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    5705 Sandpiper Ave McAllen, TX 78504
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    Property profile & analytics

    5705 Sandpiper Ave McAllen, TX 78504

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    • Residential income homes
    • 4,349 SF
    Off-Market
    Property ID
    US82-0092250
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 5705 Sandpiper Ave

    Year built
    2022
    Property size
    4,349 SF
    Property type
    Residential income homes
    APN
    S2955-00-000-0053-00

    Description

    This exceptional multifamily investment opportunity in McAllen, Texas, presents a 4-unit property totaling 4,349 square feet, built in 2022. The property sits on a 10,625 square foot lot and is zoned RM. Each of the four units boasts three bedrooms and two bathrooms, featuring modern amenities such as wood-like tile flooring, granite countertops, stainless steel appliances, and a private patio. Currently enjoying 100% occupancy, this property provides immediate cash flow. The asking price is $605,000, translating to $139.11 per square foot and $151,250 per unit. Located in the desirable McAllen area, this well-maintained property offers low maintenance costs and significant potential for strong returns in a growing market. The property's modern design and desirable features ensure high tenant demand and long-term stability. This is a turnkey investment ready to generate income from day one. The property's address is 5705 Sandpiper Ave, McAllen, TX 78504, and its APN is S2955-00-000-0053-00. This represents a rare opportunity to acquire a high-performing multifamily asset in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2892001

    Comparable in this City

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      Modern Four-Plex in Sharyland ISD

      Four modern units in gated community with owner financing.
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      McAllen Commercial Investment Opportunity

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    Similar Nearby for Sale

    • $544,500
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      Modern Four-Plex in Sharyland ISD

      Four modern units in gated community with owner financing.
      5609 Sandpiper Ave, McAllen, TX 78504
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    • $525,000
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      New Construction Fourplex in McAllen

      New fourplex in a rapidly growing, desirable location.
      11308 N 25Th St, McAllen, TX 78504
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    • $520,000
      3,978 SF

      New Fourplex in Sharyland Subdivision

      New construction fourplex with modern finishes, completion late Spring 2026.
      5800 Ozark Ave, McAllen, TX 78504
      View Details
    • New
      $550,000
      5,266 SF

      McAllen Commercial Investment Opportunity

      Commercial property featuring a 4-plex, mobile home lots, and homes.
      4620 N Ware Rd, McAllen, TX 78504
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    • Contact for pricing
      6,992 SF

      Multifamily Property in North McAllen

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    • $495,000
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      New Construction Quadplex Investment

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    Similar Nearby for Lease

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      McAllen Commercial Land & Building

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      Central McAllen Retail and Office

      Retail and office spaces in central McAllen, Texas.
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      Pad Site on N. McColl

      Build-to-suit pad site with excellent visibility available for lease.
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      Retail Space Available For Rent

      Retail space available, approximately 4000 square feet.
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      12,700 SF

      Retail Space in North McAllen

      12,700 SF retail space available for lease.
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    • $1.20 SF/Yr

      Professional Office Space Available

      Office space with high exposure in a prime location.
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    McAllen, TX 78504
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    5705 Sandpiper Ave, McAllen, TX, 78504
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