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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Warehouses
2000 Industrial Dr Mcallen, TX 78504-4003
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3106332
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
64,134 SF
Lot
8.81 ac (383,764 SF)
Zoning code
CO
APN
M2250-00-000-0002-01
UPID
US83-3106332
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
-
Gold Bay Garden Agricultural Supply Food Market
-
Green Light Cold Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$4.33M
Owner & transaction history
Glg Garden LLC · 4 yrs held
Glg Garden LLC
since 2022
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.3M
+54.6%
Neighborhood: shopping center
$6.1M
+51.1%
Restaurant
$6.1M
+50.9%
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 Mcallen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcallen 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
WAREHOUSE, STORAGE
$4,060,000
Current use
MEDICAL BUILDING
$6,275,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,135,000
Change: +51% · Conversion: Moderate
RESTAURANT
$6,125,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,075,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$4,995,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±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
$68 / 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
$71,199
Tax year 2022
Assessed value
$3,559,949
Assessed 2023
Previous assessed
$3,559,949
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$844,280
Assessed improvement
$2,715,669
Land market value
$844,280
Improvement market value
$2,715,669
Total market value
$3,559,949
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
16
Total area
64,134 SF
Lot
8.81 ac (383,764 SF)
Zoning code
CO
APN
M2250-00-000-0002-01
UPID
US83-3106332
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TX
Zoning CO · permitted uses
CO · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcallen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
16
Lot
8.81 ac
Current owner
From public records · entity-resolved
Glg Garden LLC
Entity
Mailing address
12216 QUARTZ CIR, GARDEN GROVE, CA 92843-1825
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Glg Garden LLC
Wonderful Citrus Packing LLC
Warranty Deed
$1,000,000 · First Citizens Bank & Trust Co
Jan 22, 2018
—
Rby Reynolds Estates LLC
—
Deed
related
$10,000,000 · International Bk/commerce
Apr 12, 2016
—
Wonderful Citrus Packing LLC
I Kunik Co
Warranty Deed
—
Apr 7, 2016
—
I Kunik Co
Sula Properties LLC
Quit Claim Deed
—
Feb 18, 2010
—
I Kunik Co INC
Sula Properties LLC
Warranty Deed
—
Mar 17, 2008
—
Sula Properties LLC
Kroman Leonard
Warranty Deed
—
Jun 6, 2005
—
Leonard Kroman
—
Trustees Deed
related
$3,000,000 · Texas State Bank
Nov 10, 2004
—
Leonard Kroman
—
Trustees Deed
related
$3,000,000 · Texas State Bank
Mar 1, 2004
—
Hyung K Chun
—
Trustees Deed
related
$1,176,959 · International Bank Of Commerce
Jan 21, 2004
—
Leonard Kroman
—
Trustees Deed
related
$1,800,000 · Texas State Bank Mcallen
—
—
Leonard Kroman
—
Deed Of Trust
related
$1,800,000 · Texas State Bank
—
—
Rby Reynolds Estates LLC
—
Deed Of Trust
related
$10,000,000 · International Bk/commerce
—
—
Leonard Kroman
—
Deed Of Trust
related
$600,000 · Texas State Bank Mcallen
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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