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Property profile & analytics
FOR LEASE
Office buildings
3118 Center Point Dr Edinburg, TX 78539
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3399055
For Lease
1 / 2
Contact for pricing
3118 Center Point Dr, Edinburg, TX 78539
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
15,750 SF
Lot
1.53 ac (66,808 SF)
APN
C2672-00-007-0002-00
UPID
US82-3399055
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
$2.03M
Blend (final)
Blend
$2.37M
Owner & transaction history
3bu Family LP · 10 yrs held
3bu Family LP
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+22.6%
Retail stores
$1.8M
+16.4%
Restaurant
$1.7M
+12.5%
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 Edinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edinburg 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
OFFICE BUILDING
$1,525,000
Current use
AUTO REPAIR, GARAGE
$1,865,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,770,000
Change: +16% · Conversion: Moderate
RESTAURANT
$1,715,000
Change: +13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,560,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$1,455,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$150 / 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
$49,041
Tax year 2022
Assessed value
$1,883,283
Assessed 2023
Previous assessed
$1,883,283
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$881,892
Assessed improvement
$1,001,391
Land market value
$881,892
Improvement market value
$1,001,391
Total market value
$1,883,283
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,750 SF
Lot
1.53 ac (66,808 SF)
APN
C2672-00-007-0002-00
UPID
US82-3399055
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
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
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
1.53 ac
Current owner
From public records · entity-resolved
3bu Family LP
Entity
Free & Clear · 10 yrs held
Mailing address
824 E HACKBERRY AVE STE #110, MCALLEN, TX 78501-6788
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
3bu Family LP
—
Deed
related
$3,800,000 · International Bk/commerce
Oct 16, 2015
—
3bu Family LP
Mil Bostes LLC
Warranty Deed
—
Jul 14, 2011
$1,096,036
Natl Bk First
Mccarthy,m V
Trustees Deed
related
—
Sep 13, 2004
—
A Touch Home Health Care Ltd
Mastercrafters Const & Dev INC
Warranty Deed
$1,408,000 · First Nat'l Bk
—
—
Mil Bostes LLC
—
Deed Of Trust
related
$1,106,000 · International Bk/commerce
—
—
3bu Family LP
—
Deed Of Trust
related
$3,800,000 · International Bk/commerce
—
—
3bu Family LP
—
Loan Modification
related
$1,106,000 · International Bk/commerce
—
—
Ryr Dev Ltd
—
Loan Modification
related
$247,423 · Texas St Bk/joaquin Tx
—
—
Mastercrafters Const & Dev INC
—
Loan Modification
related
$1,344,600 · Texas St Bk/joaquin Tx
—
—
A Touch Home Health Care Ltd
—
Loan Modification
related
$1,123,719 · First Nat'l 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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