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Property profile & analytics
OFF-MARKET
Estimated value
$6,970,000
Showrooms
1101 Expy 83 Mcallen, TX 78503-8415
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-4055840
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
65,898 SF
Lot
3.74 ac (162,697 SF)
Zoning code
CO
APN
T6620-00-000-0001-00
UPID
US82-4055840
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
-
ToysRUs (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Floor & Decor Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.42M
Blend (final)
Blend
$6.97M
Owner & transaction history
Meymar Property Holdings LLC · 4 yrs held
Meymar Property Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.8M
+3.4%
Medical building
$7.7M
+2.0%
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
COMMERCIAL (GENERAL)
$7,525,000
Current use
WAREHOUSE, STORAGE
$7,780,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$7,675,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$6.97M
Range $6.27M – $7.67M · ±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
$106 / 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
$103,969
Tax year 2022
Assessed value
$5,198,449
Assessed 2023
Previous assessed
$5,198,449
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,952,359
Assessed improvement
$3,246,090
Land market value
$1,952,359
Improvement market value
$3,246,090
Total market value
$5,198,449
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
65,898 SF
Lot
3.74 ac (162,697 SF)
Zoning code
CO
APN
T6620-00-000-0001-00
UPID
US82-4055840
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
COMMERCIAL (GENERAL) Current
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL 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
2021
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.74 ac
Current owner
From public records · entity-resolved
Meymar Property Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6500 MONTANA AVE STE A, EL PASO, TX 79925-2139
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Meymar Property Holdings LLC
Meymar Family LP
Deed Of Distribution
—
Jul 10, 2020
—
1101 Mcallen Retail Ptrs LP
—
Deed
related
$3,225,000 · Independent Bk
Dec 19, 2018
—
1101 Mcallen Retail Partners LP
Tru Trust 2016 LLC
Venders Lien
$3,225,000 · Independent Bank
Sep 4, 2018
—
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Grant Deed
—
Nov 7, 2016
—
Toys R Us Property Co II LLC
—
Deed
related
$512,000,000 · Goldman Sachs Mtg
Jul 29, 2005
—
Giraffe Properties LLC
Toys R Us-delaware INC
Grant Deed
$425,000,000 · German American Capital Corp
—
—
1101 Mcallen Retail Ptrs LP
—
Loan Modification
related
$3,225,000 · Independent Bk
—
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$512,000,000 · Goldman Sachs Mtg
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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