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Property profile & analytics
OFF-MARKET
Strip malls
6700 23rd St Mcallen, TX 78504-3848
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-8042768
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
7,125 SF
Lot
0.85 ac (36,991 SF)
Zoning code
CO
APN
R1400-02-000-0002-00
UPID
US82-8042768
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
-
Kusina Restaurant & Market Restaurant
-
Magical Flavors Bar & Pub
-
Raspa Cabana Bar & Pub
-
RockNDogz Restaurant
-
La Palapa Restaurant
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
Borba LLC · 3 yrs held
Borba LLC
since 2023
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
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
$14,104
Tax year 2022
Assessed value
$705,216
Assessed 2023
Previous assessed
$705,216
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$332,910
Assessed improvement
$372,306
Land market value
$332,910
Improvement market value
$372,306
Total market value
$705,216
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
2001
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,125 SF
Lot
0.85 ac (36,991 SF)
Zoning code
CO
APN
R1400-02-000-0002-00
UPID
US82-8042768
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
2001
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Borba LLC
Entity
Mailing address
5542 MONTEREY HWY, SAN JOSE, CA 95138-1529
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Borba LLC
—
Deed
related
$200,000 · Velocity Commercial Capital LLC
Jun 13, 2023
—
Borba LLC
Tony Borba
Intrafamily Transfer
related
—
Jun 23, 2022
—
Annette Borba
—
Deed
related
$2,000,000 · Wells Fargo Bank NA
May 1, 2007
—
Annette Borba
Ricardo Garcia Prieto
Venders Lien
$468,750 · Lehman Brothers
Oct 11, 2005
—
Ricardo G Prieto
Rojano,guillermo F JR & Patricia
Warranty Deed
$310,000 · Lone Star National Bank
—
—
Annette Borba
—
Deed Of Trust
related
$434,500 · Wells Fargo Bk
—
—
Ricardo G Prieto
—
Deed Of Trust
related
$360,000 · Laredo National Bank
—
—
Ricardo G Prieto
—
Deed Of Trust
related
$442,000 · Lone Star 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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