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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Medical Office Space
1620 8th St Weslaco, TX 78596-5882
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0944863
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
14,083 SF
Lot
0.78 ac (33,798 SF)
Zoning code
CO
APN
R3750-01-003-0003-00
UPID
US82-0944863
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
-
The Pediatric Clinic Medical Clinic
-
Nandipaty Medical Associates Medical Clinic
-
Nandipaty Sivakumari MD Pediatrician Medical Clinic
-
Sage Pharmacy Pharmacy
-
Childrens Rehabilitation Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.02M
Owner & transaction history
Ase Real Estate LLC · 1 yrs held
Ase Real Estate LLC
since 2025
7 recorded transactions
Zoning & alternative use
CO · Weslaco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+4.8%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,500,000
Current use
RETAIL STORES
$1,575,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$72 / 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
$28,847
Tax year 2022
Assessed value
$1,126,994
Assessed 2023
Previous assessed
$1,126,994
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$236,600
Assessed improvement
$890,394
Land market value
$236,600
Improvement market value
$890,394
Total market value
$1,126,994
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,083 SF
Lot
0.78 ac (33,798 SF)
Zoning code
CO
APN
R3750-01-003-0003-00
UPID
US82-0944863
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Weslaco, TX
Zoning CO · permitted uses
CO · Weslaco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Weslaco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING Current
RETAIL STORES
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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Ase Real Estate LLC
Entity
Mailing address
3613 TIGRIS, EDINBURG, TX 78539-4105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Ase Real Estate LLC
Nandipaty Family Limited Partnershi
Deed
$1,474,750 · Plainscapital Bank
Nov 14, 2018
—
Nandipaty Family LP
—
Deed
related
—
Jan 24, 2018
—
Nandipaty Family LP Ltd
—
Trustees Deed
related
$100,000 · Vantage Bk
Apr 5, 2017
—
Nandipaty Family Limited Partnershi
—
Deed
related
$250,000 · Vantage Bank Texas
—
—
Nandipaty Family
—
Deed Of Trust
related
$1,670,803 · Inter National Bank
—
—
Nandipaty Family
—
Deed Of Trust
related
$50,000 · International Bank Of Commerce
—
—
Nandipaty Family LP
—
Loan Modification
related
—
—
—
Nandipaty Family
—
Deed Of Trust
related
$530,000 · International Bank Of Commerce
—
—
Nandipaty Family LP
—
Deed Of Trust
related
$1,332,000 · Vantage Bank Texas NA
—
—
Nandipaty Family
—
Deed Of Trust
related
$1,550,000 · Inter National Bank
—
—
Nandipaty Family LP
—
Deed Of Trust
related
$55,000 · Inter National Bank
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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