

      Retail space in a high-traffic shopping center.
      7001 N 10Th St, McAllen, TX 78504
      View Details
    • $34 SF/Yr
      2,640 SF

      Retail Space with Drive-Thru

      2,640 SF space with drive-thru at Valencia Marketplace.
      7501 N 10Th St, McAllen, TX 78504
      View Details
    • $33 SF/Yr
      607 SF

      McAllen Retail & Restaurant Land

      Prime McAllen location, upscale plaza, pre-leasing now.
      3900 Buddy Owens Ave, McAllen, TX 78504
      View Details
    • $26 SF/Yr
      1,320 SF

      McAllen Commercial Land & Building

      Prime McAllen location; versatile commercial space.
      7701 29Th St, McAllen, TX 78504
      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.
    4120 23rd St
    Mcallen, TX 78504-4105
    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!