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

    4400 23rd St Mcallen, TX 78503-7564

    • Showrooms
    • 5,238 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4050608
    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

    • Mercado District - Food Hall | Shoppes | Live Music / Restaurant
    • Premium Gold- Extra Virgin Olive Oils and Balsamic vinegars / Big Box & Wholesale Store / Food Market
    • SYNERGŌ wellness advocate / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Bazaar at Mercado / (Bike/Boat/Book/etc) Store
    • The Closet Worm / Food Market / Farmer's Market

    Property Details for 4400 23rd St

    Year built
    1990
    Lot size
    0.29 lot acres
    Property size
    5,238 SF
    Property type
    Showrooms
    APN
    B0300-00-002-0019-00
    APU
    B030000002001900

    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
    -98.2523
    Latitude
    26.1665
    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
    $4,286
    $85,605
    $128,692
    $214,297
    -
    $85,605
    $128,692
    $214,297

    Comparable in this City

    • Value Estimation
      $13,645,000
      132,826 SF

      708 Expy 83

      SHOW ROOM, WAREHOUSE • 132,826 SF
      708 Expy 83, Mcallen, TX 78503-1609
      View Details
    • Value Estimation
      $11,775,000
      121,322 SF

      1200 Expy 83

      SHOW ROOM, WAREHOUSE • 121,322 SF
      1200 Expy 83, Mcallen, TX 78503-1618
      View Details
    • Value Estimation
      $23,500,000
      142,663 SF

      1400 Jackson Ave

      SHOW ROOM, WAREHOUSE • 142,663 SF
      1400 Jackson Ave, Mcallen, TX 78503-1601
      View Details
    • Value Estimation
      $2,075,000
      45,134 SF

      2904 23rd St

      SHOW ROOM, WAREHOUSE • 45,134 SF
      2904 23rd St, Mcallen, TX 78503-5674
      View Details
    • Value Estimation
      $675,000
      5,280 SF

      4000 23rd St

      SHOW ROOM, WAREHOUSE • 5,280 SF
      4000 23rd St, Mcallen, TX 78503
      View Details
    • Value Estimation by Request
      2,220 SF

      4502 23rd St

      SHOW ROOM, WAREHOUSE • 2,220 SF
      4502 23rd St, Mcallen, TX 78503-7565
      View Details

    Similar Nearby for Sale

    • $1,529,000
      2.34 Acres

      McAllen Commercial Land - $1.5M

      2.34 Acres, High Traffic, Prime Location
      717 Ridge Rd, McAllen, TX 78503
      View Details
    • $3,000,000
      1.34 Acres

      McAllen Hotel Investment Opportunity

      Prime McAllen hotel, 60 rooms, high growth area.
      3201 10Th St, McAllen, TX 78503
      View Details
    • $425,000
      3,850 SF

      Established Automotive Shop Opportunity

      Long-standing auto mechanic shop available for sale.
      215 N 2Nd St, McAllen, TX 78503
      View Details
    • $5,000,000
      13,585 SF

      Established Restaurant in High Traffic

      Well-established restaurant in McAllen, TX, near hotels and airport.
      601 Expressway 83 W, McAllen, TX 78503
      View Details
    • Contact for pricing
      35.40 Acres

      Prime 35-Acre Hidalgo County Land

      Agricultural land near McAllen, TX.
      0 Dicker Rd, Hidalgo, TX 78503
      View Details
    • $699,000
      2.98 Acres

      McAllen Industrial Land - $699K

      2.98-acre commercial lot, I-2 zone.
      7337 Bentsen Rd, McAllen, TX 78503
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      960 SF

      Retail Space in High-Traffic Plaza

      960 SF retail suite in thriving McAllen commercial corridor.
      1410 S Jackson Rd, McAllen, TX 78503
      View Details
    • $32 SF/Yr
      10,800 SF

      Retail Space in High-Traffic Area

      New retail development near Expressway 83, ideal for various businesses.
      4201 W Expy 83 Hwy, McAllen, TX 78503
      View Details
    • $11,122 /Mo
      6,278 SF

      Restaurant Space Near La Plaza

      Restaurant space for rent in front of a major mall.
      2011 S 10Th St, McAllen, TX 78503
      View Details
    • New
      $24 SF/Yr
      21,500 SF

      Prime Retail Space in McAllen

      High-visibility retail space available in a busy McAllen center.
      2017 C St, McAllen, TX 78503
      View Details
    • $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
    • $1,600 /Mo
      46,265 SF

      Hotel Storefront Opportunity in McAllen

      Commercial space in high-traffic hotel, ideal for retail.
      2000 S 10Th St, McAllen, TX 78503
      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.
    4400 23rd St
    Mcallen, TX 78503-7564
    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.