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Property profile & analytics
FOR SALE
Turn key restaurants
601 Expy 83 Mcallen, TX 78503-2931
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-2732190
For Sale
1 / 24
$5,000,000
601 Expy 83, Mcallen, TX 78503-2931
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Total area
13,585 SF
Lot
1.57 ac (68,372 SF)
Zoning code
CO
APN
S2005-00-000-002A-00
UPID
US82-2732190
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
-
Poncho's Restaurant
-
Poncho's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$665k
Owner & transaction history
Rkl Family Limited Partnership · 1 yrs held
Rkl Family Limited Partnership
since 2024
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
Method
Estimation
Statistic approach
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$49 / 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
$35,794
Tax year 2022
Assessed value
$1,789,681
Assessed 2023
Previous assessed
$1,789,681
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,148,633
Assessed improvement
$641,048
Land market value
$1,148,633
Improvement market value
$641,048
Total market value
$1,789,681
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1991
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
13,585 SF
Lot
1.57 ac (68,372 SF)
Zoning code
CO
APN
S2005-00-000-002A-00
UPID
US82-2732190
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
Rkl Family Limited Partnership
Entity
Mailing address
PO BOX 764, PHARR, TX 78577-1615
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Rkl Family Limited Partnership
Rolando Limon
Deed
related
$984,999 · Freedom Bank
Nov 19, 2018
—
Rkl Family LP
—
Deed
related
$1,602,543 · Plainscapital Bk
Dec 7, 2012
—
Rkl Family LP
—
Trustees Deed
related
$200,000 · Lone Star National Bank
Jun 15, 2012
—
Rkl Ltd Family Ptshp
Limon,rolando & Katty
Warranty Deed
—
Oct 29, 2009
—
Rolando Limon
Ting,rose
Grant Deed
$2,000,000 · Rose Ting
—
—
Rkl Family LP
—
Loan Modification
related
$1,602,543 · Plainscapital Bk
—
—
Stlawrence Food INC
—
Deed Of Trust
related
$384,985 · Inter National Bank
—
—
Rkl Family LP
—
Deed Of Trust
related
$1,500,000 · Lone Star National Bank
—
—
Stlawrence Food INC
—
Deed Of Trust
related
$488,000 · Inter National Bank
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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