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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Medical Office Space
3001 23rd St Ste 1 Mcallen, TX 78501-6179
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-5267345
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
7,711 SF
Lot
0.56 ac (24,568 SF)
Zoning code
CO
APN
D0630-00-000-0001-00
UPID
US82-5267345
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
-
Martinez Luz DDS Dental Office
-
Urena Angie Dental Office
-
Han Sam DDS Dental Office
-
RGV Smiles-Rocky L Salinas Dental Office
-
Women's Clinic of South Texas: Ikeda Marcos H MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$925k
Owner & transaction history
Jereca LLC · 5 yrs held
Jereca LLC
since 2021
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+41.7%
Commercial (general)
$865,000
+14.9%
Restaurant
$855,000
+13.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +15% · Conversion: Easy
RESTAURANT
$855,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +9% · Conversion: Easy
RETAIL STORES
$750,000
Change: 0% · Conversion: Difficult
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
$120 / 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
$16,618
Tax year 2022
Assessed value
$830,907
Assessed 2023
Previous assessed
$830,907
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$202,690
Assessed improvement
$628,217
Land market value
$202,690
Improvement market value
$628,217
Total market value
$830,907
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,711 SF
Lot
0.56 ac (24,568 SF)
Zoning code
CO
APN
D0630-00-000-0001-00
UPID
US82-5267345
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TX
Zoning CO · permitted uses
CO · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcallen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$865,000
RESTAURANT
Est. value
$855,000
OFFICE BUILDING
Est. value
$815,000
RETAIL STORES
Est. value
$750,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2001
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Jereca LLC
Entity
Mailing address
333 TOUCAN AVE, MCALLEN, TX 78504-1720
Ownership since
2021
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
Apr 8, 2021
—
Jereca LLC
Julcar LLC
Venders Lien
$680,000 · Vantage Bank Texas
Nov 4, 2015
—
Julcar LLC
—
Deed Of Trust
related
$1,500,000 · Lone Star Nat'l Bk
May 1, 2014
—
Julcar LLC
—
Trustees Deed
related
$800,000 · Lone Star Nat'l Bk
Dec 3, 2013
—
Julcar LLC
—
Trustees Deed
related
$500,000 · Lone Star National Bank
Sep 26, 2013
—
Julcar LLC
Martinez,agustin
Grant Deed
related
—
Sep 23, 2013
—
Agustin Martinez
A & J Martinez LP
Quit Claim Deed
related
—
—
—
Julcar LLC
—
Deed Of Trust
related
$1,200,000 · Lone Star National Bank
—
—
Julcar LLC
—
Loan Modification
related
$365,849 · Lone Star Nat'l Bk
—
—
A Martinez
—
Deed Of Trust
related
$1,200,000 · International Bank Of 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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