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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Strip malls
1216 Veterans Blvd Palmview, TX 78572-7790
Entity Owned
15-yr Hold
Free & Clear
Property ID
US83-3443702
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
5,335 SF
Lot
1 ac (43,560 SF)
Zoning code
CO
APN
H3944-00-000-0001-00
UPID
US83-3443702
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
$601k
Blend (final)
Blend
$690k
Owner & transaction history
La Quinta Estacion INC · 15 yrs held
La Quinta Estacion INC
since 2011
7 recorded transactions
Zoning & alternative use
CO · Palmview, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$775,000
+55.1%
Office building
$755,000
+50.9%
Retail stores
$745,000
+48.8%
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 Palmview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmview 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
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Current use
COMMERCIAL (GENERAL)
$775,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$755,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$745,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +39% · Conversion: Difficult
RESTAURANT
$560,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$520,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$129 / 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
$15,804
Tax year 2022
Assessed value
$583,574
Assessed 2023
Previous assessed
$583,574
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$222,156
Assessed improvement
$361,418
Land market value
$222,156
Improvement market value
$361,418
Total market value
$583,574
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
2002
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,335 SF
Lot
1 ac (43,560 SF)
Zoning code
CO
APN
H3944-00-000-0001-00
UPID
US83-3443702
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Palmview, TX
Zoning CO · permitted uses
CO · Palmview, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$775,000
OFFICE BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RESTAURANT
Est. value
$560,000
MEDICAL BUILDING
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
La Quinta Estacion INC
Entity
Free & Clear · 15 yrs held
Mailing address
1216 W VETERANS BLVD, PALMVIEW, TX 78572-7790
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Jun 21, 2011
—
La Quinta Estacion INC
Compass Bk
Grant Deed
—
Feb 1, 2011
—
Compass Bk
Kazen,gregory S
Trustees Deed
related
—
Jun 6, 2008
$29,523
Texas State Bank
Kazen Gregory S
Trustees Deed
related
—
May 10, 2007
—
Jesus Rivera
Msebastian LLC
Deed In Lieu Of Foreclosure
related
—
Oct 31, 2006
—
Msebastian LLC
Rivera,jesus
Warranty Deed
$900,000 · Jesus Rivera
Apr 28, 2006
—
Jesus Rivera
Romanita Slois
Venders Lien
$933,401 · Romanita Solis
—
—
Jesus Rivera
—
Deed Of Trust
related
$17,703 · Rio Tax Loans
—
—
Jesus Rivera
—
Deed Of Trust
related
$29,523 · Texas State Bank Mcallen
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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