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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Showrooms
701 Us Hwy 83 Mcallen, TX 78501-8833
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-2754921
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Total area
31,682 SF
Lot
2.51 ac (109,375 SF)
Zoning code
CO
APN
V1535-00-000-0001-00
UPID
US82-2754921
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.35M
Owner & transaction history
Believe Investments LLC · 3 yrs held
Believe Investments LLC
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$42 / 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
$25,778
Tax year 2022
Assessed value
$1,288,924
Assessed 2023
Previous assessed
$1,288,924
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$481,241
Assessed improvement
$807,683
Land market value
$481,241
Improvement market value
$807,683
Total market value
$1,288,924
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
31,682 SF
Lot
2.51 ac (109,375 SF)
Zoning code
CO
APN
V1535-00-000-0001-00
UPID
US82-2754921
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
1974
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
2.51 ac
Current owner
From public records · entity-resolved
Believe Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
304 ASHLEY CT, PHARR, TX 78577-6907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
—
Believe Investments LLC
Jose Francisco Serna JR
Warranty Deed
—
Mar 29, 2019
—
Aaron Serna
Serna,aaaron
Quit Claim Deed
related
$192,480 · Rio Bk
Nov 2, 2016
—
Toms 10th Street LLC
Clark-knapp Motor Co Lc
Quitclaim Deed
related
—
Aug 23, 2016
—
Toms 10th Street LLC
Clark-knapp Properties Ltd
Quitclaim Deed
related
—
Aug 22, 2016
—
Toms 10th Street LLC
Knapp A S Family Trust
Grant Deed
$1,120,000 · Frost Bk
Oct 4, 2013
—
Jose F Serna JR.
Macias Investments LLC
Trustees Deed
related
—
Sep 22, 2009
—
Jose F Serna JR.
Macias Investments LLC
Deed In Lieu Of Foreclosure
—
Dec 22, 2008
—
Macias Investments LLC
Serna,jose F
Grant Deed
$2,000,000 · Jose F Serna
Jul 15, 2008
—
Furniture Depot Center
—
Trustees Deed
related
$245,000 · Texas State Bank
—
—
Serna,marco A & Aaron
—
Deed Of Trust
related
$150,000 · Rio Bk
—
—
Furniture Depot Center
—
Deed Of Trust
related
$800,000 · Texas State 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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