Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Improved Land on 2.19 Acres Title is generated by Realmo AI

    28423 Fm 803, San Benito, TX 78586

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.19 acres of improved land suitable for livestock.

    Type:Land
    Lot size:
    2.19 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    470
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 28423 Fm 803

    General Information

    Standard status
    Active
    Lot size
    2.19 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    ROSIE MASSO

    Listing agent ROSIE MASSO License #TX

    Listing office REALTY ASSOCIATES

    Listing date Feb 7, 2025

    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 REALTY ASSOCIATES

    HighLights

    • 2.19 acre property
    • Two septic tanks in place
    • Suitable for livestock
    • Gated private road access
    • Ideal for a weekend getaway
    • Improved land

    Overview

    This property features 2.19 acres of improved land. It is suitable for livestock and could serve as a weekend getaway. The property includes two septic tanks. Access is provided by a gated private road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Big Box & Wholesale Store Electronics & Wireless Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Benito
    County
    Cameron
    State
    Texas
    Longitude
    -97.51332
    Latitude
    26.146269

    Nearby Similar for Sale

    • $750,000
      6,125 SF

      San Benito Multi-Use Commercial Property

      Two-story commercial property with office, warehouse, and residential units.
      901 S Williams Road S, San Benito, TX 78586
      View Details
    • $297,000
      2,427 SF

      Renovated San Benito Commercial Property

      Move-in ready commercial property in the heart of San Benito.
      100 CRAWFORD DR., SAN BENITO, TX 78586
      View Details
    • $234,000
      1,796 SF

      Turnkey Restaurant in High-Traffic Location

      Established restaurant space in downtown San Benito, fully equipped.
      267 W ROBERTSON ST., SAN BENITO, TX 78586
      View Details
    • $124,000

      San Benito Commercial/Residential Land

      1.26 acre commercial or residential land in San Benito, TX.
      29780 FM 803, San Benito, TX 78586
      View Details
    • $7,590,000

      72 Acres Development Opportunity

      Prime land for commercial or light industrial development in San Benito.
      Expressway 77 Highway, San Benito, TX 78586
      View Details
    • $457,500

      San Benito Land Investment Opportunity

      15.25 acres of land in San Benito, Texas.
      Zillock Road, San Benito, TX 78586
      View Details
    • $295,000

      Commercial Property in San Benito

      Commercial property with long-term tenant in a prime location.
      160 S SAM HOUSTON BLVD., SAN BENITO, TX 78586
      View Details
    • $189,000

      San Benito Land Opportunity

      5.5 acres of land outside San Benito city limits.
      ZILLOCK RD., SAN BENITO, TX 78586
      View Details
    • $83,000

      Acre Lot in San Benito

      One acre lot outside city limits near San Benito, TX.
      32176 ZILLOCK RD., SAN BENITO, TX 78586
      View Details
    • $124,500

      2.71 Acre Land For Sale

      2.71 acre land parcel suitable for commercial or residential use.
      WILLIAMS RD., SAN BENITO, TX 78586
      View Details
    • $326,350

      Vacant Land Near Los Fresnos

      14.83 Acres in growing area near Los Fresnos, TX.
      FM 510, SAN BENITO, TX 78586
      View Details
    • $457,500

      San Benito Land For Sale

      15.25 acres of land in San Benito, Texas.
      ZILLOCK RD., SAN BENITO, TX 78586
      View Details

    FAQs

    What type of property is this?
    Land - 2.19 acres of improved land suitable for livestock.
    Where is this land located?
    The property is located at 28423 Fm 803 San Benito, TX.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: 2.19 acre property; Two septic tanks in place; Suitable for livestock
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    ROSIE MASSO
    Real Estate License ID: TX
    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
    28423 Fm 803, San Benito, TX 78586
    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!