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    Agricultural Land with Warehouse Title is generated by Realmo AI

    1018 N Minnesota Road, Palmview, TX 78574

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    Claim this Listing
    New
    For Sale
    $899,000

    COMMERCIAL - Palmview, TX

    Property size:
    2,976 SF
    Lot size:
    8.31 Acres
    Price / SF:
    $302/SF
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 1018 N Minnesota Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    AC
    Parking
    28
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    G590001005002100
    Size
    2,976 SF
    Lot size
    8.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3256

    Building Details

    Year built
    2012
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Gladys I Ramos

    Listing agent Gladys I Ramos

    Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX

    Listing date Jun 1, 2026

    MLS# 505744

    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.

    HighLights

    • 8.31‑acre tract zoned A1 Agriculture
    • 2012 build on‑site includes a warehouse and storage structure
    • Metal roof and electric water heater included
    • Highly durable fabricated hollow‑metal fence and heavy‑duty ranch‑style corrals on site
    • Grazing/trucking/farming to commercial investment; dividing into a new residential subdevelopment

    Overview

    This offering consists of unimproved land totaling 8.31 acres, with existing improvements that support immediate operational use. The property includes a warehouse and a storage structure, along with heavy-duty ranch style corrals constructed from durable fabricated metal fencing. A modern security system is also noted, providing additional protection for assets on site. The configuration supports uses such as grazing, trucking, and farming, with the added advantage of potential development as described by the seller.

    Located in Palmview, Texas, the tract sits in a high-growth zone with rapid access to Expressway 83 and US-77/US-281. Zoning is identified as agriculture (A1 Agriculture), with the listing also showing zoning code AC. The seller indicates interest in dividing for a new residential subdevelopment, subject to development planning and approvals.

    For buyers and operators, the property offers a practical blend of income-oriented land utility and infrastructure already in place. It may appeal to agriculture users seeking fenced, secured space alongside storage, as well as investors evaluating phased development opportunities tied to the seller’s stated residential subdevelopment concept. Owner financing is being considered, adding flexibility for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Palmview
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.376008
    Latitude
    26.243384

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    FAQs

    What type of property is this?
    Ranch - Versatile acreage with warehouse, storage, corrals, and fencing for agriculture or development-minded investors.
    Where is this ranch located?
    The property is located at 1018 N Minnesota Road Palmview, TX.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 8.31‑acre tract zoned A1 Agriculture; 2012 build on‑site includes a warehouse and storage structure; Metal roof and electric water heater included
    (956) 929-1473
    We can help!
    Listing Contact
    Gladys I Ramos
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    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.

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