Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fm 107, TX

    • Apartment buildings
    • 32,462 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2022
    Value Estimations
    $2,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7299840
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details

    Year built
    2019
    Lot size
    2.08 lot acres
    Property size
    32,462 SF
    Property type
    Apartment buildings
    APN
    L1721-00-000-0020-00
    APU
    L172100000002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,410,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fm 107
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.982
    Latitude
    26.2909
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $104,568
    $508,222
    $3,034,159
    $3,542,381
    -
    $508,222
    $3,034,159
    $3,542,381

    Comparable in this City

    • Value Estimation
      $14,300,000
      131,153 SF

      Fm Rr 2222, TX

      APARTMENT HOUSE (100+ UNITS) • 131,153 SF
      7201, Fm Rr 2222, TX
      View Details
    • Value Estimation
      $700,000
      7,620 SF

      5601 Nightingale Ave

      APARTMENT HOUSE (5+ UNITS) • 7,620 SF
      5601 Nightingale Ave, Mcallen, TX
      View Details
    • Value Estimation
      $570,000
      5,952 SF

      Weslaco, TX

      APARTMENT HOUSE (5+ UNITS) • 5,952 SF
      Weslaco, TX
      View Details
    • Value Estimation
      $1,110,000
      13,406 SF

      N

      APARTMENT HOUSE (5+ UNITS) • 13,406 SF
      N, Trosper, TX
      View Details
    • Value Estimation
      $510,000
      4,031 SF

      Mooreland Dr, TX

      APARTMENT HOUSE (5+ UNITS) • 4,031 SF
      Mooreland Dr, TX
      View Details
    • Value Estimation
      $590,000
      7,056 SF

      Harrison Ave, TX

      APARTMENT HOUSE (5+ UNITS) • 7,056 SF
      Harrison Ave, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      57,261 SF

      Downtown Redevelopment Opportunity

      Two-building redevelopment opportunity in downtown San Antonio.
      601 N St St Mary's, San Antonio, TX
      View Details
    • $995,000
      9,616 SF

      Pecos Man Camp For Sale

      32-bedroom man camp with shop on 5-acre fenced lot.
      202 Rnch Rd, Pecos, TX
      View Details
    • $445,000
      4,711 SF

      Downtown Mixed-Use Opportunity

      Versatile property with office space and residential rental income.
      1014 Broadway St, Lubbock, TX
      View Details
    • $3,600,000
      11,608 SF

      New Construction Duplexes For Sale

      Fully leased, income-producing new construction duplexes with amenities.
      21210 Portsmouth Cv, Lago Vista, TX
      View Details
    • $225,000
      100,188 SF

      Cleared Lot RV Park Ready

      Cleared corner lot ready for RV park development.
      9750 I-10, Orange, TX
      View Details
    • $545,000

      Turnkey RV Park in Mentone

      Well-maintained, fully leased RV community in Mentone, Texas.
      220 Cp St, Mentone, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Mixed-Use Development Near DART Station

      Mixed-use property with retail and multifamily units near transportation.
      744 Brick Row, Dallas, TX
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space in Luxury Apartments

      Retail space available in luxury apartment building near ACC Highland.
      112 Will Davis Dr, Austin, TX
      View Details
    • Contact for pricing

      RV Park with Interstate Access

      50-space RV park with I-20 access in West Texas.
      16501 W I H 20, Odessa, TX
      View Details
    • $12 SF/Yr
      3,450 SF

      Restaurant Space Move-In Ready

      3,450 SF restaurant space in prime retail development.
      3500-3536 Fm 365, Nederland, TX
      View Details
    • $1,050 /Mo
      220 SF

      Spring Office Space For Rent

      Office space available for lease in Spring, Texas.
      21755 Fwy North, Spring, TX
      View Details
    • $30 SF/Yr
      11,950 SF

      Retail Space For Lease

      Retail spaces available for lease, ready Q2 2026.
      8256 Bailey Rd, Manvel, TX
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Fm 107, TX
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.