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

    1415 Bluebonnet Ave Edinburg, TX 78539

    Sponsored
    For Sale
    $299,000

    Residential Lot - Edinburg, TX

    Lot size:
    1.30 Acres
    Days on Market:
    287
    Last Refresh:
    Jan 28 at 12:06 am

    Property Features for 1415 Bluebonnet Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RS
    APN
    G354000000000700
    Lot size
    1.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Maggie Harris
    Maggie Harris

    RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV (956) 566-8377

    Listing agent Maggie Harris (956) 928-1155

    Listing date Apr 17, 2025

    MLS# 456974 Listing URL

    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 Lot in Edinburg, TX

    This 1.30 acre residential lot is located in Edinburg, TX, offering ample space for a custom home and outdoor living areas. The property is situated in a growing community, providing a blend of convenience and tranquility. Its location offers proximity to schools, shopping, and major highways. This lot is intended for residential use, offering possibilities for creating a private retreat or a family estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.185391
    Latitude
    26.291331

    Nearby Similar for Sale

    • $515,000
      4,234 SF

      Meticulously Maintained Fourplex Near UTRGV

      Fourplex near UTRGV with strong rental history and modern amenities.
      3420 Golden Nugget, Edinburg, TX 78541
      View Details
    • $3,990,000
      19,584 SF

      Versatile Industrial Space in Edinburg

      19,000+ sq ft industrial building on 3.75+ acres.
      101 Pennzoil Loop S, Edinburg, TX 78542
      View Details
    • $750,000
      3,966 SF

      Edinburg Multifamily Investment Opportunity

      Multifamily complex in Edinburg, TX, near UTRGV and major thoroughfares.
      2616 Fern Ave, Edinburg, TX 78541
      View Details
    • $540,000
      4,200 SF

      Edinburg Fourplex: Income-Producing Property

      Fully rented fourplex in Edinburg, offering steady income.
      1007 Clarence Ave, Edinburg, TX 78541
      View Details
    • $474,050
      3,960 SF

      Edinburg, TX Four-Plex Investment

      Cash-flowing four-unit property near UTRGV with assumable mortgage.
      408 Teague Ave, Edinburg, TX 78539
      View Details
    • $225,000
      1,856 SF

      Edinburg Duplex Near UTRGV

      Well-maintained duplex near UTRGV, ideal for investors.
      905 N 6Th Ave, Edinburg, TX 78541
      View Details
    • $260,000
      1,976 SF

      Edinburg Duplex Near UTRGV

      Recently renovated duplex near UTRGV, generating steady rental income.
      820 N 6Th Ave, Edinburg, TX 78541
      View Details
    • $499,000
      4,020 SF

      Modern Edinburg Quadruplex For Sale

      Well-maintained 4-unit property in gated community, built in 2018.
      415 Carlisle Ave, Edinburg, TX 78539
      View Details
    • $475,000
      8,375 SF

      Edinburg Multifamily Investment Opportunity

      Remodeled 10-unit apartment complex near Highway 69C/281, 100% occupied.
      7504 Us Hwy 281 Hwy, Edinburg, TX 78542
      View Details
    • New
      $379,000
      4,200 SF

      Leased Edinburg Quadruplex For Sale

      Fully leased Edinburg quadplex with immediate upside potential.
      3810 W Sarah Evans St, Edinburg, TX 78541
      View Details
    • $2,000,000
      4,084 SF

      Edinburg Industrial Facility with Residence

      10-acre commercial trucking facility with warehouse, parking, and residence.
      2302 E Ingle Rd, Edinburg, TX 78542
      View Details
    • $2,800,000
      25,000 SF

      Edinburg TX Industrial Warehouse

      25,000 SF warehouse ideal for logistics, manufacturing, distribution.
      835 W Chapin St, Edinburg, TX 78541
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.30 acre residential lot, perfect for building your dream home.
    Where is this residential land & home lot located?
    The property is located at 1415 Bluebonnet Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - 1.30 acre residential lot; - Prime location near schools, shopping, and major highways; - Ample space for a custom home
    (956) 566-8377
    Request Owner's contact information
    1415 Bluebonnet Ave Edinburg, TX 78539
    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.
    1415 Bluebonnet Ave
    Edinburg, TX 78539
    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
    1415 Bluebonnet Ave Edinburg, TX 78539
    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
    Maggie Harris
    Maggie Harris
    (956) 566-8377
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.