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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Apartment buildings
4401 6th St Mcallen, TX 78504-2572
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-3731109
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1997
Total area
10,614 SF
Lot
6.77 ac (295,019 SF)
Zoning code
CO
APN
S2547-00-000-0001-00
UPID
US83-3731109
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
-
Aluminum print customs Building Supply Metal Fabrication Plant
-
The Landing on 6th Apartment Rental Agency Apartment Complex
-
BEADS OF BEAUTY BY JULISSA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$545k
Owner & transaction history
Landing On 6th Vv LLC · 2 yrs held
Landing On 6th Vv LLC
since 2023
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+59.3%
Retail stores
$825,000
+56.7%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +59% · Conversion: Moderate
RETAIL STORES
$825,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$51 / 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
$226,824
Tax year 2022
Assessed value
$11,341,223
Assessed 2023
Previous assessed
$11,341,223
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,153,646
Assessed improvement
$9,187,577
Land market value
$2,153,646
Improvement market value
$9,187,577
Total market value
$11,341,223
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 (100+ UNITS)
Status
Off-Market
Year built
1997
Heating
CENTRAL
Cooling
CENTRAL
Buildings
10
Stories
1
Units
150
Total area
10,614 SF
Lot
6.77 ac (295,019 SF)
Zoning code
CO
APN
S2547-00-000-0001-00
UPID
US83-3731109
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TX
Zoning CO · permitted uses
CO · 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
$525,000
COMMERCIAL (GENERAL)
Est. value
$840,000
RETAIL STORES
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
10
Units
150
Lot
6.77 ac
Current owner
From public records · entity-resolved
Landing On 6th Vv LLC
Entity
Mailing address
1001 WW LOOP S STE #625, HOUSTON, TX 77027-8002
Ownership since
2023
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
Sep 29, 2023
—
Landing On 6th Vv LLC
Juniper Nolana LLC
Warranty Deed
$9,796,000 · Berkeley Point Capital LLC
Nov 17, 2022
—
Spectrum Gulf Coast LLC
Juniper Nolana LLC
Agreement Of Sale
—
Apr 17, 2014
—
Juniper Nolan LLC
Mcallen Pacific Pointe LLC
Special Warranty Deed
—
Mar 1, 2013
—
Mcallen Pacific Pointe LLC
—
Deed Of Trust
related
$67,278,000 · Beech Street Capital LLC
Feb 6, 2012
—
Mcallen Pacific Pointe LLC
—
Deed Of Trust
related
$125,000,000 · Arbor Commercial Funding LLC
Feb 1, 2011
—
Alcurt Mcallen LLC
Medley,monty
Trustees Deed
related
—
Jan 9, 2009
—
Seville Mcallen Apartments LLC
6th & Nolana Apt Ltd
Warranty Deed
—
—
—
Alcurt Mcallen LLC
—
Deed Of Trust
related
$4,500,000 · Lenox Financial
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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