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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Strip malls
Griffin Pkwy, Pharr, TX 78577
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-6120868
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
11,990 SF
Lot
0.79 ac (34,404 SF)
Zoning code
CO
APN
S6458-00-000-0002-00
UPID
US82-6120868
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
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$625k
Owner & transaction history
Evergreen Ec Property Management Ll · 2 yrs held
Evergreen Ec Property Management Ll
since 2024
7 recorded transactions
Zoning & alternative use
CO · Pharr, 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 Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr 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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Current use
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$52 / 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
$27,549
Tax year 2022
Assessed value
$1,081,829
Assessed 2023
Previous assessed
$1,081,829
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$256,317
Assessed improvement
$825,512
Land market value
$256,317
Improvement market value
$825,512
Total market value
$1,081,829
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2009
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
20
Total area
11,990 SF
Lot
0.79 ac (34,404 SF)
Zoning code
CO
APN
S6458-00-000-0002-00
UPID
US82-6120868
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Pharr, TX
Zoning CO · permitted uses
CO · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
20
Lot
0.79 ac
Current owner
From public records · entity-resolved
Evergreen Ec Property Management Ll
Entity
Mailing address
7342 WILLOW CRK DR, TYLER, TX 75703-0741
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Evergreen Ec Property Management Ll
Usc Properties 5 LLC
Deed
$1,317,500 · Lone Star National Bank
Oct 14, 2016
—
Usc Properties 5 LLC
Cage I Plaza LLC
Grant Deed
$2,336,250 · Security St Bk
Oct 4, 2016
—
Cage I Plaza LLC
495 II Plaza LLC
Warranty Deed
—
Sep 9, 2015
—
495 II Plaza LLC
Elizondo,nicolas & Oneida
Warranty Deed
related
—
Jun 11, 2009
—
Oneida Elizondo
Elizondo,nicolas JR
Quit Claim Deed
related
$600,000 · Inter National Bank
—
—
Nicolas Elizondo JR.
—
Deed Of Trust
related
$750,000 · Inter National Bank
—
—
Nicolas Elizondo JR.
—
Deed Of Trust
related
$280,000 · Inter 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.
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