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    Mere Flores, Mcallen, TX

    License ID: 0699895
    Years of Experience
    6
    Association
    Greater Mc Allen Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (956) 223-6011
    Office Address:
    1821 N. 23rd Street, Suite 203, McAllen, TX 78501

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    23
    Total transactions
    58
    Total transactions amount
    $10M
    Price range
    $115k - 258k
    Average price
    $172k

    Listings

    For Sale (23)

    View map
    • $160,000
      0.19 Acres

      Commercial Lot in Bustling Area

      Commercial lot in a high-traffic, thriving business community.
      6703 S Jackson Rd, Pharr, TX 78577
      View Details
    • $350,000
      1,800 SF

      Mission, TX Commercial Property

      Prime real estate suitable for retail, daycare, office spaces.
      7710 Expressway 83 W, Mission, TX 78572
      View Details
    • $70,000
      0.18 Acres

      Residential Land in McAllen, TX

      Land for sale in North McAllen, perfect for building.
      2609 Linva Ave, McAllen, TX 78541
      View Details
    • $70,000
      0.18 Acres

      Residential Land in North McAllen

      Land for building a dream home in North McAllen.
      2701 Linva Ave, McAllen, TX 78541
      View Details
    • $380,000
      460 SF

      Pharr Commercial Property For Sale

      Commercial property with office space on high-traffic street in Pharr.
      3301 N Veterans Blvd, Pharr, TX 78577
      View Details
    • $195,000
      1,721 SF

      Mission, TX Mixed-Use Opportunity

      Mixed-use property in growing Mission, TX. Residential and commercial potential.
      5923 W Mile 5 Rd N, Mission, TX 78574
      View Details
    • $450,000
      10.00 Acres

      Mission, TX Development Opportunity

      10 acre tract in growing Mission, TX. Development opportunity.
      10345 N Moorefield Rd, Mission, TX 78574
      View Details
    • $1,600,000
      12.15 Acres

      Prime Vacant Land Opportunity

      12.15-acre vacant land, great for investment and development.
      Shary Rd, Mission, TX 78573
      View Details
    • $75,000
      0.16 Acres

      Land with Approved Home Plans

      Land in San Juan with permits and blueprints included.
      706 Ebony St, San Juan, TX 78589
      View Details
    • $111,822
      0.28 Acres

      Residential Lots in Mission, TX

      Residential lots available for new construction in Mission, Texas.
      7120 N 71 Ln, Mission, TX 78573
      View Details
    • $73,820
      0.19 Acres

      Residential Lots in Mission, TX

      Residential lots available in new subdivision, Sharyland School District.
      9703 N 71 Ln, Mission, TX 78573
      View Details
    • $179,000
      0.52 Acres

      Commercial Land in High Traffic

      Commercial property in high-traffic area, great for various businesses.
      San Juan, TX 78589
      View Details
    • $860,000
      3.28 Acres

      Prime Commercial Land, McAllen, TX

      3.28-acre lot with high investment potential in McAllen, TX.
      1401 E Jonquil Ave, McAllen, TX 78501
      View Details
    • $160,000
      0.19 Acres

      Commercial Lot in Bustling Area

      Commercial lot in a high-traffic, thriving business community.
      6703 S Jackson Rd, Pharr, TX 78577
      View Details
    • $125,900
      0.26 Acres

      Mission, TX Land Opportunity

      Land ready for construction of multi-unit residential project.
      Mtn Dr, Mission, TX 78573
      View Details
    • $125,000
      Pending

      Residential Land in Gated Subdivision

      Residential land for sale in a private, gated subdivision.
      2009 Rochester Ave, Edinburg, TX 78539
      View Details
    • $900,000
      3.28 Acres

      McAllen Multifamily Investment Opportunity

      3.28-Acre Lot, Prime Location, High Potential
      1401 Jonquil Ave, McAllen, TX 78501
      View Details
    • $380,000

      Prime Pharr Commercial Land

      Restaurant/Retail Opportunity, High Traffic
      3301 Veterans Blvd, Pharr, TX 78577
      View Details
    • $4,700,000
      35,750 SF

      Mission, TX Apartment Complex

      35-Unit Multifamily Investment Opportunity
      2210 1St St, Mission, TX 78572
      View Details
    • $160,000
      8,400 SF

      Prime Pharr Retail Space

      High-traffic retail space, 8,400 sq ft.
      6703 Jackson Rd, Pharr, TX 78577
      View Details
    • $590,000
      2.08 Acres

      Ware Road Commercial Land Opportunity

      High-traffic McAllen land with existing income.
      4620 Ware Rd, McAllen, TX 78504
      View Details
    • $179,000

      San Juan Commercial Land Investment

      High-traffic commercial land, half-acre lot.
      0 Business 83, San Juan, TX 78589
      View Details
    • $350,000

      Expressway 83 Commercial Property

      Prime Texas land, office, & warehouse.
      7710 Expy, Palmview, TX 78572
      View Details

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    Mere Flores, Mcallen, TX
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    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.

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    Mere Flores, Mcallen, TX
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