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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Medical Office Space
521 10th St Mcallen, TX 78501-4949
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-3328227
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
8,154 SF
Lot
0.74 ac (32,252 SF)
Zoning code
CO
APN
I2210-00-000-000A-00
UPID
US83-3328227
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
-
Gillett Richard MD Ophthalmologist
-
Buena vista Optical & Eye Clinic Ophthalmologist
-
Southeast Texas Eye Associates Ophthalmologist
-
The Glam Bar Total Beauty Nail Salon
-
Bella Vista Optical and eye clinic Eye Care Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.03M
Owner & transaction history
Ronak LP · 3 yrs held
Ronak LP
since 2023
7 recorded transactions
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
revised UDC
Top alternative use upside
Auto repair, garage
$1.1M
+41.7%
Commercial (general)
$915,000
+14.9%
Restaurant
$905,000
+13.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
AUTO REPAIR, GARAGE
$1,125,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: +15% · Conversion: Easy
RESTAURANT
$905,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +9% · Conversion: Easy
RETAIL STORES
$790,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$126 / 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
$20,620
Tax year 2022
Assessed value
$1,030,998
Assessed 2023
Previous assessed
$1,030,998
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$538,642
Assessed improvement
$492,356
Land market value
$538,642
Improvement market value
$492,356
Total market value
$1,030,998
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Bathrooms
2
Total area
8,154 SF
Lot
0.74 ac (32,252 SF)
Zoning code
CO
APN
I2210-00-000-000A-00
UPID
US83-3328227
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mcallen, TXZoning CO · permitted uses
CO · Mcallen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
revised UDC
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$915,000
RESTAURANT
Est. value
$905,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$790,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1994
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Ronak LP
Entity
Mailing address
1220 NORTHGATE LN, MCALLEN, TX 78504-9556
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Ronak LP
South Tenth 521 Ltd
Correction Deed
related
—
Apr 19, 2023
—
Ronak LP
South Tenth 521 Ltd
Venders Lien
$900,000 · Jpmorgan Chase Bank NA
Apr 17, 2009
—
South Tenth 521 Ltd
Gillett Richard Family Trust
Warranty Deed
—
Oct 17, 2008
—
Trosper Ltd
Gillett Richard Family Trust
Warranty Deed
—
Jun 14, 2006
—
Gillett Richard Family Trust
Concord National Invs INC
Warranty Deed
$450,000 · International Bank Of Commerce
—
—
Gillett Richard Family Trust
—
Deed Of Trust
related
$98,500 · International Bank Of Commerce
—
—
Gillett Richard Family Trust
—
Deed Of Trust
related
$123,500 · 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.
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