Technical
Financial
Distress signals
Property profile

5901 23rd St R1 Mcallen, TX 78503

OFF-MARKET
Warehouses
Property ID
US82-5056595
5,700 SF 0.4 ac lot Built 2021
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,700 square foot industrial warehouse is situated in the desirable Warehouse Kingdom Phase 2 Industrial Park in McAllen, Texas. Boasting a prime location at the northeast corner of Military Highway and South 23rd Street, this new construction property offers unparalleled accessibility. Its strategic placement provides convenient access to major transportation arteries, including a mere 9.3 miles to the Pharr International Bridge (the primary commercial crossing for the McAllen Metropolitan Statistical Area), 4.5 miles to Interstate 2, and 10 miles to the Anzalduas International Bridge. The warehouse itself is delivered in shell condition, allowing for complete customization to suit specific business needs. Key features include a generous 28-foot clear height, providing ample vertical space for storage or operations. Three dock-high doors equipped with pit levelers ensure efficient loading and unloading of goods. The property sits on a sizable 0.4-acre lot, offering potential for future expansion or outdoor storage. This is a rare opportunity to acquire a brand-new, strategically located industrial space in a thriving commercial hub. The asking price for this exceptional property is $1,111,500. Don't miss out on this chance to secure your business's future in a prime McAllen location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2021
Total area 5,700 SF
Lot 0.4 ac (17,350 SF)
APN T4061-02-100-00R1-00
UPID US82-5056595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5901 23rd St, Unit R1 Mcallen, TX 78503
Mcallen metro Census 20507 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$645k
Comparable Approach Comparable
$642k
Blend (final) Blend
$335k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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