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Property profile & analytics
FOR LEASE
Office buildings
1100 E Jasmine Ave McAllen, TX 78504
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-2352056
For Lease
1 / 4
$4,310,000
1100 E Jasmine Ave, McAllen, TX 78504
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
33,398 SF
Lot
2.87 ac (125,152 SF)
Zoning code
CO
APN
F6030-11-000-000B-00
UPID
US82-2352056
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
-
Broaddus & Associates Consultant
-
Guzman & Munoz Engineering Engineer
-
Klein, Katie Pearson Law Firm
-
Morris Martin E Law Firm
-
Roy S Dale Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.50M
Blend (final)
Blend
$4.31M
Owner & transaction history
Pidco Legacy LLC · 7 yrs held
Pidco Legacy LLC
since 2019
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+30.5%
Commercial (general)
$3.7M
+5.8%
Restaurant
$3.7M
+4.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,535,000
Current use
AUTO REPAIR, GARAGE
$4,610,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,740,000
Change: +6% · Conversion: Easy
RESTAURANT
$3,700,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$3,255,000
Change: -8% · Conversion: Easy
RETAIL STORES
$3,245,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.31M
Range $3.88M – $4.74M · ±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
$129 / 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
$76,967
Tax year 2022
Assessed value
$3,687,395
Assessed 2023
Previous assessed
$3,687,395
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$750,912
Assessed improvement
$2,936,483
Land market value
$750,912
Improvement market value
$2,936,483
Total market value
$3,687,395
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
33,398 SF
Lot
2.87 ac (125,152 SF)
Zoning code
CO
APN
F6030-11-000-000B-00
UPID
US82-2352056
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
OFFICE BUILDING Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Pidco Legacy LLC
Entity
Mailing address
950 E BASSE RD, SAN ANTONIO, TX 78209-1831
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Pidco Legacy LLC
—
Deed
related
$2,804,217 · Broadway Bk
May 9, 2019
—
Pidco Legacy LLC
Iph Property Management LP
Venders Lien
$2,865,000 · Broadway National Bank
Aug 9, 2018
—
Iph Property Management LP
—
Deed
related
$2,400,000 · International Bk/commerce
Jan 30, 2017
—
Iph Property Managment LP
—
Deed
related
$85,000 · International Bk/commerce
Jul 7, 2004
—
Iph Property Management
495 Commerce Center Ptrs Ltd
Grant Deed
related
—
—
—
Iph Property Managment LP
—
Loan Modification
related
$2,400,000 · International Bk/commerce
—
—
Pidco Legacy LLC
—
Loan Modification
related
$2,804,217 · Broadway Bk
—
—
Iph Property Management LP
—
Deed Of Trust
related
$2,400,000 · International Bk/commerce
—
—
Iph Property Managment LP
—
Deed Of Trust
related
$85,000 · International Bk/commerce
—
—
Iph Property Management LP
—
Loan Modification
related
$2,400,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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