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Property profile & analytics
OFF-MARKET
Apartment buildings
2428 Upas Ave Mcallen, TX 78501-6470
Entity Owned
4-yr Hold
Property ID
US82-4432422
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
10,464 SF
Lot
0.45 ac (19,467 SF)
APN
L3350-00-000-0015-00
UPID
US82-4432422
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
-
Oak Ridge Apartments Apartment Building
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
Upas Avenue LLC · 4 yrs held
Upas Avenue LLC
since 2022
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 Mcallen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcallen 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
$13,216
Tax year 2022
Assessed value
$660,783
Assessed 2023
Previous assessed
$660,783
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$131,409
Assessed improvement
$529,374
Land market value
$131,409
Improvement market value
$529,374
Total market value
$660,783
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
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
16
Bathrooms
1
Total area
10,464 SF
Lot
0.45 ac (19,467 SF)
APN
L3350-00-000-0015-00
UPID
US82-4432422
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
16
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Upas Avenue LLC
Entity
Mailing address
5710 BELMONT VLY CT, RALEIGH, NC 27612-6464
Ownership since
2022
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
Mar 25, 2022
—
Upas Avenue LLC
Omana Investments LLC
Venders Lien
$735,000 · Plainscapital Bank
Nov 18, 2020
—
Omana Investments LLC
Upas Holdings LLC
Warranty Deed
related
—
Jan 23, 2019
—
Upas Holdings LLC
Efren Palacios
Venders Lien
$456,000 · Silver Hill Financial LLC
Jun 13, 2016
$115,000
Lone Star Natl Bk
Cole Rueben|de Los Santos,frank & Raquel
Trustees Deed
related
—
Nov 23, 2010
—
Palacios,efren & Emilia
Struwe,edgar A & Cathy
Warranty Deed
$240,000 · International Bk/commerce
Sep 19, 2006
—
Socorro Miranda
Delossantos,frank & Raquel
Grant Deed
$15,350 · Frank & Raquel Delossantos
Apr 28, 2005
—
Frank Delossantos
Vega,herminia T
Warranty Deed
related
—
—
—
Frank Delossantos
—
Deed Of Trust
related
$124,689 · Lone Star National Bank
—
—
Efren Palacios
—
Loan Modification
related
$240,000 · International Bk/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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