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Property profile & analytics
FOR SALE
Apartment buildings
2402 Tahiti Dr Edinburg, TX 78541
Individually Owned
4-yr Hold
Property ID
US82-1598254
For Sale
1 / 10
$850,000
2402 Tahiti Dr, Edinburg, TX 78541
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
7,848 SF
Lot
0.69 ac (30,078 SF)
Zoning code
RM
APN
P3235-00-000-0017-00
UPID
US82-1598254
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
by Request
Owner & transaction history
Pedro Rangel · 4 yrs held
Pedro Rangel
since 2021
5 recorded transactions
Zoning & alternative use
RM · Edinburg, 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 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
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
$16,617
Tax year 2022
Assessed value
$638,120
Assessed 2023
Previous assessed
$638,120
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$181,966
Assessed improvement
$456,154
Land market value
$181,966
Improvement market value
$456,154
Total market value
$638,120
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
For Sale
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
8
Total area
7,848 SF
Lot
0.69 ac (30,078 SF)
Zoning code
RM
APN
P3235-00-000-0017-00
UPID
US82-1598254
Jurisdiction
HIDALGO
Zoning & alternative use
RM · Edinburg, TX
Zoning RM · permitted uses
RM · Edinburg, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edinburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
8
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pedro Rangel
Individual
Mailing address
24895 N IOWA RD, EDINBURG, TX 78541-7994
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
—
Pedro Rangel
Pedro A Diaz
Venders Lien
$223,000 · Falcon International Bank
Apr 20, 2018
—
Pedro A Diaz
Rodriguez,gerardo J & Leticia Q
Warranty Deed
—
Jun 24, 2004
—
Gerardo J Rodriguez
Red Rock LLC
Warranty Deed
$331,500 · Lone Star National Bank
—
—
Gerardo J Rodriguez
—
Deed Of Trust
related
$223,086 · Lone Star National Bank
—
—
Gerardo J Rodriguez
—
Deed Of Trust
related
$303,059 · Lone Star 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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