Gated Mobile Home and RV
For Sale
$3,295,000
511 E Loop 374, Palmview, TX 78572
Commercial Sale, Palmview, TX
Property Size22,354 SF
Lot Size36.24 Acres
Price / SF$147.40
Days on Market81
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
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
laundry room
walking trails
heated in-ground pool
storage for trailers and recreational vehicles
access to 9-hole golf course
Building Details
Year built
1983
Floors in Building
1
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Jun 30
Changed: Sep 14
Last Checked: Sep 18 at 12:06PM
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.
This M1-zoned mobile home and RV park occupies 36.24 acres and includes 340 full-hookup sites with 30- and 50-amp service. The gated property features a laundry room, walking trails, a heated in-ground pool, and storage for trailers and recreational vehicles. Property size is 22,354 square feet, with a 1983 year built. Listed systems include central and electric heating, electric cooling, central air, and an electric water heater.
The property is positioned along Business 83 and includes access to the 9-hole El Nino golf course. An additional 6 acres of unimproved open land is located on the west end of the property.
The property is positioned along Business 83 and includes access to the 9-hole El Nino golf course. An additional 6 acres of unimproved open land is located on the west end of the property.
Key Highlights
- 340 full‑hookup sites with 30- and 50‑amp service
- 36.24‑acre M1‑zoned mobile home and RV park
- Gated property with laundry room, walking trails, and heated in‑ground pool
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$179,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,599,660
$3.6M
Cap Rate 7%
$2,571,186
$2.6M
Cap Rate 9%
$1,999,811
$2.0M
Market Conditions
NOI Build-Up for 22,354 SF
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.
Gross rent
$370.2K $16.56/SF
− Vacancy
−$42.9K −$1.92/SF
EGI
$327.2K $14.64/SF
− OpEx
−$147.3K −$6.59/SF
NOI
$180.0K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,599,660
Cap Rate 7%
$2,571,186
Cap Rate 9%
$1,999,811
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
146
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Full-hookup sites offer 30- and 50-amp service within a gated community.
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: 340 full‑hookup sites with 30- and 50‑amp service; 36.24‑acre M1‑zoned mobile home and RV park; Gated property with laundry room, walking trails, and heated in‑ground pool
