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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
4100 24th Ln Mcallen, TX 78504-4536
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-2475880
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
16,568 SF
Lot
0.59 ac (25,592 SF)
Zoning code
RS
APN
T7350-00-000-0026-00
UPID
US82-2475880
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$765k
Owner & transaction history
Iman Capital Growth LLC · 4 yrs held
Iman Capital Growth LLC
since 2022
7 recorded transactions
Zoning & alternative use
RS · Mcallen, 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 Mcallen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcallen 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$825,000
Current use
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$46 / 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
$25,946
Tax year 2022
Assessed value
$1,297,285
Assessed 2023
Previous assessed
$1,297,285
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$152,278
Assessed improvement
$1,145,007
Land market value
$152,278
Improvement market value
$1,145,007
Total market value
$1,297,285
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
16
Total area
16,568 SF
Lot
0.59 ac (25,592 SF)
Zoning code
RS
APN
T7350-00-000-0026-00
UPID
US82-2475880
Jurisdiction
HIDALGO
Zoning & alternative use
RS · Mcallen, TX
Zoning RS · permitted uses
RS · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcallen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
16
Lot
0.59 ac
Current owner
From public records · entity-resolved
Iman Capital Growth LLC
Entity
Mailing address
691 GRAND TETON DR, TRACY, CA 95377-6731
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Iman Capital Growth LLC
Wulff Skylight LLC
Venders Lien
$960,000 · First Community Bank
Mar 25, 2020
—
Wulff Skylight LLC
Reok LLC
Warranty Deed
$200,000 · Reok LLC
May 8, 2017
—
Reok LLC
Borges Texas Properties LLC
Venders Lien
$584,000 · Greater State Bank
Apr 16, 2009
—
Borges Texas Properties LLC
Borges Properties LLC
Quit Claim Deed
—
Mar 16, 2009
—
Borges Properties LLC
4100 North 24th Lane LLC
Grant Deed
—
Mar 4, 2008
$280,000
4100 North 24th Lane LLC
Neilson,chris
Trustees Deed
—
—
—
Borges Texas Properties LLC
—
Loan Modification
related
$210,000 · Wells Fargo Bk
—
—
Sabino Rodea
—
Deed Of Trust
related
$500,000 · Impac Multifamily Capital Corp
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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