4513 W Us Highway 83 McAllen, TX 78501
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CO · Mcallen, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.