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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Grocery and convenience stores
2903 Moorefield Rd Mission, TX 78574
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7080110
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
3,772 SF
Lot
1.29 ac (56,014 SF)
Zoning code
CO
APN
E4937-14-000-0002-00
UPID
US82-7080110
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
$840k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$615k
Owner & transaction history
Hidalgo North Properties INC · 9 yrs held
Hidalgo North Properties INC
since 2016
6 recorded transactions
Zoning & alternative use
CO · Mission, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+172.7%
Retail stores
$590,000
+121.6%
Auto repair, garage
$500,000
+88.9%
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 Mission submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mission 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
by Request
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Change: +173% · Conversion: Easy
RETAIL STORES
$590,000
Change: +122% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +89% · Conversion: Difficult
WAREHOUSE, STORAGE
$380,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$163 / 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
$11,953
Tax year 2022
Assessed value
$549,907
Assessed 2023
Previous assessed
$549,907
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$266,062
Assessed improvement
$283,845
Land market value
$266,062
Improvement market value
$283,845
Total market value
$549,907
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,772 SF
Lot
1.29 ac (56,014 SF)
Zoning code
CO
APN
E4937-14-000-0002-00
UPID
US82-7080110
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mission, TX
Zoning CO · permitted uses
CO · Mission, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mission. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$380,000
MEDICAL BUILDING
Est. value
$375,000
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Hidalgo North Properties INC
Entity
Mailing address
2105 REMINGTON AVE, EDINBURG, TX 78539-3931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
—
Hidalgo North Properties INC
—
Deed
related
$72,615,242 · Citizens Bk
Dec 19, 2008
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$1,250,000 · International Bank Of Commerce
Dec 12, 2008
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$2,630,466 · International Bank Of Commerce
—
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$1,034,810 · Texas State Bank
—
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$42,295 · Rbs Citizens Bank NA
—
—
Hidalgo North Properties INC
—
Loan Modification
related
$72,615,242 · Citizens Bk
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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