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Property profile & analytics
FOR LEASE
Drive through restaurants
600 E Ridge Rd McAllen, TX 78503
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-5265471
For Lease
1 / 6
$28 SF/Yr
600 E Ridge Rd, McAllen, TX 78503
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2003
Total area
2,797 SF
Lot
0.62 ac (26,998 SF)
Zoning code
CO
APN
R2660-00-000-0002-00
UPID
US82-5265471
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tnp Group LLC · 4 yrs held
Tnp Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
CO · Mcallen, 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 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
$12,747
Tax year 2022
Assessed value
$610,672
Assessed 2023
Previous assessed
$610,672
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$405,000
Assessed improvement
$205,672
Land market value
$405,000
Improvement market value
$205,672
Total market value
$610,672
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,797 SF
Lot
0.62 ac (26,998 SF)
Zoning code
CO
APN
R2660-00-000-0002-00
UPID
US82-5265471
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.
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Tnp Group LLC
Entity
Mailing address
5900 BALCONES DR STE #100, AUSTIN, TX 78731-4298
Ownership since
2022
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 17, 2022
—
Tnp Group LLC
Debbie Vander Zwaag
Special Warranty Deed
$800,000 · Southern Bank
May 12, 2016
—
Vander,zwaag & Johanson Trust
—
Deed
related
$795,993 · Falcon Int'l Bk
Jul 26, 2013
—
Vander Zwaag Of Johanson Trust
Zwaag,debbie V
Quit Claim Deed
related
—
Dec 28, 2006
—
Gnl Mcallen Partners
—
Trustees Deed
related
$6,817,500 · Inwood National Bank
Aug 22, 2006
—
William R Johanson JR.
Gnl Mcallen Partners
Grant Deed
$956,450 · California Cu
Apr 20, 2006
—
Gnl Mcallen Partners
Cvi Co Ltd
Grant Deed
$6,817,500 · Inwood National Bank
—
—
Vander,zwaag & Johanson Trust
—
Loan Modification
related
$795,993 · Falcon Int'l Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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