28255 S ALTAS PALMAS RD, Harlingen, TX 78522
- Added:
- Jan 31, 2025
- Days on Market:
- 512
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 28255 S ALTAS PALMAS RD
General Information
- Property type
- Land
- Property subtype
- Other
- Fencing
- Privacy
- Standard status
- Pending
- Size
- 5,000 SF
- Lot size
- 5.00 Acres
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Water source
- Well
Listing agent Chris Gonzalez License #0714282 (956) 545-3002
Listing office GRT Realty 7280 N Frontage Rd, Brownsville, TX (956) 254-0869
Listing date Jan 31, 2025
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1.5‑acre fully fenced lot ideal for business, private estate, or development.
- Massive 5000 sqft fully insulated warehouse with electricity and multiple garage doors.
- Utilities in place: water, electricity, and new, unused septic system.
- Convenient features: carport and storage shed.
- Newly installed privacy fence at the rear of the property.
- Easy access to major roads and city amenities off Altas Palmas Rd.
Overview
The site is located in Harlingen off Altas Palmas Rd, with easy access to major roads and city amenities. Utilities are already in place, including water and electricity. A brand-new septic system was installed two years ago but has never been used.
For operators and owners seeking on-site storage and work space, the insulated warehouse and oversized door configuration can support a range of business operations. The enclosed, fenced yard and added outbuildings also make the property workable for vehicle or equipment staging, or for buyers planning a private estate or multi-use development where utility availability matters.
Local Financial Insights For Warehouse
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 | $35.4k | $7.08 |
| − Vacancy | −$2.0k | −$0.40 |
| EGI | $33.4k | $6.68 |
| − OpEx | −$5.0k | −$1.00 |
| NOI | $28.4k | $5.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.765767
- Latitude
- 26.149147
