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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Apartment buildings
1905 Mile 3rd Rd Penitas, TX 78576-2007
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-2106056
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Total area
9,104 SF
Lot
1.15 ac (49,998 SF)
Zoning code
CO
APN
N6720-02-000-0064-00
UPID
US82-2106056
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$730k
Owner & transaction history
Gf Financial Ventures LLC · 11 yrs held
Gf Financial Ventures LLC
since 2014
7 recorded transactions
Zoning & alternative use
CO · Penitas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+116.4%
Restaurant
$1.1M
+113.1%
Retail stores
$1.1M
+109.8%
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 Penitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penitas 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$515,000
Current use
OFFICE BUILDING
$1,115,000
Change: +116% · Conversion: Moderate
RESTAURANT
$1,100,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +74% · Conversion: Moderate
WAREHOUSE, STORAGE
$730,000
Change: +41% · 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
$80 / 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
$24,160
Tax year 2022
Assessed value
$925,000
Assessed 2023
Previous assessed
$925,000
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$110,000
Assessed improvement
$815,000
Land market value
$110,000
Improvement market value
$815,000
Total market value
$925,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
12
Total area
9,104 SF
Lot
1.15 ac (49,998 SF)
Zoning code
CO
APN
N6720-02-000-0064-00
UPID
US82-2106056
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Penitas, TX
Zoning CO · permitted uses
CO · Penitas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Penitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
12
Lot
1.15 ac
Current owner
From public records · entity-resolved
Gf Financial Ventures LLC
Entity
Mailing address
404 N BRITTON AVE, RIO GRANDE CITY, TX 78582-2610
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2014
—
Gf Financial Ventures LLC
M R S J Investments LLC
Venders Lien
$200,000 · Lone Star National Bank
Oct 19, 2012
—
Mrsj Investments LLC
Deutsche Bk Natl 2006-2
Grant Deed
$143,500 · International Bank Of Commerce
Apr 12, 2012
$240,000
Deutsche Bk Natl Trust C 2006-2
Medley Monty
Trustees Deed
related
—
Aug 29, 2011
—
Lgv Properties LLC
Villarreal,luis G
Warranty Deed
—
Dec 5, 2007
—
Luis G Villarreal
Tellez,elizabeth
Warranty Deed
$87,000 · Coastal Investors Capital
Dec 9, 2004
—
Elizabeth Tellez
Flobel Properties Ltd
Grant Deed
$32,250 · Flobel Properties Ltd
—
—
Gf Financial Ventures LLC
—
Loan Modification
related
$170,600 · Lone Star Nat'l Bk
—
—
Gf Financial Ventures LLC
—
Deed Of Trust
related
$203,792 · Lone Star Nat'l Bk
—
—
Elizabeth Tellez
—
Deed Of Trust
related
$87,000 · Luis G Villarreal
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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