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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Office buildings
517 Interstate 2nd 2 Pharr, TX 78577-6556
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4815782
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
11,952 SF
Lot
2 ac (87,068 SF)
Zoning code
CO
APN
M6400-01-000-001A-00
UPID
US82-4815782
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
$1.94M
Blend (final)
Blend
$2.01M
Owner & transaction history
Bingo Gardens INC
Bingo Gardens INC
5 recorded transactions
Zoning & alternative use
CO · Pharr, 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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$1,580,000
Current use
RETAIL STORES
$1,565,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,535,000
Change: -3% · Conversion: Difficult
RESTAURANT
$1,450,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$168 / 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
$54,341
Tax year 2022
Assessed value
$1,937,374
Assessed 2023
Previous assessed
$1,937,374
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$888,083
Assessed improvement
$1,049,291
Land market value
$888,083
Improvement market value
$1,049,291
Total market value
$1,937,374
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
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
4
Total area
11,952 SF
Lot
2 ac (87,068 SF)
Zoning code
CO
APN
M6400-01-000-001A-00
UPID
US82-4815782
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Pharr, TX
Zoning CO · permitted uses
CO · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1975
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
2 ac
Current owner
From public records · entity-resolved
Bingo Gardens INC
Entity
Mailing address
1641 RESACA VLG, BROWNSVILLE, TX 78521-1408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Bingo Gardens INC
—
Deed Of Trust
related
$50,000 · International Bank Of Commerce
—
—
Bingo Gardens INC
—
Deed Of Trust
related
$500,000 · International Bank Of Commerce
—
—
Bingo Gardens INC
—
Deed Of Trust
related
$500,000 · International Bank Of Commerce
—
—
Miracle Mile Bingo INC
—
Deed Of Trust
related
$500,000 · International Bank Comm Browns
—
—
Miracle Mile Bingo INC
—
Deed Of Trust
related
$50,000 · International Bank Of Commerce
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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