Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Citrus Orchard Land For Sale Title is generated by Realmo AI

    000 Iowa Road, Mission, TX 78504

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    11.43 acres of fenced citrus orchards on Iowa Road.

    Type:Land
    Lot size:
    11.43 Acres
    Added:
    Mar 22, 2024
    Days on Market:
    801
    Last Refresh:
    May 13 at 8:12 pm

    Property Features for 000 Iowa Road

    General Information

    Standard status
    Active
    Lot size
    11.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Robert Kirby

    Listing agent Robert Kirby License #TREC # 687948

    Listing office Keller Williams Realty RGV

    Listing date Mar 22, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV

    HighLights

    • 11.43 acres of land
    • Citrus orchards
    • Fenced property
    • Located on Iowa RD south of Mile 14
    • Opportunity to continue farming or convert to a ranchito
    • Motivated seller ('MUST SELL ASAP!')

    Overview

    This property features 11.43 acres of land with citrus orchards, located on Iowa Road, south of Mile 14. The land is fenced. It is suitable for continued farming or conversion to a ranchito.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Auto Parts Store Car Rental Facility Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4208212
    Latitude
    26.2630677

    Nearby Similar for Sale

    • $305,000
      4,112 SF

      Prestigious Office Space in Mission

      Professional office space in a sought-after Mission location.
      1022 E Griffin Parkway, Mission, TX 78572
      View Details
    • $200,000
      2,672 SF

      Commercial Property on Half Acre

      Commercial property with mechanic shop and living area in Mission.
      6800 Mile 4 Road, Mission, TX 78574
      View Details
    • $390,000
      2,301 SF

      Mission, TX Commercial Opportunity

      Daycare facility on nearly half an acre in Mission.
      1820 Perkins Avenue, Mission, TX 78572
      View Details
    • $1,500,000
      23,740 SF

      Mission, TX Commercial Opportunity

      Versatile 15,040 sq.ft. building on 0.69 acres.
      801 N Inspiration Road, Mission, TX 78572
      View Details
    • $750,000
      8,979 SF

      Commercial Land in Mission, TX

      High-traffic commercial property with excellent visibility and growth potential.
      3700 W Mile 5 Road, Mission, TX 78574
      View Details
    • $465,000
      4,100 SF

      Mission, TX Fourplex Investment

      Fully leased fourplex in Mission, TX, generating immediate income.
      215 W Diamond Avenue, Mission, TX 78573
      View Details
    • $350,000
      1,800 SF

      Mission, TX Commercial Property

      Prime real estate suitable for retail, daycare, office spaces.
      7710 W Expressway 83, Mission, TX 78572
      View Details
    • $299,000
      1,225 SF

      Mission Event Space with Residence

      Income-producing event space with residence on 0.50 acres.
      6200 N Bentsen Palm Drive, Mission, TX 78574
      View Details
    • $695,000
      7,350 SF

      Income-Producing Property in Mission, TX

      10-unit rental portfolio in a high-demand location.
      75 N Schuerbach Road, Mission, TX 78572
      View Details
    • $275,000
      100 SF

      Commercial Warehouse Near Moorefield Road

      6,700 SF warehouse on 0.54 acre with F1 zoning.
      8608 Alton Springs Street, Mission, TX 78574
      View Details
    • $365,000
      2,720 SF

      Mission, TX Fourplex Investment

      Fourplex in Mission, TX, near Expressway 83 and Hollis Park.
      3709 N Inspiration Road, Mission, TX 78572
      View Details
    • $975,000
      8,391 SF

      Mission, TX Multifamily Investment

      12-unit apartment complex on a 1-acre corner lot.
      3000 E Coby Drive, Mission, TX 78574
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 11.43 acres of fenced citrus orchards on Iowa Road.
    Where is this agricultural land / farmland located?
    The property is located at 000 Iowa Road Mission, TX.
    What is the asking price?
    The asking price for this property is $182,000.
    What are key features of this property?
    This property features: 11.43 acres of land; Citrus orchards; Fenced property
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Kirby
    Real Estate License ID: TREC # 687948
    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
    000 Iowa Road, Mission, TX 78504
    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!