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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
1001 Redbud Ave Mcallen, TX 78504-2616
Entity Owned
5-yr Hold
Property ID
US82-1850709
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Total area
3,950 SF
Lot
3.99 ac (173,595 SF)
Zoning code
CO
APN
L2490-02-05A-0000-00
UPID
US82-1850709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Lakes Apartments Apartment Building
-
Redbud Place Apartments Apartment Building Furnished Apartment Building
-
Adrian's apartment Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$745k
Owner & transaction history
East Redbud LLC · 5 yrs held
East Redbud LLC
since 2020
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$550,000
+75.2%
Office building
$455,000
+46.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mcallen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcallen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$550,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$189 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$98,709
Tax year 2022
Assessed value
$4,935,455
Assessed 2023
Previous assessed
$4,935,455
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,562,373
Assessed improvement
$3,373,082
Land market value
$1,562,373
Improvement market value
$3,373,082
Total market value
$4,935,455
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
3,950 SF
Lot
3.99 ac (173,595 SF)
Zoning code
CO
APN
L2490-02-05A-0000-00
UPID
US82-1850709
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TX
Zoning CO · permitted uses
CO · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcallen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$550,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Lot
3.99 ac
Current owner
From public records · entity-resolved
East Redbud LLC
Entity
Mailing address
532 SKAMANIA LNDG RD, STEVENSON, WA 98648-6139
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2020
—
East Redbud LLC
Steve Patzer
Special Warranty Deed
$3,371,000 · Sabal Capital II LLC
Jul 19, 2017
—
Steve Patzer
Mcallen Lakes LLC
Venders Lien
$3,000,000 · North American Savings Bank Fsb
Dec 14, 2010
—
Mcallen Lakes LLC
Redbud Lakes LLC
Special Warranty Deed
$2,345,500 · International Bank Of Commerce
Apr 6, 2010
$3,385,000
Redbud Lakes LLC
Neilson Chris
Trustees Deed
related
—
Feb 10, 2006
—
Lakes Apartments Ltd
Evening Shade Ltd
Warranty Deed
$4,125,000 · Inland Mortgage Capital Corp
Jul 27, 2004
—
Evening Shade Ltd
—
Trustees Deed
related
$500,000 · Texas State Bank Mcallen
—
—
Mcallen Lakes LLC
—
Deed Of Trust
related
$3,000,000 · Arbor Commercial Funding LLC
—
—
Lakes Apartments Ltd
—
Deed Of Trust
related
$4,100,000 · Countrywide Com'l R E Fin
—
—
Evening Shade Ltd
—
Deed Of Trust
related
$500,000 · Texas State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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