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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2713 Israel Ave Mission, TX 78573

    • Apartment buildings
    • 4,319 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2713 Israel Ave

    Year built
    2024
    Lot size
    0.26 lot acres
    Property size
    4,319 SF
    Property type
    Apartment buildings

    Description

    Exceptional investment opportunity awaits with this newly constructed four-plex located at 2713 E Israel Ave, Alton, TX 78573, in Hidalgo County. This meticulously built property boasts 4,319 square feet across four units, all currently 100% occupied, generating immediate cash flow. Built in 2024, this Class B multifamily investment offers a compelling 9.03% cap rate with a Net Operating Income (NOI) of $48,286. The property sits on a 0.26-acre lot and features a single-story design across two buildings. The stabilized investment nature ensures minimal vacancy risk and immediate return on investment. Low maintenance costs are expected due to the new construction, minimizing operational expenses. This property presents a unique opportunity to capitalize on significant tax benefits through depreciation, while also benefiting from the potential for appreciation in a rapidly growing market. The property's prime location provides tenants with convenient access to local amenities, ensuring high demand and long-term tenant retention. This turnkey investment is perfect for those seeking immediate income and long-term growth potential. The asking price is $535,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2914
    Latitude
    26.2744

    Comparable in this City

    • Value Estimation by Request
      7.44 Acres

      2215 Main Ave

      Multifamily properties • 7.44 Acres
      2215 Main Ave, Alton, TX 78573
      View Details
    • Value Estimation by Request

      1013 Mahala Ave

      Multifamily properties
      1013 Mahala Ave, Alton, TX 78573
      View Details
    • Value Estimation by Request

      000 Malaga Ln

      Multifamily properties
      000 Malaga Ln, Mission, TX 78573
      View Details
    • Value Estimation by Request

      909 Maryland St

      Multifamily properties
      909 Maryland St, Alton, TX 78573
      View Details
    • Value Estimation by Request

      1009 Mahala Ave

      Multifamily properties
      1009 Mahala Ave, Alton, TX 78573
      View Details
    • Value Estimation by Request

      5212 Taylor Rd

      Multifamily properties
      5212 Taylor Rd, Mission, TX 78573
      View Details

    Similar Nearby for Sale

    • $360,000

      Alton, TX Multifamily Investment

      Four-unit apartment building, excellent location.
      3102 Diamondhead Ave, Alton, TX 78573
      View Details
    • $525,000
      4,190 SF

      Alton, TX Multifamily Investment

      Eight-unit apartment complex, prime location.
      1414 Michigan St, Alton, TX 78573
      View Details
    • $105,000

      Alton Fourplex Development Opportunity

      Build your dream fourplex in prime Alton location.
      1317 Michigan St, Alton, TX 78573
      View Details
    • $300,000

      Mission, TX Apartment Development Land

      3.71-Acre Multifamily Development Opportunity
      000 Malaga Ln, Mission, TX 78573
      View Details
    • $539,500
      4,168 SF

      Mission, TX Multifamily Investment

      Brand new, fully leased 4-unit complex
      2904 Israel Ave, Mission, TX 78573
      View Details
    • $498,000
      4,080 SF

      Alton, TX Fourplex - $498K

      Brand new, fully leased fourplex in Alton, TX.
      1308 Yankton St, Alton, TX 78573
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      40,511 SF

      Commercial Land in High-Traffic Area

      Corner lot land for lease in Alton, Texas.
      700 Alton Blvd, Mission, TX 78573
      View Details
    • $2,800 /Mo
      1,760 SF

      Alton Commercial Property For Lease

      Commercial property in high-traffic area suitable for various businesses.
      610 S Alton Blvd, Mission, TX 78573
      View Details
    • $1,100 /Mo
      4,477 SF

      New Retail Suites in Alton, TX

      New business plaza with retail suites for rent in Alton.
      514 S Alton Blvd, Mission, TX 78573
      View Details
    • $2 SF/Yr
      4,477 SF

      Alton Boulevard Commercial Land Opportunity

      Prime Commercial Land: New Plaza, High Visibility
      514 Alton Blvd, Alton, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Mission Retail/Office Space Available

      Retail and office suites available for lease in Mission, TX.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $13 SF/Yr
      6,552 SF

      Mission, TX Commercial Property

      Warehouse/Office Space - 6,552 sq ft
      000 State Highway 107, Mission, TX 78573
      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.
    2713 Israel Ave
    Mission, TX 78573
    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.