Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4900 23rd St Mcallen, TX 78504-4011
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4900 23rd St Mcallen, TX 78504-4011

    View on Map
    • Office buildings
    • 4,464 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Mar 19, 2021
    Property ID
    US82-5153121
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • davilaventures / Insurance Agency
    • Alejandro Bakery & Pizza Factory / Bakery / Specialty Food Shop
    • Hidalgo County Republican Party Headquarters / Advocacy Group / Volunteer Organization

    Property Details for 4900 23rd St

    Year built
    1985
    Lot size
    0.98 lot acres
    Property size
    4,464 SF
    Zone code
    CO
    Property type
    Office buildings
    APN
    M2250-02-000-0003-00
    APU
    M225002000000300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $568,000
      Market price range: $354k - $688k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $515,000
      Current use
      AUTO REPAIR, GARAGE
      $620,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $435,000
      Change: -15% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $425,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2374
    Latitude
    26.2502
    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
    $9,187
    $251,517
    $207,815
    $459,332
    -
    $251,517
    $207,815
    $459,332

    Comparable in this City

    • Value Estimation by Request
      913 SF

      612 Nolana Ave Ste, Unit 415

      OFFICE BUILDING • 913 SF
      612 Nolana Ave Ste, Mcallen, TX 78504-3089
      View Details
    • Value Estimation by Request
      792 SF

      11000 29th St

      OFFICE BUILDING • 792 SF
      11000 29th St, Mcallen, TX 78504-9476
      View Details
    • Value Estimation by Request
      1,122 SF

      210 Nolana Ave

      OFFICE BUILDING • 1,122 SF
      210 Nolana Ave, Mcallen, TX 78504-2582
      View Details
    • Value Estimation by Request
      860 SF

      210 Nolana Ave

      OFFICE BUILDING • 860 SF
      210 Nolana Ave, Mcallen, TX 78504-2582
      View Details
    • Value Estimation
      $1,605,000
      11,256 SF

      3801 Nolana Ave

      OFFICE BUILDING • 11,256 SF
      3801 Nolana Ave, Mcallen, TX 78504-4554
      View Details
    • Value Estimation by Request
      1,500 SF

      505 Nolana Ave

      OFFICE BUILDING • 1,500 SF
      505 Nolana Ave, Mcallen, TX 78504-3029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,960 SF

      Spacious Multi-Use Building For Sale

      Versatile building suitable for offices, conferences, or other commercial uses.
      2030 Orchid Ave, McAllen, TX 78504
      View Details
    • Contact for pricing

      McAllen Office Building For Sale

      Office building featuring approximately 2,330 square feet. Leased out.
      4020 N 22Nd St, McAllen, TX 78504
      View Details
    • New
      $990,000
      0.94 Acres

      Prime Commercial Land in McAllen

      High-visibility commercial land in a thriving McAllen business corridor.
      9717 N 10Th St, 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
    • $13,100,000

      Tilt Wall Building For Sale

      First-class tilt wall building with office and production space.
      1400 East Nolana Ave, McAllen, TX 78504
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,361 SF

      McAllen Commercial Land & Building

      1.45 Acres, 1361 sq ft, 40 Parking Spaces
      7701 29Th St, McAllen, TX 78504
      View Details
    • Contact for pricing

      Central McAllen Retail and Office

      Retail and office spaces in central McAllen, Texas.
      3400 N Mccoll Rd, McAllen, TX 78504
      View Details
    • Contact for pricing

      Pad Site on N. McColl

      Build-to-suit pad site with excellent visibility available for lease.
      601 E Nolana Ave, McAllen, TX 78504
      View Details
    • $1.20 SF/Yr

      Professional Office Space Available

      Office space with high exposure in a prime location.
      525 Nolana Ave, McAllen, TX 78504
      View Details
    • $17 SF/Yr

      Functional Office Space Available

      Well-designed office space in high-traffic McAllen corridor.
      601 E Nolana 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.
    4900 23rd St
    Mcallen, TX 78504-4011
    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!