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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Medical Office Space
208 Starr St Mercedes, TX 78570-2734
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-0984028
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
10,112 SF
Lot
1.07 ac (46,400 SF)
APN
M3550-00-039-0001-00
UPID
US82-0984028
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$755k
Owner & transaction history
Mcli LLC · 10 yrs held
Mcli LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+22.6%
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 Mercedes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercedes 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$995,000
Current use
RESTAURANT
$1,220,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$75 / 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
$31,934
Tax year 2022
Assessed value
$1,056,149
Assessed 2023
Previous assessed
$1,056,149
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$132,240
Assessed improvement
$923,909
Land market value
$132,240
Improvement market value
$923,909
Total market value
$1,056,149
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
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
14
Total area
10,112 SF
Lot
1.07 ac (46,400 SF)
APN
M3550-00-039-0001-00
UPID
US82-0984028
Jurisdiction
HIDALGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$995,000
RESTAURANT
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
14
Lot
1.07 ac
Current owner
From public records · entity-resolved
Mcli LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1010 JAMES STB, WESLACO, TX 78596-6654
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2019
—
Mcli LLC
—
Deed
related
$342,431 · Plainscapital Bk
Sep 17, 2019
—
Mcli LLC
—
Deed
related
$594,728 · Plainscapital Bk
Mar 27, 2019
—
Mcli LLC
—
Deed
related
$250,000 · Plainscapital Bk
Oct 18, 2016
—
Mcli LLC
—
Deed
related
$419,000 · Plainscapital Bk
Mar 15, 2016
—
Mcli LLC
Lizardo-rodriguez Family LP
Grant Deed
—
Jan 24, 2011
—
Lizardo-rodriguez Family LP
Lizardo,segundo
Quit Claim Deed
related
—
Apr 17, 2009
—
Pe & Jt Mcdougal Family
Union Seven Ents
Warranty Deed
$600,000 · Lone Star National Bank
—
—
Mcli LLC
—
Deed Of Trust
related
$250,000 · Plainscapital Bk
—
—
Union Seven Ents
—
Deed Of Trust
related
$82,491 · Tax Ease Funding LP
—
—
Union Seven Ents
—
Deed Of Trust
related
$46,801 · Texas State Bank Mcallen
—
—
Mcli LLC
—
Deed Of Trust
related
$342,431 · Plainscapital Bk
—
—
Mcli LLC
—
Deed Of Trust
related
$594,728 · Plainscapital Bk
—
—
Union Seven Ents
—
Deed Of Trust
related
$71,454 · Texas State Bank Mcallen
—
—
Pe & Jt Mcdougal Family
—
Deed Of Trust
related
$200,000 · Lone Star Nat'l Bk
—
—
Segundo Lizardo
—
Loan Modification
related
$154,358 · Lone Star Nat'l Bk
—
—
Mcli LLC
—
Deed Of Trust
related
$419,000 · Plainscapital Bk
—
—
Union Seven Ents
—
Deed Of Trust
related
$125,074 · Texas State Bank Mcallen
—
—
Union Seven Ents
—
Deed Of Trust
related
$126,588 · 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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