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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Office buildings
2290 Pike Blvd Weslaco, TX 78596-4966
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3262454
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
27,389 SF
Lot
1.98 ac (86,401 SF)
Zoning code
CO
APN
T6355-00-000-0005-00
UPID
US82-3262454
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
-
Workforce Solutions Employment Agency
-
CRUZ-HOGAN Consultants Engineer
-
Lopez Noe Real Estate Agency
-
Gonzalez Candelario Real Estate Agency
-
Omega Instalaciones y Sistemas Contra Incendio Fire Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.04M
Owner & transaction history
Town Center Tower East · 19 yrs held
Town Center Tower East
since 2007
7 recorded transactions
Zoning & alternative use
CO · Weslaco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+6.1%
Auto repair, garage
$3.6M
+5.2%
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
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
OFFICE BUILDING
$3,395,000
Current use
RESTAURANT
$3,605,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,575,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,340,000
Change: -2% · Conversion: Easy
RETAIL STORES
$3,060,000
Change: -10% · Conversion: Moderate
MEDICAL BUILDING
$2,920,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±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
$148 / 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
$56,829
Tax year 2022
Assessed value
$2,220,218
Assessed 2023
Previous assessed
$2,220,218
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$518,400
Assessed improvement
$1,701,818
Land market value
$518,400
Improvement market value
$1,701,818
Total market value
$2,220,218
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
27,389 SF
Lot
1.98 ac (86,401 SF)
Zoning code
CO
APN
T6355-00-000-0005-00
UPID
US82-3262454
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Weslaco, TX
Zoning CO · permitted uses
CO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2008
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Town Center Tower East
Individual
Mailing address
2300 W PIKE BLVD STE #101, WESLACO, TX 78596-5656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Sep 10, 2018
—
Town Center Tower East LP
—
Deed
related
$130,000 · Texas Regional Bank
Dec 20, 2017
—
Town Center Tower East LP
—
Deed
related
$3,200,000 · Texas Regional Bank
Jul 1, 2009
—
Town Center Tower East
—
Trustees Deed
related
$3,483,553 · Compass Bank
Mar 23, 2009
—
Town Center Tower East
—
Trustees Deed
related
—
Jun 8, 2007
—
Town Center Tower East
Jones Forrest L
Grant Deed
$3,928,553 · Texas St Bk/mcallen
—
—
Town Center Tower East LP
—
Loan Modification
related
$2,600,000 · Mountain Side Inv Group LLC
—
—
Town Center Tower East LP
—
Loan Modification
related
$2,600,000 · Mountain Side Inv Group LLC
—
—
Town Center Tower East LP
—
Loan Modification
related
$2,600,000 · Mountain Side Inv Group LLC
—
—
Town Center Tower East LP
—
Deed Of Trust
related
$3,549,775 · Mountain Side Inv Group LLC
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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