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Property profile & analytics
OFF-MARKET
Office buildings
1500 23rd St Mcallen, TX 78501-6725
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1466087
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
4,710 SF
Lot
0.49 ac (21,553 SF)
Zoning code
CO
APN
T3150-00-000-000A-00
UPID
US82-1466087
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
-
Hideout Coffee Shop Cafe & Coffee Shop
-
23 Market Plaza Shopping Center & Mall
-
RC Cuts Unisex Hair Salon
-
Letty's Health & Beauty Shop (Bike/Boat/Book/etc) Store Cosmetic Store
-
Taco ole Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hootspace LLC · 2 yrs held
Hootspace LLC
since 2024
5 recorded transactions
Zoning & alternative use
CO · Mcallen, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,062
Tax year 2022
Assessed value
$403,094
Assessed 2023
Previous assessed
$403,094
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$215,540
Assessed improvement
$187,554
Land market value
$215,540
Improvement market value
$187,554
Total market value
$403,094
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,710 SF
Lot
0.49 ac (21,553 SF)
Zoning code
CO
APN
T3150-00-000-000A-00
UPID
US82-1466087
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.
Building & site characteristics
From public records
Year built
1981
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Hootspace LLC
Entity
Mailing address
1500 N 23RD ST, MCALLEN, TX 78501-6725
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 23, 2024
—
Hootspace LLC
Elias Garcia Garcia
Venders Lien
$410,000 · Elias Garcia
Mar 25, 2022
—
Elias Garcia Garcia
Lorena Cardenas Villareal
Affidavit Of Death Of Joint Tenant
—
Apr 30, 2012
—
Elias G Garcia
Saldivar,jesus V & Maria M
Warranty Deed
$275,000 · Jesus V & Maria M Saldivar
—
—
Yesterdays II Ltd
—
Deed Of Trust
related
$54,088 · Texas State Bank
—
—
Jesus V Saldivar
—
Deed Of Trust
related
$200,000 · Yesterday's II Ltd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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