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    Property profile & analytics

    Fm 491, TX

    • Warehouses
    • 2,500 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    5.6%
    Warehouses
    Location Intelligence
    Property ID
    US82-8755356
    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

    • Warehouses

    Property Details

    Year built
    2003
    Lot size
    5.00 lot acres
    Property size
    2,500 SF
    Property type
    Warehouses
    APN
    N3400-00-000-2156-02
    APU
    N340000000215602

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $230,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $200,000
      Current use
      COMMERCIAL (GENERAL)
      $385,000
      Change: +91% Conversion: Difficult
      OFFICE BUILDING
      $355,000
      Change: +76% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $340,000
      Change: +69% Conversion: Easy
      RETAIL STORES
      $295,000
      Change: +48% Conversion: Moderate
      MEDICAL BUILDING
      $245,000
      Change: +23% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $195,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fm 491
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9138
    Latitude
    26.2737
    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
    $2,685
    $50,000
    $62,544
    $112,544
    -
    $50,000
    $62,544
    $112,544

    Comparable in this City

    • Value Estimation
      $250,000
      0.14 Acres

      2618 Pioneer Pkwy

      WAREHOUSE, STORAGE • 0.14 Acres
      2618 Pioneer Pkwy, Arlington, TX
      View Details
    • Value Estimation
      $260,000
      0.84 Acres

      3525 Liston Ln

      WAREHOUSE, STORAGE • 0.84 Acres
      3525 Liston Ln, Fort Worth, TX
      View Details
    • Value Estimation
      $1,560,000
      88,970 SF

      Mcallen, TX

      WAREHOUSE, STORAGE • 88,970 SF
      Mcallen, TX
      View Details
    • Value Estimation
      $345,000
      16,440 SF

      Lubbock, TX

      WAREHOUSE, STORAGE • 16,440 SF
      Lubbock, TX
      View Details
    • Value Estimation
      $240,000
      952 SF

      11724 Hicks Avondale School Rd

      WAREHOUSE, STORAGE • 952 SF
      11724 Hicks Avondale School Rd, Fort Worth, TX
      View Details
    • Value Estimation
      $1,010,000
      112,775 SF

      10520 Hurst Blvd

      MINI-WAREHOUSE, STORAGE • 112,775 SF
      10520 Hurst Blvd, Fort Worth, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      102,060 SF

      Hutto Class A Industrial Building

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      200 SF

      Pleasanton Warehouse with Water Tank

      200 SF warehouse featuring a water tank and bay door.
      586 Co Rd, Pleasanton, TX
      View Details
    • $355,000
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      New Warehouse/Shop Near Downtown

      Newly constructed warehouse/shop with office space near downtown San Angelo.
      301 Mlk, San Angelo, TX
      View Details
    • $800,000
      3,315 SF

      Warehouse with Fenced Lot

      Warehouse with finished, fenced two-acre lot suitable for trucking.
      14621 Punta Pl, Clint, TX
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      20,147 SF

      New Boston Warehouse For Sale

      20,147 sqft warehouse on approximately 3 acres.
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      View Details
    • $890,000

      Versatile Commercial Property Near Sinton

      2,400 sq ft office, shop/warehouse on 5+ acres.
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    Similar Nearby for Lease

    • Contact for pricing
      14,400 SF

      Sublease Opportunity: 14,400 SF Warehouse

      14,400 SF warehouse space available for sublease in San Antonio.
      1107 Frost Bank Ctr Dr, San Antonio, TX
      View Details
    • Contact for pricing
      2,400 SF

      Warehouse Space Near Alvarado

      2400 sq ft warehouse space available for lease.
      4552-4568 J D Mouser Pkwy, Alvarado, TX
      View Details
    • Contact for pricing
      6,555 SF

      Industrial Space Near DFW Airport

      Industrial property with fenced truck court, near major highways.
      801-831 S Great Pkwy SW, Grand Prairie, TX
      View Details
    • Contact for pricing
      46,689 SF

      Warehouse Space with Loop 410 Access

      46,689 SF warehouse with direct highway access for lease.
      8562 NE Interstate 410 Loop, San Antonio, TX
      View Details
    • Contact for pricing
      288,770 SF

      Northlake Warehouse Space Available

      288,770 SF warehouse with 36' clear height for lease.
      12301 Harmonson Rd, Northlake, TX
      View Details
    • $12 SF/Yr
      5,200 SF

      Industrial Warehouse Space Available

      5,200 SF warehouse space for lease in San Antonio.
      4415 Dividend Dr, San Antonio, TX
      View Details
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    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
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