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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Warehouses
2101 Griffin Pkwy Palmview, TX 78572-7393
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-2088001
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
126,948 SF
Lot
7.02 ac (305,861 SF)
Zoning code
CO
APN
A5410-03-000-0001-00
UPID
US82-2088001
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
by Request
Blend (final)
Blend
$3.05M
Owner & transaction history
Securcare Moveit Mcallen LLC · 11 yrs held
Securcare Moveit Mcallen LLC
since 2014
7 recorded transactions
Zoning & alternative use
CO · Palmview, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Palmview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmview 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$78,869
Tax year 2022
Assessed value
$2,917,278
Assessed 2023
Previous assessed
$2,917,278
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$351,739
Assessed improvement
$2,565,539
Land market value
$351,739
Improvement market value
$2,565,539
Total market value
$2,917,278
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
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
126,948 SF
Lot
7.02 ac (305,861 SF)
Zoning code
CO
APN
A5410-03-000-0001-00
UPID
US82-2088001
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Palmview, TX
Zoning CO · permitted uses
CO · Palmview, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.02 ac
Current owner
From public records · entity-resolved
Securcare Moveit Mcallen LLC
Entity
Free & Clear · 11 yrs held
Mailing address
8350 N CENTRAL EXPY STE #430, DALLAS, TX 75206-1651
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2014
—
Securcare Moveit Mcallen LLC
Another Closet Self Storage Ll
Grant Deed
related
—
Nov 9, 2006
—
Another Closet Self Storage Ll
D & J Investments Ltd
Grant Deed
$8,000,000 · Lasalle National Bank
May 30, 2006
—
D & J Investments Ltd
—
Trustees Deed
related
$1,000,000 · First National Bank
Jun 6, 2005
—
D & J Investments Ltd
—
Trustees Deed
related
$1,000,000 · First National Bank
—
—
D & J Investments Ltd
—
Deed Of Trust
related
$3,636,000 · First National Bank
—
—
D & J Investments Ltd
—
Deed Of Trust
related
$1,068,000 · Mcallen National Bank
—
—
D & J Investments Ltd
—
Deed Of Trust
related
$650,000 · First 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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