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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N Conway, TX

    • Strip malls
    • 12,576 SF
    • 2.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7905193
    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

    • Strip malls

    Property Details for N

    Year built
    2018
    Lot size
    2.93 lot acres
    Property size
    12,576 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    J1845-00-000-0001-00
    APU
    J184500000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Current use
      OFFICE BUILDING
      $2,375,000
      Change: +116% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,935,000
      Change: +76% Conversion: Easy
      RETAIL STORES
      $1,820,000
      Change: +66% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,715,000
      Change: +56% Conversion: Difficult
      RESTAURANT
      $1,555,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $1,245,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,055,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3225
    Latitude
    26.2415
    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
    $32,130
    $447,165
    $814,552
    $1,261,717
    -
    $447,165
    $814,552
    $1,261,717

    Comparable in this City

    • Value Estimation
      $4,875,000
      37,242 SF

      100 Quamasiaste Ave, Unit 400

      SHOPPING CENTER, STRIP CENTER • 37,242 SF
      100 Quamasiaste Ave, Mcallen, TX
      View Details
    • Value Estimation
      $1,100,000
      6,320 SF

      Military Rd, TX

      SHOPPING CENTER, STRIP CENTER • 6,320 SF
      Military Rd, TX
      View Details
    • Value Estimation
      $5,475,000
      42,697 SF

      E

      SHOPPING CENTER, STRIP CENTER • 42,697 SF
      E, Duranta Ave, TX
      View Details
    • Value Estimation
      $2,850,000
      22,000 SF

      Griffin Parkway

      SHOPPING CENTER, STRIP CENTER • 22,000 SF
      Griffin Parkway, Ave, TX
      View Details
    • Value Estimation
      $1,215,000
      7,502 SF

      2412 Avondale Haslet Rd

      SHOPPING CENTER, STRIP CENTER • 7,502 SF
      2412 Avondale Haslet Rd, Fort Worth, TX
      View Details
    • Value Estimation
      $1,645,000
      10,560 SF

      12737 Ss Fwy

      SHOPPING CENTER, STRIP CENTER • 10,560 SF
      12737 Ss Fwy, Fort Worth, TX
      View Details

    Similar Nearby for Sale

    • $9,030,000
      15,485 SF

      New Retail Strip with Drive-Thrus

      Class A multi-tenant retail strip center with long-term leases.
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      View Details
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      11,351 SF multi-tenant retail center in Forney, Texas.
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    • $4,545,623
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      East Dallas Redevelopment Opportunity

      Neighborhood shopping center in dense East Dallas market.
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      2,500 SF

      Retail Space in Prosper, Texas

      Retail spaces available in rapidly growing Prosper, Texas.
      W Frontier Pkwy & Preston Rd S, Prosper, TX
      View Details
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      Bushland Shopping Center Investment Opportunity

      Value-add shopping center with significant income growth potential.
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    • Contact for pricing
      23,093 SF

      Fully Leased Retail Center

      Fully leased retail center in the thriving Spring Branch market.
      286 Singing Oaks, Spring Branch, TX
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    Similar Nearby for Lease

    • Contact for pricing
      35,000 SF

      Retail Space in High-Growth Corridor

      Premier retail development with modern spaces in Fort Bend County.
      3420 Farm To Market Rd, Rosenberg, TX
      View Details
    • $32 SF/Yr
      9,760 SF

      Retail Space in Energy Corridor

      Retail space available in Houston's Energy Corridor.
      18006 Park Row Dr, Houston, TX
      View Details
    • Contact for pricing
      1,820 SF

      Prime Retail Space on US-281

      High-visibility retail space with drive-thru opportunities on US-281.
      21114 Us-281, San Antonio, TX
      View Details
    • $20 SF/Yr
      960 SF

      San Antonio Retail Strip Center

      10,440 SF retail strip center in San Antonio, TX.
      501-511 St, San Antonio, TX
      View Details
    • Contact for pricing
      6,538 SF

      Prime Retail Space on SH-121

      High-visibility retail space in central DFW with strong co-tenants.
      475 Sh 121, Irving, TX
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Stone Oak

      Retail space available in a busy San Antonio power center.
      22602 U.S Hwy 281 N, San Antonio, TX
      View Details
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    Conway, TX
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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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