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Property profile & analytics
OFF-MARKET
Apartment buildings
3048 Ashley Pl Pharr, TX 78577-6996
Individually Owned
15-yr Hold
Free & Clear
Property ID
US82-5149538
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
3,069 SF
Lot
0.26 ac (11,282 SF)
Zoning code
RS
APN
P7170-06-042-0022-00
UPID
US82-5149538
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis M G Martinez · 15 yrs held
Luis M G Martinez
since 2011
6 recorded transactions
Zoning & alternative use
RS · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
—
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
$8,593
Tax year 2022
Assessed value
$306,343
Assessed 2023
Previous assessed
$306,343
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$88,556
Assessed improvement
$217,787
Land market value
$88,556
Improvement market value
$217,787
Total market value
$306,343
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
5
Total area
3,069 SF
Lot
0.26 ac (11,282 SF)
Zoning code
RS
APN
P7170-06-042-0022-00
UPID
US82-5149538
Jurisdiction
HIDALGO
Zoning & alternative use
RS · Pharr, TX
Zoning RS · permitted uses
RS · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
5
Lot
0.26 ac
Current owner
From public records · entity-resolved
Luis M G Martinez
Individual
Free & Clear · 15 yrs held
Mailing address
431 PLANTATION DR, PHARR, TX 78577-6978
Ownership since
2011
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
May 11, 2011
—
Luis M G Martinez
Flores,mario G
Warranty Deed
related
—
Jan 19, 2011
—
Mario G Flores
Kanan Family Investments Ltd
Warranty Deed
—
Jun 13, 2005
—
Gerardo H T Ramirez
—
Trustees Deed
related
$245,000 · Laredo National Bank
Mar 24, 2005
—
Kanan Family Investments Ltd
Ramirez,gerardo H T
Warranty Deed
$300,000 · First National Bank
—
—
Kanan Family Investments Ltd
—
Deed Of Trust
related
$251,935 · First National Bank
—
—
Gerardo H T Ramirez
—
Deed Of Trust
related
$245,000 · Laredo National Bank
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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