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Property profile & analytics
OFF-MARKET
Estimated value
$27,525,000
Hospitals
101 Rdg Rd Mcallen, TX 78503-1248
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-2321345
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1989
Total area
147,630 SF
Lot
13.03 ac (567,513 SF)
Zoning code
CO
APN
M2070-00-000-0001-00
UPID
US82-2321345
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
-
Rio Grande Regional Hospital Lab Services Medical Laboratory
-
Rio Grande Regional Hospital: Martinez III Angel MD Physician
-
Rio Grande Regional Hospital: Wong Antonio MD Physician
-
Emergency Room at Rio Grande Regional Hospital Hospital
-
Rio Grande Regional Hospital : Bariatric Surgery Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.44M
Comparable Approach
Comparable
$25.61M
Blend (final)
Blend
$27.53M
Owner & transaction history
Columbia Rio Grande Healthcare · 8 yrs held
Columbia Rio Grande Healthcare
since 2018
2 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$37.9M
+120.7%
Auto repair, garage
$28.9M
+68.1%
Warehouse, storage
$17.4M
+1.4%
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%
$31,890,000
6.5%
$29,435,000
7%
$27,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$17,195,000
Current use
OFFICE BUILDING
$37,945,000
Change: +121% · Conversion: Easy
AUTO REPAIR, GARAGE
$28,900,000
Change: +68% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,430,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,860,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$27.53M
Range $24.77M – $30.28M · ±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
$186 / 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
$813,333
Tax year 2022
Assessed value
$40,666,632
Assessed 2023
Previous assessed
$40,666,632
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$6,980,410
Assessed improvement
$33,686,222
Land market value
$6,980,410
Improvement market value
$33,686,222
Total market value
$40,666,632
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1989
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
147,630 SF
Lot
13.03 ac (567,513 SF)
Zoning code
CO
APN
M2070-00-000-0001-00
UPID
US82-2321345
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
MEDICAL BUILDING Current
Est. value
$17.2M
OFFICE BUILDING
Est. value
$37.9M
AUTO REPAIR, GARAGE
Est. value
$28.9M
WAREHOUSE, STORAGE
Est. value
$17.4M
COMMERCIAL (GENERAL)
Est. value
$16.9M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
13.03 ac
Current owner
From public records · entity-resolved
Columbia Rio Grande Healthcare
Individual
Mailing address
PO BOX 1504, NASHVILLE, TN 37202-1504
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
—
Columbia Rio Grande Healthcare
—
Deed
related
$1,500,000 · Bank Of America
—
—
Columbia Rio Grande Healthcare
—
Loan Modification
related
$1,500,000 · Bank Of America
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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