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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Refrigerated & Cold Storage
700 Brg St Hidalgo, TX 78557-2923
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-2321401
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1990
Total area
39,500 SF
Lot
5.57 ac (242,769 SF)
Zoning code
CG
APN
P6980-00-000-000A-00
UPID
US82-2321401
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
-
Phillip Garcia Customs Broker Customs Broker
-
Quality Cultivators Ltd Agricultural Service
-
Coco Rico Produce Food Market Specialty Food Shop
-
Welcome to the City of Hidalgo Texas - Mural Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.20M
Owner & transaction history
Felipe Garcia · 17 yrs held
Felipe Garcia
since 2009
6 recorded transactions
Zoning & alternative use
CG · Hidalgo, 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 Hidalgo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hidalgo 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
$1,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,540,000
Current use
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$30 / 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
$17,513
Tax year 2022
Assessed value
$704,134
Assessed 2023
Previous assessed
$704,134
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$636,428
Assessed improvement
$67,706
Land market value
$636,428
Improvement market value
$67,706
Total market value
$704,134
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
13
Total area
39,500 SF
Lot
5.57 ac (242,769 SF)
Zoning code
CG
APN
P6980-00-000-000A-00
UPID
US82-2321401
Jurisdiction
HIDALGO
Zoning & alternative use
CG · Hidalgo, TX
Zoning CG · permitted uses
CG · Hidalgo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hidalgo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
WAREHOUSE, STORAGE 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
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
13
Lot
5.57 ac
Current owner
From public records · entity-resolved
Felipe Garcia
Individual
Mailing address
PO BOX 356, HIDALGO, TX 78557-0356
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
—
Felipe Garcia
—
Deed
related
$947,000 · International Bk/commerce
Jun 30, 2009
—
Felipe Garcia
Garcia Pedro Trust
Quit Claim Deed
related
$690,000 · International Bk/commerce
—
—
Felipe Garcia
—
Deed Of Trust
related
$947,000 · International Bk/commerce
—
—
Felipe Garcia
—
Loan Modification
related
$947,000 · International Bk/commerce
—
—
Garcia,felipe & Lucrecia N
—
Loan Modification
related
$590,527 · International Bk/commerce
—
—
Felipe Garcia
—
Loan Modification
related
$690,000 · International Bk/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.
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