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Property profile & analytics
FOR SALE
Retail space
1112 23rd St Mcallen, TX 78501-7222
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-1312923
For Sale
1 / 20
$319,000
1112 23rd St, Mcallen, TX 78501-7222
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
2,910 SF
Lot
0.21 ac (8,999 SF)
Zoning code
UAB
APN
L4700-00-000-0001-00
UPID
US82-1312923
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
-
McAllen Memorial Monuments & Engraving General Contractor
-
ESCADA BEEF DISTRIBUTORS LLC. Butcher Big Box & Wholesale Store
-
Masterstitch LLC Factory Production Facility
-
Etsy Templates 770 Marketing & Advertising Advertising Agency
-
Multicolor Paint, Llc Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Jag M3 Investments LLC · 2 yrs held
Jag M3 Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
UAB · Mcallen, TX
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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$93 / 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
$3,489
Tax year 2022
Assessed value
$174,434
Assessed 2023
Previous assessed
$174,434
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$86,400
Assessed improvement
$88,034
Land market value
$86,400
Improvement market value
$88,034
Total market value
$174,434
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1973
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,910 SF
Lot
0.21 ac (8,999 SF)
Zoning code
UAB
APN
L4700-00-000-0001-00
UPID
US82-1312923
Jurisdiction
HIDALGO
Zoning & alternative use
UAB · Mcallen, TXZoning UAB · permitted uses
UAB · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
revised UDC
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jag M3 Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11605 NEW AVE, GILROY, CA 95020-9718
Ownership since
2024
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
Jul 25, 2024
—
Jag M3 Investments LLC
Daniel Gallegos
Warranty Deed
—
May 31, 2019
—
Michael L Vogel
Richard Masso
Venders Lien
$169,000 · Zb NA
Nov 23, 2005
—
Richard Masso
Jamm Properties Ltd
Venders Lien
$155,000 · Texas State Bank
—
—
Richard Masso
—
Deed Of Trust
related
$67,051 · Compass Bank
—
—
Richard Masso
—
Deed Of Trust
related
$110,573 · Compass Bank
—
—
Richard Masso
—
Deed Of Trust
related
$65,743 · Compass Bank
—
—
Richard Masso
—
Deed Of Trust
related
$204,466 · Compass Bank
—
—
Richard Masso
—
Deed Of Trust
related
$1,325,000 · Greater St Bk
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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