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Property profile & analytics
OFF-MARKET
Apartment buildings
2105 Texas Blvd Weslaco, TX 78596-2906
Individually Owned
21-yr Hold
Property ID
US82-6649839
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Total area
2,581 SF
Lot
0.56 ac (24,581 SF)
Zoning code
KAC
APN
M0400-00-001-0001-00
UPID
US82-6649839
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
-
J&H AUTO SERVICE Auto Repair Shop
-
TEAM AUTO SERVICE Auto Repair Shop
-
Lauren Regalado Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joe D Olivarez · 21 yrs held
Joe D Olivarez
since 2004
6 recorded transactions
Zoning & alternative use
KAC · Weslaco, 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 Weslaco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weslaco 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
—
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
$12,157
Tax year 2022
Assessed value
$474,967
Assessed 2023
Previous assessed
$474,967
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$105,694
Assessed improvement
$369,273
Land market value
$105,694
Improvement market value
$369,273
Total market value
$474,967
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
2006
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
6
Total area
2,581 SF
Lot
0.56 ac (24,581 SF)
Zoning code
KAC
APN
M0400-00-001-0001-00
UPID
US82-6649839
Jurisdiction
HIDALGO
Zoning & alternative use
KAC · Weslaco, TX
Zoning KAC · permitted uses
KAC · Weslaco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Weslaco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
6
Lot
0.56 ac
Current owner
From public records · entity-resolved
Joe D Olivarez
Individual
Mailing address
PO BOX 1667, WESLACO, TX 78599-1667
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2004
—
Joe D Olivarez
Weslaco League Of United Latin Am
Warranty Deed
$195,000 · Lone Star National Bank
—
—
Joe D Olivarez
—
Deed Of Trust
related
$20,000 · Lone Star National Bank
—
—
Joe D Olivarez
—
Deed Of Trust
related
$195,000 · Lone Star National Bank
—
—
Joe D Olivarez
—
Deed Of Trust
related
$300,000 · International Bank Of Commerce
—
—
Joe D Olivarez
—
Loan Modification
related
$311,000 · International Bk/commerce
—
—
Joe D Olivarez
—
Deed Of Trust
related
$300,000 · International Bank Of Commerce
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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