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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Strip malls
620 Expy 83 Mcallen, TX 78503-1600
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-4688651
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Construction
TILT-UP CONCRETE
Total area
39,820 SF
Lot
4.53 ac (197,244 SF)
Zoning code
C
APN
M2280-00-000-000F-00
UPID
US82-4688651
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
-
Baymont By Wyndham Hotel & Motel
-
Posada Ana Inn McAllen Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Ross Dress For Less INC · 1 yrs held
Ross Dress For Less INC
since 2024
4 recorded transactions
Zoning & alternative use
C · 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
$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
$113,113
Tax year 2022
Assessed value
$5,419,124
Assessed 2023
Previous assessed
$5,419,124
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$2,643,056
Assessed improvement
$2,776,068
Land market value
$2,643,056
Improvement market value
$2,776,068
Total market value
$5,419,124
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
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
20
Total area
39,820 SF
Lot
4.53 ac (197,244 SF)
Zoning code
C
APN
M2280-00-000-000F-00
UPID
US82-4688651
Jurisdiction
HIDALGO
Zoning & alternative use
C · Mcallen, TX
Zoning C · permitted uses
C · 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
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
20
Lot
4.53 ac
Current owner
From public records · entity-resolved
Ross Dress For Less INC
Entity
Mailing address
5130 PO BOX 24550TH DR, COLUMBUS, OH 43224-0550
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Ross Dress For Less INC
Mcallen Tx LLC
Lease
—
Feb 10, 2016
—
Mcallen Tx LLC
Sm Newco Mcallen LP
Quit Claim Deed
—
Sep 21, 2010
—
Sm Newco Mcallen LP
—
Deed Of Trust
related
$138,590,283 · Eurohypo Ag
—
—
Sm Newco Mcallen LP
—
Deed Of Trust
related
$22,750,000 · Bank Of America
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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