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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Bars & Pubs
1050 Sugar Rd Pharr, TX 78577-2205
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-1428372
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1983
Total area
9,542 SF
Lot
1.11 ac (48,447 SF)
APN
A2600-00-000-0002-00
UPID
US82-1428372
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$540k
Owner & transaction history
Red Tape INC · 9 yrs held
Red Tape INC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$57 / 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
$18,958
Tax year 2022
Assessed value
$675,895
Assessed 2023
Previous assessed
$675,895
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$290,693
Assessed improvement
$385,202
Land market value
$290,693
Improvement market value
$385,202
Total market value
$675,895
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
9,542 SF
Lot
1.11 ac (48,447 SF)
APN
A2600-00-000-0002-00
UPID
US82-1428372
Jurisdiction
HIDALGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.11 ac
Current owner
From public records · entity-resolved
Red Tape INC
Entity
Mailing address
1050 N SUGAR RD, PHARR, TX 78577-2205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2016
—
Red Tape INC
—
Deed
related
$800,000 · International Bk/commerce
May 19, 2016
—
Red Tape II INC
—
Deed
related
$152,973 · Lone Star Nat'l Bk
Jan 4, 2010
—
Red Tape II INC
—
Trustees Deed
related
$100,000 · Lone Star National Bank
Dec 1, 2008
—
Red Tape II INC
—
Trustees Deed
related
$100,000 · Lone Star Nat'l Bk
Aug 21, 2007
—
Red Tape II INC
—
Trustees Deed
related
$572,970 · Lone Star Nat'l Bk
—
—
Red Tape II INC
—
Deed Of Trust
related
$78,403 · Lone Star National Bank
—
—
Red Tape II INC
—
Deed Of Trust
related
$364,410 · Lone Star National Bank
—
—
Red Tape II INC
—
Deed Of Trust
related
$100,000 · Lone Star National Bank
—
—
Red Tape II INC
—
Deed Of Trust
related
$345,154 · Lone Star National Bank
—
—
Red Tape II INC
—
Deed Of Trust
related
$361,817 · Lone Star National Bank
—
—
Red Tape II INC
—
Loan Modification
related
$48,237 · Lone Star Nat'l Bk
—
—
Red Tape II INC
—
Deed Of Trust
related
$250,000 · Lone Star National Bank
—
—
Red Tape II INC
—
Deed Of Trust
related
$354,261 · Lone Star National Bank
—
—
Red Tape II INC
—
Loan Modification
related
$152,973 · Lone Star Nat'l Bk
—
—
Red Tape INC
—
Deed Of Trust
related
$800,000 · International Bk/commerce
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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