Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N Fm 491, TX

    • Warehouses
    • 4,436 SF
    • 26.93 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8088249
    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 for N

    Year built
    2000
    Lot size
    26.93 lot acres
    Property size
    4,436 SF
    Property type
    Warehouses
    APN
    T8250-00-103-0016-00
    APU
    T825000103001600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fm 491
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.8956
    Latitude
    26.3762
    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
    $2,569
    $162,927
    $110,863
    $273,790
    -
    $162,927
    $110,863
    $273,790

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      5915 Hwy 62-82

      WAREHOUSE, STORAGE • 1,120 SF
      5915 Hwy 62-82, Lubbock, TX
      View Details
    • Value Estimation
      $1,100,000
      12,544 SF

      Mcallen, TX

      WAREHOUSE, STORAGE • 12,544 SF
      Mcallen, TX
      View Details
    • Value Estimation by Request
      3,600 SF

      Highway

      WAREHOUSE, STORAGE • 3,600 SF
      Highway, 271, TX
      View Details
    • Value Estimation by Request
      800 SF

      N

      WAREHOUSE, STORAGE • 800 SF
      N, Puerto Rico Rd, TX
      View Details
    • Value Estimation by Request
      1,520 SF

      N

      WAREHOUSE, STORAGE • 1,520 SF
      N, International Blvd, TX
      View Details
    • Value Estimation by Request
      3,000 SF

      Bentsen Rd, TX

      WAREHOUSE, STORAGE • 3,000 SF
      Bentsen Rd, TX
      View Details

    Similar Nearby for Sale

    • $395,000
      1,170 SF

      Round Rock Warehouse - End Unit

      1,170 SF warehouse, prime location, high ceilings.
      2100 Double Creek Dr, Round Rock, TX
      View Details
    • $2,288,000
      20,800 SF

      New Construction Office/Warehouse Units

      Office/warehouse units in West Lubbock's growing commercial corridor.
      3809 County Rd 1360, Lubbock, TX
      View Details
    • $699,000
      24,061 SF

      Versatile Flex Facility in Winfield, TX

      37,821 SF flex facility on 4.74 acres for sale.
      214 N School St, Winfield, TX
      View Details
    • Contact for pricing
      10,400 SF

      Tomball Warehouse with Crane Capability

      Tilt wall construction warehouse with crane and storage yard.
      23110 Tomball Pkwy, Tomball, TX
      View Details
    • Contact for pricing
      42,646 SF

      Industrial Land and Warehouse Space

      Industrial property featuring warehouse space and acreage in Hooks, Texas.
      480-490 Oak St, Hooks, TX
      View Details
    • Contact for pricing
      36,000 SF

      Mustang Ridge Warehouse Opportunity

      36,000 SF warehouse/industrial property in Mustang Ridge, Texas.
      275 Threshing Rd, Mustang Ridge, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,150 SF

      Versatile Warehouse Space Available

      22,500 SF warehouse space for lease, divisible.
      548 Elm Cir, Hooks, TX
      View Details
    • Contact for pricing
      11,500 SF

      Industrial Warehouse Space in Hooks, TX

      11,500 sq ft warehouse space available for rent.
      10 Cherry St, Hooks, TX
      View Details
    • Contact for pricing
      400,565 SF

      New Construction Near AllianceTexas

      New construction warehouse/distribution space near AllianceTexas, divisible to suit.
      405 Westport Pkwy, Haslet, TX
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Flex Space Available

      Industrial and flex space for lease, 2,000-12,000 square feet.
      4201 Glenview Dr, Haltom City, TX
      View Details
    • Contact for pricing
      308,505 SF

      Tomball Warehouse with Grand Parkway Access

      308,505 SF warehouse with cross-dock and highway access.
      Interchange Dr, Tomball, TX
      View Details
    • Contact for pricing
      711,000 SF

      Northeast Houston Logistics Center

      Class A distribution and warehouse space available for lease.
      US-90 Frontage, Houston, 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.
    N
    Fm 491, 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.
    Sign Up Successful!
    You now have access to more from Realmo!