Add Listing
    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

    NE FM 1015 Highway Monte Alto, TX 78538

    View on Map
    Picture of Agricultural land / Farmland at NE FM 1015 Highway, Monte Alto, TX
    For Sale
    $475,000

    LAND - Monte Alto, TX

    Lot size:
    10.00 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for NE FM 1015 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    M015000063001605
    Lot size
    10.00 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    168535

    We can help!

    Listing Contact
    Jose Angel Ramirez

    Listing agent Jose Angel Ramirez

    Listing office Encore Fine Properties 817 N Ware Road, McAllen, TX

    Listing date Jan 12, 2026

    MLS# 491171

    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.

    Overview

    Corner Lot in Monte Alto

    This 10-acre corner lot is located at the intersection of FM 1015 and Mile 21 in Monte Alto, Texas. Zoned R, the property is suitable for residential or ranch land use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Monte Alto
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.940262
    Latitude
    26.351277

    Nearby Similar for Sale

    • $325,000
      18,500 SF

      Versatile Commercial Property in Monte Alto

      Adaptable 3.2-acre property with office, shop, and ample parking.
      25286 1st Street, Monte Alto, TX 78538
      View Details
    • $110,000

      Land in Peaceful Country Setting

      Cleared, fenced land with water access in Monte Alto, TX.
      24710 Sunflower Road, Monte Alto, TX 78538
      View Details
    • $95,000

      Edcouch Land For Sale

      Undeveloped land with commercial/development potential in Edcouch, Texas.
      8655 Mile 17 1/2 N, Edcouch, TX 78538
      View Details
    • $150,000

      Five Acre Monte Alto Land

      Five acre property ideal for farming or ranchette.
      26315 Jesus Flores Road, Monte Alto, TX 78538
      View Details
    • $549,000

      Residential Land in Monte Alto, TX

      14.63 acres suitable for residential or agricultural use.
      26845 Jesus Flores Street, Monte Alto, TX 78538
      View Details
    • $69,900

      Residential Land in Monte Alto

      0.55 acre residential land available in Monte Alto, Texas.
      Grapefruit Drive, Monte Alto, TX 78538
      View Details
    • $1,000,000
      2,400 SF

      Established Convenience Store Investment Opportunity

      Thriving convenience store with strong sales and growth potential.
      24058 N Fm 88 # 88, Monte Alto, TX 78538
      View Details
    • $218,000

      Spacious Land in Monte Alto, TX

      4+ acre lot, ideal for custom dream home.
      22739 Norene Drive, Monte Alto, TX 78538
      View Details
    • $325,000
      18,500 SF

      Versatile Commercial Property in Monte Alto

      Adaptable 3.2+ acre property with updated office and shop.
      25286 1st Street, Monte Alto, TX 78538
      View Details
    • $125,000

      Metal Warehouse on .48 Acres

      Metal warehouse with canopy on approximately .48 acre lot.
      13033 10th St, Monte Alto, TX
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10 acre corner lot suitable for residential or ranch use.
    Where is this agricultural land / farmland located?
    The property is located at NE FM 1015 Highway Monte Alto, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 10 acre lot, perfect for your dream home or ranch.; Corner lot offering multiple access points.; Located on FM 1015 and Mile 21.
    (956) 225-9554
    We can help!
    Listing Contact
    Jose Angel Ramirez
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!