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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Warehouses
2302 Closner Blvd, Edinburg, TX 78541-2604
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US82-7417136
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
37,682 SF
Lot
7.22 ac (314,503 SF)
APN
T2100-00-244-0015-01
UPID
US82-7417136
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.19M
Owner & transaction history
Texas Melon Exchange · 16 yrs held
Texas Melon Exchange
since 2009
7 recorded transactions
Zoning & alternative use
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 Edinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edinburg 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
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$31 / 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
$23,104
Tax year 2022
Assessed value
$887,245
Assessed 2023
Previous assessed
$887,245
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$397,100
Assessed improvement
$490,145
Land market value
$397,100
Improvement market value
$490,145
Total market value
$887,245
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
1995
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
37,682 SF
Lot
7.22 ac (314,503 SF)
APN
T2100-00-244-0015-01
UPID
US82-7417136
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
Building & site characteristics
From public records
Year built
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.22 ac
Current owner
From public records · entity-resolved
Texas Melon Exchange
Individual
Mailing address
PO BOX 5369, MCALLEN, TX 78502-5369
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2020
—
Tony W Anderson
—
Deed
related
$200,000 · Frost Bk
Jun 14, 2019
—
Tony W Anderson
—
Deed
related
$1,500,000 · Frost Bk
Dec 11, 2018
—
Tony W Anderson
—
Deed
related
$1,500,000 · Frost Bk
Nov 28, 2017
—
Tony W Anderson
—
Deed
related
$1,500,000 · Frost Bank
Feb 28, 2017
—
Texas Melon Exchange INC
—
Deed
related
$1,000,000 · Capital One NA
Dec 4, 2009
—
Texas Melon Exchange
Edinburg Warehouse
Warranty Deed
—
Jul 19, 2004
—
Edinburg Warehouse Co
—
Trustees Deed
related
$750,000 · Coastal Banc Ssb
Jun 4, 2004
—
City Of Edinburg
Edinburg Warehouse
Quit Claim Deed
related
—
—
—
Tony W Anderson
—
Loan Modification
related
$1,000,000 · Capital One
—
—
Edinburg Warehouse Co
—
Deed Of Trust
related
$1,000,000 · Capital One
—
—
Tony W Anderson
—
Loan Modification
related
$200,000 · Frost Bk
—
—
Texas Melon Exchange INC
—
Loan Modification
related
$1,000,000 · Capital One NA
—
—
Tony W Anderson
—
Loan Modification
related
$1,000,000 · Capital One Fin'l
—
—
Tony W Anderson
—
Loan Modification
related
$1,000,000 · Capital One Fin'l
—
—
Tony W Anderson
—
Loan Modification
related
$1,500,000 · Frost Bk
—
—
Tony W Anderson
—
Deed Of Trust
related
$1,000,000 · Capital One NA
—
—
Tony W Anderson
—
Loan Modification
related
$1,000,000 · Capital One NA
—
—
Tony W Anderson
—
Deed Of Trust
related
$200,000 · Capital One
—
—
Tony W Anderson
—
Loan Modification
related
$1,500,000 · Frost Bk
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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