Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Edinburg Land Near Tres Lagos Title is generated by Realmo AI

    16013 Wallace Road, Edinburg, TX 78541

    View on Map
    Claim this Listing
    For Sale
    $750,000

    LAND - Edinburg, TX

    Lot size:
    11.86 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    209
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 16013 Wallace Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    B26000000F000500
    Lot size
    11.86 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3231

    We can help!

    Listing Contact
    Juan C Salas

    Listing agent Juan C Salas

    Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX

    Listing date Oct 20, 2025

    MLS# 483733 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.

    HighLights

    • Prime investment opportunity near Tres Lagos Master Plan Development.
    • 12 +/- acre tract ideal for subdividing.
    • Perfect for building a dream ranch house.
    • Less than half mile from Texas A&M University Campus at Tres Lagos.
    • Provides balance of country living with city amenities.
    • Barbed wire fencing.

    Overview

    This 11.86 +/- acre tract is located one mile away from the Tres Lagos Master Plan Development in Edinburg. The property is less than half a mile from the Texas A&M University Campus at Tres Lagos. This property is ideal for subdividing and/or building a ranch house.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.260167
    Latitude
    26.354788

    Nearby Similar for Sale

    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano Street, Edinburg, TX 78539
      View Details
    • $309,000
      4,320 SF

      Edinburg Fourplex Near UTRGV

      Four-unit property near UTRGV with modern amenities and updates.
      1410 Phoenix Street, Edinburg, TX 78541
      View Details
    • $2,700,500
      6,000 SF

      Edinburg Professional Office Space

      6,000 SF professional space in a prime medical corridor.
      2637 Cornerstone Boulevard, Edinburg, TX 78539
      View Details
    • $399,000
      3,944 SF

      Edinburg Fourplex Investment Opportunity

      Well-kept, fully leased fourplex near UTRGV with upside potential.
      613 La Mancha Drive, Edinburg, TX 78541
      View Details
    • $425,000
      4,000 SF

      Edinburg Automotive Shop on Acreage

      Turnkey automotive shop with expansion potential on 13.33 acres.
      25770 N Texan Road, Edinburg, TX 78541
      View Details
    • $380,000
      3,660 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained, fully occupied fourplex near UTRGV with strong rental income.
      2100 Aruba Drive, Edinburg, TX 78541
      View Details
    • $450,000

      Prime Commercial Development Opportunity

      Highly visible corner lot ideal for various commercial uses.
      801 W Sprague Street, Edinburg, TX 78539
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Drive, Edinburg, TX 78539
      View Details
    • $420,000
      4,500 SF

      Five-Unit Apartment Building in Edinburg

      Fully occupied five-unit apartment building with immediate income potential.
      5102 W Schunior Street, Edinburg, TX 78541
      View Details
    • $330,000

      Edinburg Land Investment Opportunity

      3.96 acres of versatile land in a growing area.
      17056 N Ware Road, Edinburg, TX 78541
      View Details
    • $445,000
      4,052 SF

      Edinburg Fourplex with No Shared Walls

      Fourplex in desirable location near DHR, restaurants, shopping, and groceries.
      2123 Western Drive, Edinburg, TX 78539
      View Details
    • $375,000
      3,920 SF

      Edinburg Fourplex: Investment Opportunity

      Centrally located fourplex in Edinburg, TX, near Expressway 83.
      1620 Norma Lane, Edinburg, TX 78539
      View Details

    FAQs

    What type of property is this?
    Land - 12-acre tract near Tres Lagos Master Plan Development.
    Where is this land located?
    The property is located at 16013 Wallace Road Edinburg, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime investment opportunity near Tres Lagos Master Plan Development.; 12 +/- acre tract ideal for subdividing.; Perfect for building a dream ranch house.
    (956) 655-1572
    We can help!
    Listing Contact
    Juan C Salas
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16013 Wallace Road, Edinburg, TX 78541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!