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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Apartment buildings
1201 Sandpiper Ave Mcallen, TX 78504-3185
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-1683227
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Total area
7,774 SF
Lot
0.95 ac (41,360 SF)
Zoning code
CO
APN
D2950-00-000-0024-00
UPID
US82-1683227
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
-
Alaniz Counseling and Behavioral Center Counselor Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$525k
Owner & transaction history
Yzaguirre Properties INC
Yzaguirre Properties INC
4 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+96.9%
Neighborhood: shopping center
$745,000
+92.5%
Restaurant
$740,000
+92.2%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$385,000
Current use
MEDICAL BUILDING
$760,000
Change: +97% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +93% · Conversion: Difficult
RESTAURANT
$740,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +59% · Conversion: Moderate
RETAIL STORES
$605,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$68 / 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
$38,553
Tax year 2022
Assessed value
$1,927,638
Assessed 2023
Previous assessed
$1,927,638
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$270,908
Assessed improvement
$1,656,730
Land market value
$270,908
Improvement market value
$1,656,730
Total market value
$1,927,638
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
20
Bathrooms
19
Total area
7,774 SF
Lot
0.95 ac (41,360 SF)
Zoning code
CO
APN
D2950-00-000-0024-00
UPID
US82-1683227
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$385,000
MEDICAL BUILDING
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
RESTAURANT
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RETAIL STORES
Est. value
$605,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
20
Bathrooms
19
Lot
0.95 ac
Current owner
From public records · entity-resolved
Yzaguirre Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
6521 N 10TH ST, MCALLEN, TX 78504-3205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Yzaguirre Properties INC
—
Deed Of Trust
related
—
—
—
Yzaguirre Properties INC
—
Deed Of Trust
related
$709,634 · First National Bank
—
—
Yzaguirre Properties INC
—
Deed Of Trust
related
$593,994 · First National Bank
—
—
Yzaguirre Properties INC
—
Deed Of Trust
related
$604,130 · First National Bank
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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