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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Grocery and convenience stores
1234 Fm 491 Mercedes, TX 78570
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-6487400
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Total area
4,800 SF
Lot
0.75 ac (32,574 SF)
APN
L3196-00-000-000A-00
UPID
US82-6487400
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
$1.07M
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$990k
Owner & transaction history
Agadir Properties LLC · 2 yrs held
Agadir Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+152.9%
Office building
$880,000
+131.8%
Retail stores
$680,000
+79.5%
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 Mercedes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercedes 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%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$955,000
Change: +153% · Conversion: Easy
OFFICE BUILDING
$880,000
Change: +132% · Conversion: Moderate
RETAIL STORES
$680,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$206 / 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
$14,615
Tax year 2022
Assessed value
$483,374
Assessed 2023
Previous assessed
$483,374
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$130,300
Assessed improvement
$353,074
Land market value
$130,300
Improvement market value
$353,074
Total market value
$483,374
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,800 SF
Lot
0.75 ac (32,574 SF)
APN
L3196-00-000-000A-00
UPID
US82-6487400
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
$955,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$610,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2012
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Agadir Properties LLC
Entity
Mailing address
100 N MAYBERRY RD, MISSION, TX 78572-5747
Ownership since
2023
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 1, 2023
—
Agadir Properties LLC
Mh And Lm Properties LLC
Special Warranty Deed
—
Oct 30, 2020
—
Mh & Lm Properties LLC
R Guerra Construction
Grant Deed
$530,000 · R Guerra Construction INC
Feb 14, 2018
—
Ricardo Guerra
—
Deed
related
$300,000 · Texas Nat'l Bk
Oct 23, 2017
—
Ricardo Guerra
—
Deed
related
$265,106 · Texas Nat'l Bk
May 27, 2011
—
R Guerra Construction INC
Quiroga,jose
Warranty Deed
$95,000 · Jose Quiroga
May 4, 2010
—
Jose Quiroga
—
Trustees Deed
related
$110,040 · Border Capital Bank
Apr 6, 2009
—
Jose Quiroga
—
Trustees Deed
related
$94,141 · Border Capital Bank
Nov 16, 2007
—
Jose Quiroga
Jalisco Ltd
Warranty Deed
—
Jun 12, 2006
—
Jalisco Ltd
Hidalgo Mortgage
Warranty Deed
$58,400 · International Bank Of Commerce
—
—
Jose Quiroga
—
Deed Of Trust
related
$98,646 · Border Capital Bank
—
—
R Guerra Construction INC
—
Deed Of Trust
related
$150,000 · Development Corp Of Mercedes
—
—
Ricardo Guerra
—
Loan Modification
related
$300,000 · Texas Nat'l Bk
—
—
Ricardo Guerra
—
Loan Modification
related
$265,106 · Texas Nat'l 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.
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