Technical
Financial
Distress signals
Property profile

1609 23rd St Mcallen, TX 78503

OFF-MARKET
Drive through restaurants
Property ID
US82-0899177
3,368 SF 1.43 ac lot Built 2001
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2001
Total area 3,368 SF
Lot 1.43 ac (62,208 SF)
Zoning code C-3
APN M1500-00-000-0001-00
UPID US82-0899177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1609 23rd St Mcallen, TX 78503-5648
Mcallen metro Census 20513 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2017
Price N/A

Zoning & alternative use

C-3 · Mcallen, TX
Zoning description

The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally ch…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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