New search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Bars & Pubs
11205 23rd St Mcallen, TX 78504-9368
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2756356
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2001
Total area
17,713 SF
Lot
9.63 ac (419,483 SF)
APN
T2100-00-280-0014-10
UPID
US82-2756356
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
-
Famoso Fuego Nightclub DJ & Entertainment
-
Tacos El Toro Restaurant
-
Fast Screen Print Textile Manufacturer Factory
-
Keep It On 2 Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$950k
Owner & transaction history
Jinc Properties LP · 5 yrs held
Jinc Properties LP
since 2020
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 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
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,400,000
Change: -17% · Conversion: Easy
RETAIL STORES
$1,380,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$54 / 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
$22,019
Tax year 2022
Assessed value
$1,121,112
Assessed 2023
Previous assessed
$1,121,112
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$337,050
Assessed improvement
$784,062
Land market value
$337,050
Improvement market value
$784,062
Total market value
$1,121,112
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
2001
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,713 SF
Lot
9.63 ac (419,483 SF)
APN
T2100-00-280-0014-10
UPID
US82-2756356
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
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
2001
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
9.63 ac
Current owner
From public records · entity-resolved
Jinc Properties LP
Entity
Mailing address
2002 N MAYBERRY BLVD, ALTON, TX 78573-1470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2020
—
Jinc Properties LP
—
Deed
related
$99,000 · Texas Cmnty Bk
Dec 6, 2019
—
Jinc Properties LP
—
Deed
related
$872,500 · Texas Cmnty Bk
Apr 23, 2019
—
Jinc Properties LP
—
Trustees Deed
related
$42,700 · Texas Cmnty Bk
Nov 13, 2018
—
Jinc Properties LP
—
Deed
related
$903,885 · Texas Cmnty Bk
Feb 2, 2010
—
Dionicio Garza
—
Trustees Deed
related
$150,000 · Texas Community Bank & Trust
Nov 17, 2009
—
Dionicio Garza
—
Trustees Deed
related
$150,000 · Texas Community Bank & Trust
—
—
Jinc Properties LP
—
Loan Modification
related
$903,885 · Texas Cmnty Bk
—
—
Jinc Properties LP
—
Loan Modification
related
$940,813 · Texas Cmnty Bk
—
—
Jinc Properties LP
—
Loan Modification
related
$36,073 · Texas Cmnty Bk
—
—
Jinc Properties LP
—
Loan Modification
related
$872,500 · Texas Cmnty Bk
—
—
Jinc Properties
—
Deed Of Trust
related
$937,500 · Laredo National Bank
—
—
Jinc Properties LP
—
Deed Of Trust
related
$99,000 · Texas Cmnty Bk
—
—
Jinc Properties
—
Deed Of Trust
related
$630,000 · International Bank Of 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11205 23rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
