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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Individual retail properties
3039 Expy 83 Mercedes, TX 78570-8500
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-5262467
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1995
Total area
19,536 SF
Lot
5.5 ac (239,580 SF)
APN
C0700-00-113-0001-10
UPID
US82-5262467
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$955k
Owner & transaction history
Juan A S M Garza · 6 yrs held
Juan A S M Garza
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+50.1%
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 Mercedes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercedes 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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$1,025,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$49 / 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
$36,022
Tax year 2022
Assessed value
$1,365,572
Assessed 2023
Previous assessed
$1,365,572
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$890,519
Assessed improvement
$475,053
Land market value
$890,519
Improvement market value
$475,053
Total market value
$1,365,572
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
19,536 SF
Lot
5.5 ac (239,580 SF)
APN
C0700-00-113-0001-10
UPID
US82-5262467
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
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
GYM, HEALTH SPA Current
NEIGHBORHOOD: SHOPPING CENTER
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.5 ac
Current owner
From public records · entity-resolved
Juan A S M Garza
Individual
Mailing address
820 W MILE 10TH N, WESLACO, TX 78599-3095
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
—
Juan A S M Garza
Patel,hasmukh & Rita
Warranty Deed
$655,000 · Hasmukh & Rita Patel
Apr 1, 2019
—
R & Family Trust
Reganti,reddy S
Quit Claim Deed
related
—
Nov 29, 2012
—
New Beginnings Christian Ch
Patel,hasmukh & Rita
Warranty Deed
$685,000 · Hasmukh & Rita Patel
Aug 2, 2010
—
Hasmukh D Patel
—
Trustees Deed
related
$100,350 · Rio Grande Valley Empowerment
—
—
Hasmukh D Patel
—
Deed Of Trust
related
$20,000 · Mcallen National Bank
—
—
Hasmukh D Patel
—
Deed Of Trust
related
$368,000 · Mcallen National Bank
—
—
Hasmukh Patel
—
Deed Of Trust
related
$550,000 · Rio Grande Valley Empowerment
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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