Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    601 10th St Mcallen, TX 78501-4951
    Back to Search
    Property profile & analytics

    601 10th St, Mcallen, TX 78501-4951

    View on Map
    • Motels
    • 15,884 SF
    • 0.65 lot acres
    Off-Market
    Property ID
    US82-2321334
    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
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TEXAS INN AIRPORT / Hotel & Motel / Vacation Rental

    Property Details for 601 10th St

    Year built
    1988
    Lot size
    0.65 lot acres
    Property type
    Motels
    APN
    S6050-00-000-0005-00
    APU
    S605000000000500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2016 — Govind Tirth LLC Rambhaja LP Grant Deed $1.5M · International Bk
    Apr 28, 2004 — Rambhaja Patel,ashok I & Anupama Warranty Deed $1.2M · Hiren M Govind
    — — Rambhaja — Deed Of Trust · related $113k · Hiren M Govind

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $380,000
      Market price range: $314k - $621k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $455,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $880,000
      Change: +94% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcallen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2302
    Latitude
    26.1981
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,000
    $470,090
    $629,910
    $1,100,000
    -
    $470,090
    $629,910
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      9,968 SF

      120 4th St

      MOTEL
      120 4th St, Mcallen, TX 78501-2704
      View Details
    • Value Estimation by Request
      9,999 SF

      1010 Houston Ave

      MOTEL
      1010 Houston Ave, Mcallen, TX 78501-5010
      View Details
    • Value Estimation
      $940,000
      28,400 SF

      501 10th St

      MOTEL
      501 10th St, Mcallen, TX 78501-4949
      View Details
    • Value Estimation
      $930,000
      23,464 SF

      700 Expy 83

      MOTEL
      700 Expy 83, Mcallen, TX 78501-2942
      View Details
    • Value Estimation
      $815,000
      23,296 SF

      1301 9th St

      MOTEL
      1301 9th St, Mcallen, TX 78501-2901
      View Details
    • Value Estimation
      $510,000
      19,411 SF

      301 Us Hwy 83

      MOTEL
      301 Us Hwy 83, Mcallen, TX 78501-8935
      View Details

    Similar Nearby for Sale

    • $2,850,000

      Super 8 McAllen Investment Opportunity

      49-room hotel in McAllen, Texas, near key attractions.
      1505 S 9Th St, McAllen, TX 78501
      View Details
    • Contact for pricing
      28,400 SF

      Profitable Hotel in Prime Location

      Profitable 75-room hotel on 1.62 acres near downtown McAllen.
      501 S 10Th St, McAllen, TX 78501
      View Details
    • $29,265,786
      134.37 Acres

      McAllen Commercial Land - 134 Acres

      Prime McAllen land, development potential.
      0 Mccoll Rd, McAllen, TX 78501
      View Details
    • Contact for pricing
      5,180 SF

      McAllen Mixed-Use Income Property

      High-visibility McAllen property with multiple income-generating features.
      2243 Pecan Blvd, McAllen, TX 78501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,054 SF

      Prime Office Space, McAllen

      Exceptional office space for lease in a vibrant McAllen location.
      1524 North Mccoll Rd, McAllen, TX 78501
      View Details
    • $2,500 /Mo
      1,535 SF

      McAllen Commercial Space Sublease

      Prime McAllen location with offices and warehouse space available.
      421 N 10Th St, McAllen, TX 78501
      View Details
    • Contact for pricing

      McAllen Retail/Office Space Available

      Versatile space in prime location near Expressway, ideal for various uses.
      906 E Us Highway 83, McAllen, TX 78501
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Premier commercial space suitable for retail or office ventures.
      1001 N Jackson Rd, McAllen, TX 78501
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on S 10th

      Retail opportunity near Expressway 83 and S 10th Street.
      802 S 10Th St, McAllen, TX 78501
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with multiple pad sites.
      3304 Kerria Ave, McAllen, TX 78501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 10th St
    Mcallen, TX 78501-4951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 10th St, Mcallen, TX, 78501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!