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Property profile & analytics
OFF-MARKET Estimated value $515,000
Office buildings

1200 Veterans Blvd Palmview, TX 78572-7091

2,000 SF 0.7 ac lot Built 1982
Individually Owned 8-yr Hold
Property ID
US82-3815330
Property summary
AI-generated overview

This exceptional 4,462 square foot mixed-use property in Palmview, Texas presents a unique investment opportunity. Situated on a sizable 0.7-acre lot with convenient access to Expressway 83, this property boasts two substantial homes. The first residence offers five bedrooms and four bathrooms, providing ample living space. The second home, equally impressive, includes four bedrooms and three bathrooms, ideal for multi-generational living or as a rental unit. The commercial zoning allows for diverse business applications, making this property suitable for a variety of ventures, from a live-work space to a small business operation. The property's location near Expressway 83 ensures high visibility and accessibility, enhancing its commercial potential. This versatile property offers significant long-term investment potential, combining residential comfort with lucrative commercial possibilities. The expansive lot size also presents opportunities for future development or expansion. This is a rare chance to acquire a property that seamlessly blends residential and commercial uses in a thriving Texas community. The combination of two well-maintained homes and the flexible commercial zoning makes this an attractive option for investors and entrepreneurs alike. Don't miss this chance to own a piece of Palmview's vibrant commercial landscape.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 2,000 SF
Lot 0.7 ac (30,522 SF)
Zoning code CO
APN H3944-00-000-0003-00
UPID US82-3815330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$550k
Comparable Approach Comparable
$478k
Blend (final) Blend
$515k
Owner & transaction history
Abel E Ayala · 8 yrs held
Abel E Ayala
since 2018
4 recorded transactions
2020
Price N/A
2018
Price N/A
2017
$16,147
1969
Price N/A
Zoning & alternative use
CO · Palmview, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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