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Property profile & analytics
OFF-MARKET
Assisted living facilities
700 Jackson Ave Mcallen, TX 78501-1127
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6164337
Property summary
AI-generated overview
This exceptional investment opportunity presents a 128-unit apartment building located at 700 Jackson Ave W, McAllen, Texas, 78501. Built in 1976, this two-story multifamily property boasts a compelling 6.70% capitalization rate and presents significant value-add potential. The property is situated in a high-demand submarket of McAllen, within Hidalgo County, known for its consistent rent growth. Classic unit interiors offer substantial room for upgrades, allowing for rent premiums of up to $225 per unit. This translates to immediate upside through natural rent growth and long-term appreciation. The McAllen and Edinburg markets are historically strong, providing a stable foundation for this investment. This property is part of a larger portfolio sale, offering investors the chance to acquire scale in a booming Texas market. The property's prime location and value-add potential make it an attractive investment for those seeking strong returns and long-term growth.
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Total area
4,835 SF
Lot
0.53 ac (23,104 SF)
APN
B3055-00-000-0001-00
UPID
US82-6164337
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
-
Biltmore Assisted Living Nursing Home Retirement Community
-
Card Reading Lectura de Cartas McAllen Spiritual Center
-
Jackson Square Apartments Apartment Complex
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
Mario San Roman · 6 yrs held
Mario San Roman
since 2020
4 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
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
$8,136
Tax year 2022
Assessed value
$406,810
Assessed 2023
Previous assessed
$406,810
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$201,013
Assessed improvement
$205,797
Land market value
$201,013
Improvement market value
$205,797
Total market value
$406,810
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,835 SF
Lot
0.53 ac (23,104 SF)
APN
B3055-00-000-0001-00
UPID
US82-6164337
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
Building & site characteristics
From public records
Year built
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Mario San Roman
Individual
Mailing address
2600 W FREDDY GONZALEZ DR, EDINBURG, TX 78539-7351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
—
—
Mario San Roman
—
Deed Of Trust
related
$72,678 · Falcon Int'l Bk
—
—
Mario San Roman
—
Deed Of Trust
related
$85,000 · Falcon Int'l Bk
—
—
Mario San Roman
—
Loan Modification
related
$34,732 · Falcon International Bank
—
—
Mario S Roman
—
Deed Of Trust
related
$86,600 · Bank Of South Tx
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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