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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6500 23rd St Mcallen, TX 78504-3841
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-4135928
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1980
Total area
1,550 SF
Lot
1.55 ac (67,527 SF)
Zoning code
RS
APN
S7860-00-001-0000-00
UPID
US82-4135928
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
-
Sunny Produce & Brokerage LLC Agricultural Supply Food Market
-
Del Conde Manufacturing Industrial Manufacturer Production Facility
-
Bananera Muchachita LLC Food Market Specialty Food Shop
-
Watermill Express Big Box & Wholesale Store
-
FVD PRODUCE LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
San Rey Properties LLC · 2 yrs held
San Rey Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
RS · 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
—
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
$14,217
Tax year 2022
Assessed value
$710,826
Assessed 2023
Previous assessed
$710,826
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$607,725
Assessed improvement
$103,101
Land market value
$607,725
Improvement market value
$103,101
Total market value
$710,826
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,550 SF
Lot
1.55 ac (67,527 SF)
Zoning code
RS
APN
S7860-00-001-0000-00
UPID
US82-4135928
Jurisdiction
HIDALGO
Zoning & alternative use
RS · Mcallen, TX
Zoning RS · permitted uses
RS · 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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
San Rey Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1005 N 40TH ST, MCALLEN, TX 78501-3390
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
—
San Rey Properties LLC
San Rey Produce INC
Warranty Deed
—
Aug 1, 2022
—
La Chub Foods Rgv LLC
Camecuaro LLC
Venders Lien
$562,500 · Rio Bank
Jun 25, 2021
—
Jorge Alberto Martinez Lomas
La Bodeguita LLC
Warranty Deed
—
Jan 14, 2021
—
Urecha LLC
—
Deed
related
$200,000 · Mcallen South Fin'l Str
Feb 6, 2020
—
Rmm Properties LLC
Abasto Corp
Deed
$875,000 · Golden Bank NA
Oct 29, 2019
—
Mejamas Ropa Usada INC
—
Deed
related
$90,954 · Bank Of South Tx
Apr 23, 2019
—
El Rosario Produce LLP
—
Deed
related
$750,000 · Wells Fargo Bank NA
Sep 27, 2016
—
Mejamas Ropa Usada INC
—
Deed
related
$142,209 · Bank Of South Tx
Oct 13, 2006
—
Carlos Cepeda
Jl Barth
Grant Deed
$480,000 · Texas State Bank Mcallen
Feb 2, 2006
—
J & E Oil INC
—
Trustees Deed
related
$8,100,000 · Texas State Bank
Sep 13, 2005
—
J & E Oil INC
—
Trustees Deed
related
$8,100,000 · Texas State Bank
Jul 1, 2005
—
J & E Oil INC
—
Trustees Deed
related
$8,100,000 · Texas State Bank
Mar 22, 2005
—
Jl Barth Co
J & E Oil INC
Warranty Deed
related
—
Dec 13, 2004
—
J & E Oil INC
—
Trustees Deed
related
$7,299,157 · Texas State Bank
Aug 13, 2004
—
J & E Oil INC
—
Trustees Deed
related
$100,000 · Texas State Bank
—
—
Carlos Cepeda
—
Deed Of Trust
related
—
—
—
Carlos Cepeda
—
Loan Modification
related
—
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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