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Property profile & analytics
FOR SALE
Grocery and convenience stores
3601 W Military Hwy Mission, TX 78572
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-7167252
For Sale
$515,000
3601 W Military Hwy, Mission, TX 78572
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Total area
4,536 SF
Lot
1.52 ac (66,368 SF)
Zoning code
CO,IN
APN
S3012-05-000-0001-00
UPID
US82-7167252
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
-
El Tigre Food Stores Grocery & Convenience Store Food Market
-
Exxon Gas Station
-
Watermill Express Big Box & Wholesale Store
-
CoinFlip Bitcoin ATM Business Banking Service Business To Business Service
-
Express Air Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$515k
Owner & transaction history
Hidalgo North Properties INC · 21 yrs held
Hidalgo North Properties INC
since 2004
7 recorded transactions
Zoning & alternative use
CO,IN · Mission, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$660,000
+55.1%
Office building
$640,000
+50.9%
Retail stores
$630,000
+48.8%
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 Mission submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mission 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Current use
COMMERCIAL (GENERAL)
$660,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$640,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$630,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$114 / 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
$21,750
Tax year 2022
Assessed value
$850,636
Assessed 2023
Previous assessed
$850,636
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$564,128
Assessed improvement
$286,508
Land market value
$564,128
Improvement market value
$286,508
Total market value
$850,636
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,536 SF
Lot
1.52 ac (66,368 SF)
Zoning code
CO,IN
APN
S3012-05-000-0001-00
UPID
US82-7167252
Jurisdiction
HIDALGO
Zoning & alternative use
CO,IN · Mission, TX
Zoning CO,IN · permitted uses
CO,IN · Mission, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mission. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$660,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$590,000
MEDICAL BUILDING
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Hidalgo North Properties INC
Entity
Mailing address
2105 REMINGTON AVE, EDINBURG, TX 78539-3931
Ownership since
2004
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
May 30, 2017
—
192 Mission Ltd
—
Deed
related
$14,698,291 · Love Fndg
Nov 4, 2016
—
Hidalgo North Properties INC
—
Deed
related
$72,615,242 · Citizens Bank NA
Dec 19, 2008
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$1,250,000 · International Bank Of Commerce
Dec 12, 2008
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$2,630,466 · International Bank Of Commerce
Sep 20, 2004
—
Hidalgo North Properties INC
Hunt Valley Industrial I
Grant Deed
$1,519,164 · Texas State Bank Mcallen
—
—
Hidalgo North Properties INC
—
Deed Of Trust
related
$1,515,001 · Texas State Bank
—
—
192 Mission Ltd
—
Loan Modification
related
$14,698,291 · Love Fndg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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