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Property profile & analytics
OFF-MARKET
Strip malls
500 23rd St Mcallen, TX 78501-8095
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-2065972
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
3,576 SF
Lot
0.32 ac (14,000 SF)
Zoning code
C-3
APN
H0900-00-012-0014-00
UPID
US82-2065972
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
-
Black & White Salon Hair Salon Nail Salon
-
Flash Mail Boxes & Parcel Service Business Service Center Postal Service
-
Diamante Negro Barber Shop Barber Shop
-
Premier Auto Sales Car Dealership
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
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
Skyview Investment Properties LLC · 2 yrs held
Skyview Investment Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
C-3 · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally characterized by an integrated or planned cluster of establishments served by a common parking area and generating large volumes of vehicular…
Zone name
General Business
General category
COMMERCIAL
Zone area
4,015.65 ac
Source
Realmo
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
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
$5,589
Tax year 2022
Assessed value
$279,459
Assessed 2023
Previous assessed
$279,459
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$112,000
Assessed improvement
$167,459
Land market value
$112,000
Improvement market value
$167,459
Total market value
$279,459
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,576 SF
Lot
0.32 ac (14,000 SF)
Zoning code
C-3
APN
H0900-00-012-0014-00
UPID
US82-2065972
Jurisdiction
HIDALGO
Zoning & alternative use
C-3 · Mcallen, TXZoning C-3 · permitted uses
C-3 · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-3 general business district is established to provide sufficient space, in appropriate locations with a variety of site choices, for development requiring a higher density of commercial establishments, generally characterized by an integrated or planned cluster of establishments served by a common parking area and generating large volumes of vehicular and pedestrian traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
4,015.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Skyview Investment Properties LLC
Entity
Mailing address
PO BOX 1928, MISSION, TX 78573-0032
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
—
Skyview Investment Properties LLC
Dg & Gg Investments LLC
Special Warranty Deed
—
Oct 1, 2020
—
Dg & Gg Investments LLC
Skyview Invs Prop LLC
Grant Deed
$2,300,000 · Community First Nat'l Bk
Apr 21, 2016
—
Skyview Investments
Gomez,justo M
Warranty Deed
—
Nov 13, 2015
—
Justo M Gomez
Inter Natl Bk
Grant Deed
—
Nov 10, 2015
—
Inter Natl Bk
Chavez Juan|duran,oscar & Susana
Trustees Deed
related
—
Aug 19, 2015
—
Inter Natl Bk
Duran,oscar & Susana
Deed In Lieu Of Foreclosure
related
—
Feb 26, 2004
—
Oscar Duran
—
Trustees Deed
related
$21,497 · Inter National Bank
—
—
Oscar Duran
—
Deed Of Trust
related
$116,556 · Monica Prasad
—
—
Oscar Duran
—
Deed Of Trust
related
$180,000 · International Bk
—
—
Oscar Duran
—
Loan Modification
related
$180,000 · International Bk
—
—
Oscar Duran
—
Deed Of Trust
related
$143,799 · Inter National Bank
—
—
Oscar Duran
—
Deed Of Trust
related
$10,382 · Inter National Bank
—
—
Oscar Duran
—
Deed Of Trust
related
$347,000 · Inter National Bank
—
—
Oscar Duran
—
Deed Of Trust
related
$88,153 · Inter 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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