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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Hotels
6420 23rd St, Mcallen, TX 78503-8915
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-5391466
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Total area
21,572 SF
Lot
1.17 ac (51,052 SF)
APN
M2320-00-000-005C-00
UPID
US82-5391466
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
-
Hotel Texas Inn Suites Hotel & Motel
-
Texas Inn McAllen Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Mjpa Hospitality LLC · 4 yrs held
Mjpa Hospitality LLC
since 2021
7 recorded transactions
Zoning & alternative use
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$600,000
Current use
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$28 / 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
$17,635
Tax year 2022
Assessed value
$881,726
Assessed 2023
Previous assessed
$881,726
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$347,167
Assessed improvement
$534,559
Land market value
$347,167
Improvement market value
$534,559
Total market value
$881,726
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
46
Total area
21,572 SF
Lot
1.17 ac (51,052 SF)
APN
M2320-00-000-005C-00
UPID
US82-5391466
Jurisdiction
HIDALGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$600,000
HOTEL/MOTEL Current
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
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
46
Lot
1.17 ac
Current owner
From public records · entity-resolved
Mjpa Hospitality LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6420 S 23RD ST, MCALLEN, TX 78503-8915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
—
Mjpa Hospitality LLC
La Vista Hotels Ltd
Correction Deed
related
—
Jul 22, 2021
—
Mjpa Hositality LLC
La Vista Hotels Ltd
Venders Lien
$1,600,000 · Open Bank
Aug 26, 2020
—
Kcmp Ltd
—
Deed
related
$1,990,951 · Lone Star Nat'l Bk
Aug 24, 2020
—
La Vista Hotels Ltd
—
Deed
related
$704,512 · Lone Star Nat'l Bk
Sep 16, 2019
—
La Vista Hotels Ltd
—
Deed
related
$706,758 · Lone Star Nat'l Bk
Sep 6, 2019
—
La Vista Hotels Ltd
—
Deed
related
$706,758 · Lone Star Nat'l Bk
Apr 11, 2017
—
La Vista Hotels Ltd
—
Deed
related
$120,000 · Lone Star Nat'l Bk
Aug 16, 2016
—
La Vista Hotels Ltd
—
Deed
related
$177,421 · Lone Star National Bank
Mar 14, 2008
—
Tradecor Mcallen 5c LLC
Tradecor Mcallen LLC
Quit Claim Deed
related
—
May 4, 2005
—
La Vista Hotels Ltd
Bk Metro Land Co Ltd
Grant Deed
—
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$1,700,000 · International Bank Comm Browns
—
—
La Vista Hotels Ltd
—
Loan Modification
related
$704,512 · Lone Star Nat'l Bk
—
—
Kcmp Ltd
—
Loan Modification
related
$1,990,951 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$120,000 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$860,890 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$177,421 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$1,700,000 · International Bank Of Commerce
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$706,758 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Loan Modification
related
$706,758 · Lone Star Nat'l Bk
—
—
La Vista Hotels Ltd
—
Deed Of Trust
related
$2,420,000 · Lone Star Nat'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.
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