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    For Sale (10)

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    Residential Lot in Mission, Texas
    $45,000
    0.11 Acres

    Residential Lot in Mission, Texas

    Residential lot in 55+ community, perfect for building a home.

    1309 Tropical Dr, Mission, TX 78572
    View details
    Harlingen Warehouse on Fenced Lot
    $395,000
    5,000 SF

    Harlingen Warehouse on Fenced Lot

    5-acre lot with 5000 sqft warehouse, utilities, and more.

    28255 S Altas Palmas Rd, Harlingen, TX 78522
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    Residential Lot in Harlingen, TX
    $45,000
    0.14 Acres

    Residential Lot in Harlingen, TX

    Residential lot with partial fencing in established neighborhood.

    Lamb Ave, Harlingen, TX 78550
    View details
    22 Acres Irrigated Land
    $730,000
    22.00 Acres

    22 Acres Irrigated Land

    22 acres of irrigated land perfect for farming and ranching.

    Alaska Rd, Brownsville, TX 78520
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    Land in Harlingen 55+ Community
    $49,000
    0.11 Acres

    Land in Harlingen 55+ Community

    Land for sale in a 55+ community in Harlingen, TX.

    000 Fairway Ln, Harlingen, TX 78552
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    Harlingen Land For Sale
    $49,000
    0.11 Acres

    Harlingen Land For Sale

    Land available in a 55+ active adult community.

    000 Fairway Ln, Harlingen, TX 78552
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    Land in 55+ Community
    $49,000
    0.11 Acres

    Land in 55+ Community

    Land for sale in Harlingen, Texas, 55 and older community.

    000 Fairway Ln, Harlingen, TX 78552
    View details
    Brownsville Tri-Plex with Solid Rental History
    $169,000
    2,400 SF

    Brownsville Tri-Plex with Solid Rental History

    Tri-Plex in Brownsville with solid rental history and ROI/NOI.

    1070 Raul A Cavazos, Brownsville, TX 78520
    View details
    Downtown Brownsville Commercial Space
    $225,000
    1,412 SF

    Downtown Brownsville Commercial Space

    1412 sq ft commercial space in revitalized downtown Brownsville.

    553 E 12Th St, Brownsville, TX 78520
    View details
    Residential and Agricultural Land Available
    $180,000
    3.34 Acres

    Residential and Agricultural Land Available

    Two tracts of land, residential and agricultural, totaling 3.34 acres.

    Gastin Dr, Brownsville, TX 78520
    View details

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    Grove Realty Team, LLC
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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
    Grove Realty Team, LLC
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