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Property profile & analytics
FOR LEASE
Office buildings
1109 W Nolana Ave McAllen, TX 78504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-4526743
For Lease
1 / 2
$2,795/Mo
1109 W Nolana Ave, McAllen, TX 78504
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
28,976 SF
Lot
2.01 ac (87,499 SF)
APN
N3900-00-001-0002-00
UPID
US82-4526743
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.51M
Owner & transaction history
Chulos LLC · 3 yrs held
Chulos LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+19.8%
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
$3,355,000
Current use
AUTO REPAIR, GARAGE
$4,015,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: -15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,770,000
Change: -17% · Conversion: Difficult
RESTAURANT
$2,765,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$121 / 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
$50,038
Tax year 2022
Assessed value
$2,501,878
Assessed 2023
Previous assessed
$2,501,878
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$700,000
Assessed improvement
$1,801,878
Land market value
$700,000
Improvement market value
$1,801,878
Total market value
$2,501,878
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
1991
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
28,976 SF
Lot
2.01 ac (87,499 SF)
APN
N3900-00-001-0002-00
UPID
US82-4526743
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Chulos LLC
Entity
Mailing address
6112 N 5TH ST, MCALLEN, TX 78504-2260
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Chulos LLC
Cra Professional Plaza LLC
Venders Lien
$2,800,000 · Bank Of South Texas
Jan 24, 2020
—
Cra Professional Plaza LLC
Citrus City Ltd
Venders Lien
$3,060,000 · Lone Star National Bank
Sep 11, 2019
—
Citrus City Ltd
—
Deed
related
$100,000 · First Cmnty Bk
Jul 11, 2019
—
Citrus City Ltd
—
Trustees Deed
related
$100,000 · First Cmnty Bk
Jun 22, 2018
—
Citrus City Ltd
—
Deed
related
$100,000 · First Cmnty Bk
Apr 5, 2018
—
Citrus City Ltd
—
Deed
related
$100,000 · First Cmnty Bk NA
Mar 17, 2017
—
Citrus City Ltd
—
Trustees Deed
related
$100,000 · First Cmnty Bk
Nov 26, 2007
—
Citrus City Ltd
1031 Facilitators No 20 LLC
Warranty Deed
—
May 30, 2007
—
1031 Facilitators #20 LLC
G A Smith JR
Venders Lien
$3,150,000 · Texas State Bank
—
—
Citrus City Ltd
—
Loan Modification
related
$1,295,130 · Frost Bk
—
—
Citrus City Ltd
—
Loan Modification
related
$100,000 · First Cmnty Bk
—
—
Smith G A Living
—
Deed Of Trust
related
$1,515,000 · Cnl Commercial Finance INC
—
—
Citrus City Ltd
—
Deed Of Trust
related
$1,621,733 · Frost Bank
—
—
Citrus City Ltd
—
Loan Modification
related
$100,000 · First Cmnty Bk NA
—
—
Citrus City Ltd
—
Loan Modification
related
$100,000 · First Cmnty Bk
—
—
Smith G A Living
—
Deed Of Trust
related
$1,480,000 · Cnl Commercial Finance INC
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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