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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Strip malls
2901 23rd St Mcallen, TX 78501-6148
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-4825058
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
76,560 SF
Lot
6.73 ac (293,159 SF)
Zoning code
C-3
APN
W0255-00-000-000A-00
UPID
US82-4825058
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
-
Rent-A-Center Furniture & Home Goods Home Decor Store
-
Watermill Express Big Box & Wholesale Store
-
Oportun Loan Service
-
OneMain Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Cam INC · 4 yrs held
Cam INC
since 2022
4 recorded transactions
Zoning & alternative use
C-3 · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally characterized by an integrated or planned cluster of establishments served by a common parking area and generating large volumes of vehicular…
Zone name
General Business
General category
COMMERCIAL
Zone area
4,015.65 ac
Source
Realmo
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
$23 / 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
$82,796
Tax year 2022
Assessed value
$4,139,785
Assessed 2023
Previous assessed
$4,139,785
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,172,636
Assessed improvement
$2,967,149
Land market value
$1,172,636
Improvement market value
$2,967,149
Total market value
$4,139,785
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
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
18
Bathrooms
8
Total area
76,560 SF
Lot
6.73 ac (293,159 SF)
Zoning code
C-3
APN
W0255-00-000-000A-00
UPID
US82-4825058
Jurisdiction
HIDALGO
Zoning & alternative use
C-3 · Mcallen, TXZoning C-3 · permitted uses
C-3 · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally characterized by an integrated or planned cluster of establishments served by a common parking area and generating large volumes of vehicular and pedestrian traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
4,015.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
18
Bathrooms
8
Lot
6.73 ac
Current owner
From public records · entity-resolved
Cam INC
Entity
Mailing address
1617 JEFF DAVIS DR, TYLER, TX 75703-5549
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
—
Cam INC
Laura Saunders
Venders Lien
$7,300,000 · Ubank
—
—
B-y 2901 N 23rd Street Ltd
—
Deed Of Trust
related
$1,216,608 · United Fashions Of Texas Ltd
—
—
B-y 2901 N 23rd Street Ltd
—
Deed Of Trust
related
$1,063,574 · Byb Palm Village Ltd
—
—
B-y 2901 N 23rd Street Ltd
—
Deed Of Trust
related
$300,000 · B-y 806 S Cage Ltd
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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