Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1005 S Nebraska Ave Weslaco, TX 78596

    Sponsored
    For Sale
    $69,000

    LAND - Weslaco, TX

    Lot size:
    0.16 Acres
    Days on Market:
    83
    Last Refresh:
    Feb 25 at 7:06 am

    Property Features for 1005 S Nebraska Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R
    APN
    H285000002002200
    Fencing
    Chain Link
    Lot size
    0.16 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Cecilia Gonzales
    Cecilia Gonzales

    RE/MAX elite (956) 330-3674

    Listing agent Cecilia Gonzales (956) 854-1444

    Listing date Dec 5, 2025

    MLS# 488479

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Weslaco, TX

    Located near Texas Blvd in Weslaco, this 0.1633-acre lot presents an opportunity for residential development. The property is zoned R and suitable for building a starter home or multi-unit dwelling, subject to city approval. Owner financing is available. The property is not located in a flood zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.992281
    Latitude
    26.149486

    Nearby Similar for Sale

    • $900,000
      3,100 SF

      Turnkey Restaurant & Entertainment Space

      3,100 SF restaurant ready for immediate operation in Weslaco, TX.
      1015 S International Blvd, Weslaco, TX 78596
      View Details
    • $727,000
      5,243 SF

      Medical Building Near Knapp Medical

      Medical building next to Knapp Medical Center in Weslaco, TX.
      1412 E 8Th St, Weslaco, TX 78596
      View Details
    • $478,000
      3,900 SF

      New Fourplex in Gated Subdivision

      Recently built fourplex in Weslaco with modern amenities and strong income.
      1312 Lore Dr, Weslaco, TX 78599
      View Details
    • $469,999
      4,080 SF

      New Weslaco Fourplex Investment Opportunity

      New construction fourplex in gated community near entertainment and shopping.
      700 Oriole Rd, Weslaco, TX 78596
      View Details
    • New
      $249,000
      1,864 SF

      Weslaco Commercial Opportunity For Sale

      Commercial property in high-traffic area, ideal for various businesses.
      403 Pike Blvd, Weslaco, TX 78596
      View Details
    • $478,000
      3,990 SF

      New Fourplex in Gated Subdivision

      Recently built fourplex in Weslaco with steady rental demand.
      1303 Marcela Dr, Weslaco, TX 78599
      View Details
    • $460,000
      3,900 SF

      New Fourplex in Gated Subdivision

      Recently built fourplex in Weslaco, TX with modern amenities.
      1403 Marcela Dr, Weslaco, TX 78599
      View Details
    • $499,000
      4,226 SF

      New Fourplex in Gated Community

      New fourplex in Weslaco's Rio Meadows, a turnkey investment.
      3121 Briggs St, Weslaco, TX 78596
      View Details
    • $470,000
      3,900 SF

      New Fourplex in Gated Subdivision

      Recently built fourplex in Weslaco with strong rental appeal.
      1404 Lore Dr, Weslaco, TX 78599
      View Details
    • New
      $489,000
      3,950 SF

      Weslaco Fourplex Investment Opportunity

      Well-maintained fourplex in Weslaco, TX with strong rental appeal.
      1631 Playa Dr, Weslaco, TX 78596
      View Details
    • $485,000
      4,200 SF

      Modern Fourplex Investment Opportunity

      Four-unit property in Weslaco, TX, fully leased and near amenities.
      1626 Playa Dr, Weslaco, TX 78596
      View Details
    • $479,000
      4,200 SF

      New Fourplexes in Weslaco, TX

      Modern fourplexes with immediate income potential in a growing area.
      2714 Primrose Dr, Weslaco, TX 78596
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ideal location to build a home or multi-unit property.
    Where is this residential land & home lot located?
    The property is located at 1005 S Nebraska Ave Weslaco, TX.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: - Ideal location near Texas Blvd in Weslaco.; - Generous 0.16 acre lot.; - Owner financing available.
    (956) 330-3674
    Request Owner's contact information
    1005 S Nebraska Ave Weslaco, TX 78596
    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.
    1005 S Nebraska Ave
    Weslaco, TX 78596
    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
    1005 S Nebraska Ave Weslaco, TX 78596
    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

    We can help!
    Listing Contact
    Cecilia Gonzales
    Cecilia Gonzales
    Real Estate License ID: 767526
    (956) 330-3674 (956) 583-2100 (956) 854-1444
    Learn more
    Google sign-in failed. Please try again or use another login method.