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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Strip malls
607 Interstate 2nd 2, Pharr, TX 78577-6541
Individually Owned
7-yr Hold
Free & Clear
Property ID
US82-5411259
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
10,780 SF
Lot
0.87 ac (37,875 SF)
Zoning code
QWB
APN
L5350-00-000-0001-00
UPID
US82-5411259
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$610k
Owner & transaction history
Audie E Ray · 7 yrs held
Audie E Ray
since 2019
4 recorded transactions
Zoning & alternative use
QWB · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+33.2%
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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$57 / 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
$29,975
Tax year 2022
Assessed value
$1,068,656
Assessed 2023
Previous assessed
$1,068,656
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$359,803
Assessed improvement
$708,853
Land market value
$359,803
Improvement market value
$708,853
Total market value
$1,068,656
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
10,780 SF
Lot
0.87 ac (37,875 SF)
Zoning code
QWB
APN
L5350-00-000-0001-00
UPID
US82-5411259
Jurisdiction
HIDALGO
Zoning & alternative use
QWB · Pharr, TX
Zoning QWB · permitted uses
QWB · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
2011
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.87 ac
Current owner
From public records · entity-resolved
Audie E Ray
Individual
Free & Clear · 7 yrs held
Mailing address
3100 COLBATH AVE, MCALLEN, TX 78503-8313
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2019
—
Audie E Ray
Audie E Ray Commerical Prop Le
Quit Claim Deed
related
—
Apr 5, 2018
—
Audie E Ray Commerical Prop In
Ray,audie E
Quit Claim Deed
related
—
Aug 28, 2006
—
Audie E Ray
Lone Star Dev Co Of Pharr INC
Warranty Deed
$160,000 · International Bank Of Commerce
—
—
Audie E Ray
—
Deed Of Trust
related
$160,000 · 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.
Try Rey
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