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    Property profile & analytics

    3010 L Ln McAllen, TX 78503

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7143302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 3010 L Ln

    Year built
    2013
    Property type
    Small apartment buildings

    Description

    This exceptional 2013-built, four-unit apartment building in McAllen, Texas, presents a compelling investment opportunity. Situated on an 8,941 square foot lot at 3010 S L Lane, 78503, this property boasts high-end construction and meticulous maintenance. Each of the four spacious units features a thoughtfully designed layout with all bedrooms located upstairs and living areas and kitchens on the main floor. All units are exceptionally clean, include built-in features, and are entirely tile-floored, eliminating the need for carpet. Appliances are included in the sale. Each unit benefits from its own electric and water meters, with additional meters provided for owner/common area use. Two units include a one-car garage, and all units offer at least two parking spaces on a concrete surface. Safety is prioritized with fire protection systems, including sprinklers and extinguishers in each unit, and a central control room located externally. The property's superior construction and high occupancy rate make it an attractive investment prospect. The builder is known for their exceptional construction quality and customer satisfaction. Each unit also features a small enclosed patio in the rear. This turnkey property is ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2113528
    Latitude
    26.1720688

    Comparable in this City

    • $165,000

      McAllen Multifamily Investment Opportunity

      1-Unit Apartment Building, Excellent Potential
      1412 Keeton Ave, McAllen, TX 78503
      View Details
    • $875,000
      2 SF

      Renovated Multifamily Property Near La Plaza

      Fully renovated 8-unit multifamily property near La Plaza Mall.
      712 W Toronto Ave, McAllen, TX 78503
      View Details
    • $600,000
      5,480 SF

      McAllen Quadruplex Investment Opportunity

      Four units, each with 3 beds and 3 baths.
      3004 L St, McAllen, TX 78503
      View Details
    • $600,000
      5,502 SF

      McAllen Quadruplex Investment Opportunity

      Four units, each with 3 bedrooms and 3 baths.
      3005 S K Center St, McAllen, TX 78503
      View Details
    • $244,000
      2,414 SF

      Fully Leased McAllen Quadruplex

      Turnkey investment: fully leased multi-unit property in McAllen, TX.
      3618 Gloria Ave, McAllen, TX 78503
      View Details
    • $1,199,000
      2.27 Acres

      McAllen Land: Prime Commercial Opportunity

      2.27-Acre Tract, C-3 Zoning, Development Potential
      0 Toronto Ave, McAllen, TX 78503
      View Details

    Similar Nearby for Sale

    • $165,000

      McAllen Multifamily Investment Opportunity

      1-Unit Apartment Building, Excellent Potential
      1412 Keeton Ave, McAllen, TX 78503
      View Details
    • $875,000
      2 SF

      Renovated Multifamily Property Near La Plaza

      Fully renovated 8-unit multifamily property near La Plaza Mall.
      712 W Toronto Ave, McAllen, TX 78503
      View Details
    • $600,000
      5,480 SF

      McAllen Quadruplex Investment Opportunity

      Four units, each with 3 beds and 3 baths.
      3004 L St, McAllen, TX 78503
      View Details
    • $600,000
      5,502 SF

      McAllen Quadruplex Investment Opportunity

      Four units, each with 3 bedrooms and 3 baths.
      3005 S K Center St, McAllen, TX 78503
      View Details
    • $244,000
      2,414 SF

      Fully Leased McAllen Quadruplex

      Turnkey investment: fully leased multi-unit property in McAllen, TX.
      3618 Gloria Ave, McAllen, TX 78503
      View Details
    • $1,199,000
      2.27 Acres

      McAllen Land: Prime Commercial Opportunity

      2.27-Acre Tract, C-3 Zoning, Development Potential
      0 Toronto Ave, McAllen, TX 78503
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,025 SF

      McAllen Warehouse: Prime Location

      Spacious warehouse, ideal for storage & distribution.
      1917 Tanya Ave, McAllen, TX 78503
      View Details
    • Contact for pricing
      353,602 SF

      International Parkway Warehouse

      Single-tenant industrial warehouse, 353,602 SF
      6900 International Pkwy, McAllen, TX 78503
      View Details
    • $15 SF/Yr
      1,440 SF

      Prime Commercial Office Space

      Executive Suites, Great Location, 1440 sq ft
      2711 23Rd St, McAllen, TX 78503
      View Details
    • Contact for pricing
      37,590 SF

      McAllen Warehouse in Sharyland Park

      Industrial warehouse space for rent in McAllen, Texas.
      5350 W Military Hwy, McAllen, TX 78503
      View Details
    • Contact for pricing
      38,354 SF

      McAllen Industrial Corridor Location

      Industrial property in McAllen's logistics and trade routes.
      3500 W Military Hwy, McAllen, TX 78503
      View Details
    • Contact for pricing
      6,000 SF

      Mixed-Use Lifestyle Center Available

      Mixed-use center with retail, restaurant, and entertainment options.
      3401 Expressway 83 W, McAllen, TX 78503
      View Details
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    3010 L Ln
    McAllen, TX 78503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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