Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Sports & entertainment properties
Expressway 83, TX
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3309950
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1980
Total area
32,573 SF
Lot
4.36 ac (190,048 SF)
Zoning code
CO
APN
I2053-00-000-0001-00
UPID
US82-3309950
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Lmj Properties LLC · 4 yrs held
Lmj Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
CO · 83, 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 83 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 83 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
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$37 / 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
$34,924
Tax year 2022
Assessed value
$1,606,731
Assessed 2023
Previous assessed
$1,606,731
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$741,179
Assessed improvement
$865,552
Land market value
$741,179
Improvement market value
$865,552
Total market value
$1,606,731
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
32,573 SF
Lot
4.36 ac (190,048 SF)
Zoning code
CO
APN
I2053-00-000-0001-00
UPID
US82-3309950
Jurisdiction
HIDALGO
Zoning & alternative use
CO · 83, TX
Zoning CO · permitted uses
CO · 83, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
83. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Lmj Properties LLC
Entity
Mailing address
514 RIO GRANDE DR, MISSION, TX 78572-7476
Ownership since
2021
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
Sep 20, 2021
—
Lmj Properties LLC
Luis Miguel Jimenez Torres
Venders Lien
$768,750 · Lone Star National Bank
Jul 20, 2021
—
Luis Miguel Jimencz Torres
Vantage Bank Texas
Venders Lien
$768,750 · Lone Star National Bank
Dec 4, 2019
—
Vantage Bk Tx NA
Walsh Scott A|del Pueblo Iglesia
Trustees Deed
related
—
Jul 19, 2019
—
Iglesia Del Pueblos
—
Deed
related
$1,664,839 · Vantage Bk
Nov 19, 2018
—
Iglesia Del Pueblo
—
Deed
related
$1,764,834 · Vantage Bk Tx NA
Jun 7, 2005
—
State Of Texas
Iglesia Delpueblo
Grant Deed
—
—
—
Iglesia Del Pueblo
—
Loan Modification
related
$1,764,834 · Vantage Bk Tx NA
—
—
Del Pueblo Iglesia
—
Deed Of Trust
related
$1,900,000 · Vantage Bank Texas NA
—
—
Iglesia Del Pueblos
—
Loan Modification
related
$1,664,839 · Vantage Bk
—
—
Iglesia Delpueblo INC
—
Deed Of Trust
related
$775,000 · First National Bank
—
—
Iglesia Del Pueblo INC
—
Deed Of Trust
related
$887,759 · First 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Expressway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
