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Property profile & analytics
FOR SALE
Assisted living facilities

4513 W Us Highway 83 McAllen, TX 78501

8,040 SF 0.72 ac lot Built 2003
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US82-1887855
Property summary
AI-generated overview

This exceptional commercial property, located at 4513 W US Highway 83 in McAllen, Texas, presents a unique investment opportunity. Built in 2003, the 8,040 square foot building sits on a substantial 31,493.88 square foot lot and is ideally suited for a variety of uses, including law offices, dental or medical practices, corporate offices, or daycare centers. Previously utilized as an assisted living facility, the property boasts 14 resident rooms, each with a private full bathroom. In addition, there are six generously sized private offices, a reception desk, and a welcoming front lobby. The building also features a large open central area perfect for meetings or gatherings. The kitchen is equipped with a grease trap, reverse osmosis system, and water softener. Ample parking is provided by a striped asphalt lot accommodating 17 vehicles, with additional green space available in the side and back yards, offering potential for outdoor employee or resident use. The property is ADA compliant. While some renovations may be needed, this presents a compelling opportunity for ownership or investment in a prime McAllen location. The property's zoning and permitted uses should be verified independently.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2003
Total area 8,040 SF
Lot 0.72 ac (31,494 SF)
Zoning code CO
APN B2835-00-000-0001-00
UPID US82-1887855
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Patterson Group Enterprises LLC · 15 yrs held
Patterson Group Enterprises LLC
since 2010
5 recorded transactions
2018
Price N/A
2010
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source revised UDC
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