Retail Property with Three
1317 W Palma Vista Drive W Palmview, TX 78572
For Sale
$999,999
COMMERCIAL - Palmview, TX
Property Size3,655 SF
Lot Size1.20 Acres
Price / SF$273.60
Days on Market25
Property Features for 1317 W Palma Vista Drive W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Parking
- 10
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- T260000000000608
- Size
- 3,655 SF
- Lot size
- 1.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6560
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Building materials
- Adobe
- Roof type
- Composition
Listing Agency:
Top Tier Real Estate Group LLC
(956) 800-4520
Listed By:
Laura Macias
(956) 777-8833
Added: Jun 30
Last Checked: Jul 24 at 3:06AM
MLS# 447371
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.
Investment Insights
Based on property information with market context.
This for-sale retail property consists of three separate buildings that can be occupied for multiple commercial uses or configured as commercial rental units. The offering includes four lots totaling an estimated 1.2 acres, with an overall property size listed at 3,655 square feet. The zoning is CO, supporting a range of commercial retail applications as permitted by local requirements.
Located in Palmview, TX, the property is described as being directly off Expressway 83 and situated on a corner. Public remarks note nearby retailers including HEB and Walgreens, both less than a mile away. The property is also described as having multiple rentals that are currently being leased.
With three buildings on the same site, the setup may fit an operator seeking multi-space leasing or a buyer who wants the option to occupy one portion while renting others. For tenants and buyers evaluating compatibility with a retail environment, the combination of multiple structures, corner placement, and nearby consumer retail is the core consideration. Please call the agent for additional details on the current tenancy and further information regarding the buildings and layout.
Located in Palmview, TX, the property is described as being directly off Expressway 83 and situated on a corner. Public remarks note nearby retailers including HEB and Walgreens, both less than a mile away. The property is also described as having multiple rentals that are currently being leased.
With three buildings on the same site, the setup may fit an operator seeking multi-space leasing or a buyer who wants the option to occupy one portion while renting others. For tenants and buyers evaluating compatibility with a retail environment, the combination of multiple structures, corner placement, and nearby consumer retail is the core consideration. Please call the agent for additional details on the current tenancy and further information regarding the buildings and layout.
Key Highlights
- Three separate buildings on four lots totaling an estimated 1.2 acres, providing multiple on‑site occupancy or rental options
- Prime commercial corner directly off Expressway 83 in the heart of Palmview
- Near local HEB and Walgreens, less than a mile away
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $20.52 |
| − Vacancy | −$4.5k | −$1.23 |
| EGI | $70.5k | $19.29 |
| − OpEx | −$21.2k | −$5.79 |
| NOI | $49.4k | $13.50 |
3,655 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$705.0K
$616.9K – $822.5K
NOI $49,350 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.75M
$2.41M – $3.21M
NOI $192,710 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - For-sale retail complex with three separate buildings across four lots for flexible tenant or user setups.
Where is this retail space located?
The property is located at 1317 W Palma Vista Drive W Palmview, TX.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three separate buildings on four lots totaling an estimated 1.2 acres, providing multiple on‑site occupancy or rental options; Prime commercial corner directly off Expressway 83 in the heart of Palmview; Near local HEB and Walgreens, less than a mile away
