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Property profile & analytics
OFF-MARKET
Office buildings
1602 Texas Blvd Weslaco, TX 78599-4216
Entity Owned
12-yr Hold
Free & Clear
Property ID
US82-3502306
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
2,008 SF
Lot
0.21 ac (9,165 SF)
APN
B0350-00-003-0010-00
UPID
US82-3502306
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
-
Cash Store Loan Service
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
Pv Rio Grande LLC · 12 yrs held
Pv Rio Grande LLC
since 2014
7 recorded transactions
Zoning & alternative use
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 Weslaco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weslaco 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
$3,265
Tax year 2022
Assessed value
$127,571
Assessed 2023
Previous assessed
$127,571
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$68,742
Assessed improvement
$58,829
Land market value
$68,742
Improvement market value
$58,829
Total market value
$127,571
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
2,008 SF
Lot
0.21 ac (9,165 SF)
APN
B0350-00-003-0010-00
UPID
US82-3502306
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
Building & site characteristics
From public records
Year built
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
12
Lot
0.21 ac
Current owner
From public records · entity-resolved
Pv Rio Grande LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4340 E INDIAN SCHOOL RD STE 21-292, PHOENIX, AZ 85018-5394
Ownership since
2014
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
Feb 10, 2014
—
Pv Rio Grande LLC
Ranchod,sailesh
Warranty Deed
related
—
Dec 28, 2006
—
Gnl Mcallen Partners
—
Trustees Deed
related
$6,817,500 · Inwood National Bank
Aug 3, 2006
—
Saliesh Ranchod
Gnl Mcallen Partners
Grant Deed
$985,000 · California Cu
Apr 20, 2006
—
Gnl Mcallen Partners
Cvi Co Ltd
Grant Deed
$6,817,500 · Inwood National Bank
Sep 16, 2005
—
Cvi Co Ltd
Jl Barth
Grant Deed
$725,000 · Jl Barth Co
Sep 13, 2005
—
J & E Oil INC
—
Trustees Deed
related
$8,100,000 · Texas State Bank
Jul 1, 2005
—
J & E Oil INC
—
Trustees Deed
related
$8,100,000 · Texas State Bank
Mar 22, 2005
—
Jl Barth Co
J & E Oil INC
Warranty Deed
related
—
Dec 13, 2004
—
J & E Oil INC
—
Trustees Deed
related
$7,299,157 · Texas State Bank
Aug 13, 2004
—
J & E Oil INC
—
Trustees Deed
related
$100,000 · Texas State Bank
Mar 9, 2004
—
J & E Oil INC
—
Trustees Deed
related
$100,000 · Texas State Bank Mcallen
—
—
Sean Ho
—
Deed Of Trust
related
$713,758 · California Cu
—
—
Sailesh Ranchod
—
Deed Of Trust
related
$800,000 · California Cu
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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