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Property profile & analytics
OFF-MARKET
Retail space
2412 Cage Blvd Pharr, TX 78577
Individually Owned
10-yr Hold
Free & Clear
Property ID
US82-0833786
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
3,840 SF
Lot
0.18 ac (8,002 SF)
Zoning code
CO
APN
C0300-00-186-0010-00
UPID
US82-0833786
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
Ruben Reyna · 10 yrs held
Ruben Reyna
since 2015
7 recorded transactions
Zoning & alternative use
CO · Pharr, TX
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$5,015
Tax year 2022
Assessed value
$178,794
Assessed 2023
Previous assessed
$178,794
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$90,000
Assessed improvement
$88,794
Land market value
$90,000
Improvement market value
$88,794
Total market value
$178,794
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,840 SF
Lot
0.18 ac (8,002 SF)
Zoning code
CO
APN
C0300-00-186-0010-00
UPID
US82-0833786
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Pharr, TXZoning CO · permitted uses
CO · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ruben Reyna
Individual
Free & Clear · 10 yrs held
Mailing address
4400 S 23RD ST, MCALLEN, TX 78503-7564
Ownership since
2015
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
Aug 11, 2015
—
Ruben Reyna
Thibodeaux,deborah
Grant Deed
related
—
Jun 5, 2012
$376,296
Deborah Thibodeaux
Gerdes,mickey
Trustees Deed
related
—
Nov 29, 2007
—
Victor Sandoval
Thibodeaux,deborah
Warranty Deed
$235,000 · Deborah Thibodeaux
Aug 10, 2004
—
Valley Pecan LLC
—
Trustees Deed
related
$118,590 · Texas State Bank
Aug 9, 2004
—
Valley Pecan LLC
—
Trustees Deed
related
$140,800 · Texas State Bank
—
—
Valley Pecan LLC
—
Deed Of Trust
related
$115,479 · Texas State Bank Mcallen
—
—
Valley Pecan LLC
—
Deed Of Trust
related
$145,800 · Texas State 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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