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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Strip malls
2801 Colbath Ave Mcallen, TX 78503-7935
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-5285457
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
24,040 SF
Lot
1.39 ac (60,675 SF)
APN
C7500-05-000-0014-00
UPID
US82-5285457
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
-
Iglesia Pentecostal Unida Hispana Inc. de McAllen Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$925k
Owner & transaction history
Ernesto R Prieto · 8 yrs held
Ernesto R Prieto
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$38 / 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
$24,477
Tax year 2022
Assessed value
$1,223,842
Assessed 2023
Previous assessed
$1,223,842
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$561,246
Assessed improvement
$662,596
Land market value
$561,246
Improvement market value
$662,596
Total market value
$1,223,842
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,040 SF
Lot
1.39 ac (60,675 SF)
APN
C7500-05-000-0014-00
UPID
US82-5285457
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
1985
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Ernesto R Prieto
Individual
Free & Clear · 8 yrs held
Mailing address
2817 COLBATH AVE, MCALLEN, TX 78503-7935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2017
—
Ernesto R Prieto
Velazquez,ignacio & Lourdes A
Warranty Deed
related
—
Jan 11, 2011
—
R/t Valley Builders Ltd
M Construction Ltd
Venders Lien
$635,268 · Inter National Bank
Nov 27, 2006
—
M & G Equipment Group Ltd
Firestar Const & Svcs LLC
Warranty Deed
related
—
Oct 5, 2006
—
Firestar Const
—
Trustees Deed
related
$809,265 · First National Bank
May 12, 2005
—
Firestar Const
Garcia,alejandro G
Warranty Deed
$392,250 · Alejandro G Garcia
Dec 3, 2004
—
Alejandro G Garcia
Salinas,jesus SR & Socorro
Grant Deed
$392,250 · First National Bank
—
—
Alejandro G Garcia
—
Deed Of Trust
related
$809,265 · First National Bank
—
—
Mar San Properties Ltd
—
Deed Of Trust
related
$700,000 · Inter National Bank
—
—
R & T Valley Builders Ltd
—
Loan Modification
related
$635,268 · International Bk
—
—
R & T Valley Builders Ltd
—
Loan Modification
related
$493,959 · International Bk
—
—
Mar San Properties Ltd
—
Deed Of Trust
related
$635,268 · Inter National Bank
—
—
Jesus Salinas JR.
—
Deed Of Trust
related
$300,000 · City 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.
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