Palmview, TX Investor
For Sale
$3,295,000
511 E Loop 374, Palmview, TX 78572
COMMERCIAL - Palmview, TX
Property Size22,354 SF
Lot Size36.24 Acres
Price / SF$147.40
Days on Market36
Property Features for 511 E Loop 374
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Appliances
Electric Water Heater
Subdivision
Del Monte
Directions
From Highway 83 exit on Inspiration Rd, turn left on Business 83, turn left on La Entrda.
Standard status
Active
APN
D280000002000300
Size
22,354 SF
Lot size
36.24 Acres
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
22046
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1983
Floors in Building
1
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jun 30
Last Checked: Aug 4 at 7:06AM
MLS# 372791
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.
An investor opportunity is available in Palmview, Texas. This securely gated community is advantageously positioned along Business 83 and is just minutes away from retails and shops. The property consists of 340 full hook-up sites with 30 and 50 amp service. Amenities include a laundry room, walking trails, and a heated in-ground pool. Storage is available for trailers and recreational vehicles. Executive access to the 9-hole golf course El Nino is included. The property also features 6 acres of unimproved open land on the west end for additional expansion. The property is zoned M1. The lot size is 36.24 acres and the property size is 22,354 square feet.
Key Highlights
- Investor opportunity in a securely gated community in Mission along Business 83
- 340 full hook‑up RV sites with 30- and 50‑amp service
- Amenities include a laundry room, walking trails, and a heated in‑ground pool
Financial Insights For Apartment 5plus
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 | $370.2k | $16.56 |
| − Vacancy | −$42.9k | −$1.92 |
| EGI | $327.2k | $14.64 |
| − OpEx | −$147.3k | −$6.59 |
| NOI | $180.0k | $8.05 |
22,354 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.57M
$2.25M – $3.00M
NOI $179,983 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$16.84M
$14.73M – $19.64M
NOI $1,178,615 @ 7.0% cap · market cap 35.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Gated community with 340 full hook-up sites and amenities.
Where is this mobile home & rv park located?
The property is located at 511 E Loop 374 Palmview, TX.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Investor opportunity in a securely gated community in Mission along Business 83; 340 full hook‑up RV sites with 30- and 50‑amp service; Amenities include a laundry room, walking trails, and a heated in‑ground pool
