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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Investment properties
1701 Las Milpas Rd Pharr, TX 78577-8044
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-3509597
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Total area
3,837 SF
Lot
19.39 ac (844,798 SF)
Zoning code
RM
APN
C1975-00-000-0001-00
UPID
US82-3509597
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
$845k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$730k
Owner & transaction history
Spectrum Gulf Coast LLC · 3 yrs held
Spectrum Gulf Coast LLC
since 2022
3 recorded transactions
Zoning & alternative use
RM · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$505,000
+44.1%
Retail stores
$505,000
+43.1%
Auto repair, garage
$490,000
+40.1%
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$845,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Change: +44% · Conversion: Easy
RETAIL STORES
$505,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$190 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$15,849,486
Assessed 2023
Previous assessed
$15,849,486
+0.0% YoY
Assessed land
$1,689,600
Assessed improvement
$14,159,886
Land market value
$1,689,600
Improvement market value
$14,159,886
Total market value
$15,849,486
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Buildings
51
Stories
1
Total area
3,837 SF
Lot
19.39 ac (844,798 SF)
Zoning code
RM
APN
C1975-00-000-0001-00
UPID
US82-3509597
Jurisdiction
HIDALGO
Zoning & alternative use
RM · Pharr, TX
Zoning RM · permitted uses
RM · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$505,000
RETAIL STORES
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$490,000
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
51
Lot
19.39 ac
Current owner
From public records · entity-resolved
Spectrum Gulf Coast LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3270 NACOGDOCHES RD, SAN ANTONIO, TX 78217-3349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
—
Spectrum Gulf Coast LLC
Aguila Village Housing Development
Agreement Of Sale
—
Feb 19, 2004
—
Village Housing Dev Aguila
—
Trustees Deed
related
—
—
—
Village Housing Dev Aguila
—
Deed Of Trust
related
$5,130,000 · Bank Of America
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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