Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    N Fm 493, TX
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N Fm 493, TX

    View on Map
    • Office buildings
    • 3,576 SF
    • 10.19 lot acres
    Off-Market
    Property ID
    US82-6608467
    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.
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for N

    Year built
    1995
    Lot size
    10.19 lot acres
    Property size
    3,576 SF
    Property type
    Office buildings
    APN
    M0150-00-045-0007-05
    APU
    M015000045000705

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $505,000
      Current use
      COMMERCIAL (GENERAL)
      $550,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $485,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $425,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fm 493
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9834
    Latitude
    26.4096
    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
    2023
    $0.00
    $122,280
    $128,986
    $251,266
    -
    $122,280
    $128,986
    $251,266

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Vis Way

      OFFICE BUILDING • 0.12 Acres
      Vis Way, Benbrook, TX
      View Details
    • Value Estimation
      $3,720,000
      27,872 SF

      1917 Bicentennial Blvd

      OFFICE BUILDING • 27,872 SF
      1917 Bicentennial Blvd, Mcallen, TX
      View Details
    • Value Estimation
      $1,040,000
      5,896 SF

      Ih 20

      OFFICE BUILDING • 5,896 SF
      Ih 20, Odessa, TX
      View Details
    • Value Estimation
      $760,000
      5,120 SF

      Grandview Ave

      OFFICE BUILDING • 5,120 SF
      Grandview Ave, Odessa, TX
      View Details
    • Value Estimation
      $1,400,000
      315,596 SF

      3300 Olympus Blvd

      OFFICE BUILDING • 315,596 SF
      3300 Olympus Blvd, Dallas, TX
      View Details
    • Value Estimation
      $575,000
      975 SF

      Fay, TX

      OFFICE BUILDING • 975 SF
      1600, Fay, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,031 SF

      Austin Office Condo: Hill Country Views

      1,031 SF Office Condo, Austin, TX. Five private offices, great natural light.
      248 Addie Roy, Austin, TX
      View Details
    • Contact for pricing
      11,700 SF

      Remodeled Office and Warehouse Space

      Remodeled office and warehouse on fenced 7-acre lot.
      1809 Hwy 114 W, Levelland, TX
      View Details
    • Contact for pricing
      16,288 SF

      Leander Office Building For Sale

      Office building with 16,288 square feet available for sale.
      9800 Fm 2243, Leander, TX
      View Details
    • $2,495,000
      9,456 SF

      Freeway Frontage Investment Opportunity

      Prime freeway frontage property suitable for corporate offices or investment.
      Houston, TX
      View Details
    • Contact for pricing
      10,921 SF

      Two-Story Office Building For Sale

      Two-story office building with Loop 410 visibility and solar panels.
      2941 Mossrock Dr, San Antonio, TX
      View Details
    • $2,900,000
      60,000 SF

      Cresson Office Building For Sale

      60,000 SF office building with conventional floor plan.
      9500 Glascock Dr, Cresson, TX
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      945 SF

      Austin Office Space - West Anderson Lane

      Prime Austin office suite, 945 SF, great location.
      1306 W Anderson, Austin, TX
      View Details
    • Contact for pricing
      35,534 SF

      Class A Office Space Available

      27-story Class A office building in the Domain.
      11420 Alterra Pkwy, Austin, TX
      View Details
    • Contact for pricing
      40,514 SF

      Two-Story Office Building Near Airport

      Two-story office building with airport views and corporate campus setting.
      3200 E Airfield Dr, Irving, TX
      View Details
    • Contact for pricing
      29,061 SF

      Plano Office Space For Lease

      Available office space in Plano, Texas with parking.
      8101 Windrose Ave, Plano, TX
      View Details
    • Contact for pricing
      1,931 SF

      North Central Austin Office Building

      11,778 SF office building with ample parking.
      8213 A Shl Crk Blvd, Austin, TX
      View Details
    • Contact for pricing
      4,900 SF

      Mansfield Office Building For Lease

      Office spaces available for lease in Mansfield, Texas.
      1380 Frontage Rd, Mansfield, 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 493, 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!