Remote sensing plays a crucial role in modeling surface water quality parameters (WQPs), which aids spatial and temporal variation assessment. However, existing models are often developed independently, leading to uncertainty regarding their applicability. This study focused on two primary objectives. First, it aimed to evaluate different models for chemical oxygen demand (COD), total phosphorus (TP), total nitrogen (TN), and total suspended solids (TSS) in a surface water body, the J. A. Alzate dam, in the Mexican highland region (R² ≥ 0.78 and RMSE ≤ 16.1 mg/L). The models were estimated using multivariate regressions, with a focus on identifying dilution and dragging effects in inter-annual flow rate estimations, including runoff from precipitation and municipal discharges. Second, the study sought to analyze the potential scope of application for these models in other water bodies by comparing mean WQP values. Several models exhibited similarities, with minimal differences in mean values (ranging from −9.5 to 0.57 mg/L) for TSS, TN, and TP. These findings suggest that certain water bodies may be compatible enough to warrant the exploration of joint modeling in future research endeavors. By addressing these objectives, this research contributes to a better understanding of the suitability of remote sensing-based models for characterizing surface water quality, both within specific locations and across different water bodies.