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$618,752

917 E Esperanza Ave, MCALLEN, TX, 78501

Off MarketInfo
Baths0 Bath
Baths4,650 Sq Ft
price_per_sqft$182.8 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size19,550 sqft

Building Information

Year Built2005
Stories1
Roof Type183

Land Information

APNS6885-00-000-0021-00
Lot Number21
SubdivisionSummit Park North - Sml
Land UseCommercial
Legal DescriptionSUMMIT PARK NORTH LOT 21 & 22
Census Tract020907
Assessed Land Value$122,461
Assessed Improvement Value$496,291
Assessment Year2025

About this property

Presenting a remarkable office space opportunity, combining modern design with functionality. Located near McAllen's bustling medical district, 917 E Esperanza Ave offers a prime 4,650 sq ft office space on a 0.29-acre lot, The layout includes a reception area, multi-functional lobby/training area, and a private meeting room, ideal for various business activities. A unique middle island provides additional public office space, surrounded by eight private offices, and a kitchenette, fostering both collaboration and privacy. High-quality fully equipped space, built-in Herman Miller chairs and Steelcase office panel systems enhance the interior's comfort and productivity. Ample parking, including a rear carport area featuring six additional spots and two exits, ensures accessibility. Its location in an energetic neighborhood, with a balanced noise level, makes it ideal for businesses seeking a dynamic yet peaceful setting.

Investor Tools

Property Icon
$618,752
Estimated Property Value
$335,000Estimated Mortgage Balance
$295,791Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$907/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,790
$618,752
2025
$122,461
$496,291
$618,752
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,790
$618,752

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank In Falfurrias
Purchase Money Mortgage
$335,000
No
First
Apr 16, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,961
$295,791
47%
52%
$2,009/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: MCALLEN

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917 E Esperanza Ave | Property Details | No Agent List