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

    Main Ave, TX

    • Medical offices
    • 2,064 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9540250
    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

    • Medical offices

    Property Details

    Year built
    2006
    Lot size
    0.21 lot acres
    Property size
    2,064 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    A6081-00-000-00A1-00
    APU
    A60810000000A100

    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
    Main Ave
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3282
    Latitude
    26.2896
    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
    $4,643
    $42,096
    $147,166
    $189,262
    -
    $42,096
    $147,166
    $189,262

    Comparable in this City

    • Value Estimation
      $765,000
      5,400 SF

      Paisano Dr

      MEDICAL BUILDING • 5,400 SF
      Paisano Dr, El Paso, TX
      View Details
    • Value Estimation
      $1,145,000
      7,714 SF

      12201 Bear Plz

      MEDICAL BUILDING • 7,714 SF
      12201 Bear Plz, Fort Worth, TX
      View Details
    • Value Estimation
      $4,960,000
      39,388 SF

      12500 Ss Fwy

      MEDICAL BUILDING • 39,388 SF
      12500 Ss Fwy, Fort Worth, TX
      View Details
    • Value Estimation by Request
      709 SF

      S

      MEDICAL BUILDING • 709 SF
      S, Bryan Rd, TX
      View Details
    • Value Estimation by Request
      598 SF

      S

      MEDICAL BUILDING • 598 SF
      S, Bryan Rd, TX
      View Details
    • Value Estimation by Request
      1,900 SF

      Expressway

      MEDICAL BUILDING • 1,900 SF
      Expressway, 83, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,535 SF

      Office Building with Investment Income

      Office building for sale with tenant and occupancy opportunities.
      615 W Hardwood Rd, Hurst, TX
      View Details
    • $3,647,170

      DaVita Built-To-Suit NNN Property

      NNN property leased to DaVita with corporate guarantee.
      1006 I-2, Donna, TX
      View Details
    • $2,250,000
      2,577 SF

      Net Lease Animal Hospital

      Corporate-backed animal hospital for sale in Richland Hills, TX.
      7610 Glenview Dr, Richland Hills, TX
      View Details
    • Contact for pricing

      Entitled Assisted Living Development Site

      100-bed assisted living/memory care development site with approved permits.
      12016 Archeleta Blvd, Austin, TX
      View Details
    • Contact for pricing
      15,272 SF

      Frisco Medical Office Space

      Fully occupied medical office in Frisco Medical Corridor.
      3535 Victory Group Way, Frisco, TX
      View Details
    • $1,640,000
      5,584 SF

      Medical Office Investment Opportunity

      NNN leased medical office building with long-term tenant.
      820 S Carrier Pkwy, Dallas, TX
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,024 SF

      Freestanding ER in Flower Mound

      Vacant ER with operating room, lab, and imaging infrastructure.
      4351 Long Pr Rd, Lewisville, TX
      View Details
    • Contact for pricing
      2,328 SF

      Medical Suites Available for Rent

      Turn-key medical suites with surgery center and imaging center.
      3400 Ih 30, Mesquite, TX
      View Details
    • Contact for pricing
      16,220 SF

      Ambulatory Surgical Center For Rent

      Single-story surgical center with highway access near Baylor Grapevine.
      2040 W State 114 Hwy, Grapevine, TX
      View Details
    • $18 SF/Yr
      2,832 SF

      Medical Space Available For Lease

      2,832 SF medical space with exam and ultrasound rooms.
      7619 Branford Pl, Sugar Land, TX
      View Details
    • $26 SF/Yr
      10,100 SF

      Kingwood Medical Center Office Space

      New construction office space near Kingwood Medical Center.
      23051 Kingwood Pl Dr, Kingwood, TX
      View Details
    • Contact for pricing
      1,200 SF

      New Construction Retail/Office/Medical Space

      New construction retail, medical, or office space in Bee Cave.
      15955 State Hwy, Bee Cave, TX
      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.
    Main Ave, TX
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.