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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Strip malls
1200 Polk Ave, Pharr, TX 78577-2138
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-2948502
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
32,815 SF
Lot
2.95 ac (128,463 SF)
Zoning code
CO
APN
M0360-00-000-0001-00
UPID
US82-2948502
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.17M
Owner & transaction history
Magana Dev Corp · 6 yrs held
Magana Dev Corp
since 2019
5 recorded transactions
Zoning & alternative use
CO · Pharr, TX
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$36 / 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
$55,257
Tax year 2022
Assessed value
$1,970,000
Assessed 2023
Previous assessed
$1,970,000
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$590,925
Assessed improvement
$1,379,075
Land market value
$590,925
Improvement market value
$1,379,075
Total market value
$1,970,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
32,815 SF
Lot
2.95 ac (128,463 SF)
Zoning code
CO
APN
M0360-00-000-0001-00
UPID
US82-2948502
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Pharr, TX
Zoning CO · permitted uses
CO · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.95 ac
Current owner
From public records · entity-resolved
Magana Dev Corp
Entity
Mailing address
PO BOX 8863, JUPITER, FL 33468-8863
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Magana Dev Corp
—
Deed
related
$150,000 · International Bk/commerce
—
—
Magana Dev Corp
—
Loan Modification
related
$150,000 · International Bk/commerce
—
—
Magana Dev Corp
—
Loan Modification
related
$1,107,296 · International Bk/commerce
—
—
Magana Dev Corp
—
Deed Of Trust
related
$1,170,296 · International Bank Of Commerce
—
—
Magana Dev Corp
—
Deed Of Trust
related
$1,107,296 · 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.
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