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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Apartment buildings
723 Tower Rd Alamo, TX 78516-3791
Individually Owned
9-yr Hold
Absentee Owner
Property ID
US82-3445549
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully rented, eight-unit apartment building located at 723 N Tower Road in Alamo, Texas, 78516. Built in 2016, this well-maintained property boasts a total of 7,812 square feet across three buildings situated on a spacious 20,498.9 square foot lot. Each of the eight units is generously sized, featuring an open layout, large bedrooms, and a sizable island in the kitchen. The spacious design creates a comfortable and home-like atmosphere, exceeding typical apartment living expectations. The property's strong occupancy rate ensures immediate cash flow for the investor. The asking price for this turnkey investment is $799,950. This property is ideally located in Alamo, Hidalgo County, Texas, offering excellent potential for both rental income and future appreciation. The property's strong tenant base and desirable features make it a compelling investment opportunity in a thriving market. This is a must-see property for any serious investor seeking a stable and profitable addition to their portfolio. The property's location in Alamo, TX provides easy access to local amenities and services.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Total area
7,812 SF
Lot
0.47 ac (20,499 SF)
Zoning code
RS
APN
S3090-00-000-0005-00
UPID
US82-3445549
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
by Request
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$695k
Owner & transaction history
Cesar G Rodriguez · 9 yrs held
Cesar G Rodriguez
since 2017
2 recorded transactions
Zoning & alternative use
RS · Alamo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+73.8%
Retail stores
$935,000
+59.2%
Medical building
$770,000
+31.4%
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 Alamo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alamo 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
RESTAURANT
$1,020,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$660,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$89 / 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
$20,384
Tax year 2022
Assessed value
$763,730
Assessed 2023
Previous assessed
$763,730
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$118,900
Assessed improvement
$644,830
Land market value
$118,900
Improvement market value
$644,830
Total market value
$763,730
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
8
Total area
7,812 SF
Lot
0.47 ac (20,499 SF)
Zoning code
RS
APN
S3090-00-000-0005-00
UPID
US82-3445549
Jurisdiction
HIDALGO
Zoning & alternative use
RS · Alamo, TX
Zoning RS · permitted uses
RS · Alamo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alamo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$585,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$935,000
MEDICAL BUILDING
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
8
Lot
0.47 ac
Current owner
From public records · entity-resolved
Cesar G Rodriguez
Individual
Mailing address
1801 SILVERADO ST, ALAMO, TX 78516-7291
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2017
—
Cesar G Rodriguez
Daniec,monica I
Grant Deed
$84,000 · Monica I Daniec
Sep 23, 2016
—
Cesar G Rodriguez
Borrego,sylvia M
Warranty Deed
—
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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