Automotive Property with
1322 E Palma Vista Drive, Palmview, TX 78572
For Sale
New
Contact for pricing
An active dealership site includes office space and a second-floor residential-style suite.
Property Size31,370 SF
Price / SF$0.14
Days on Market6
Property Features for 1322 E Palma Vista Drive
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Automotive Uses
Currently Operating
Building Details
Year Built
Buildings
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:38PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This automotive property is operating as a car dealership. The office area has a lobby, waiting space, and two bathrooms. Upstairs, a separate suite contains two bedrooms, a bathroom, living and dining areas, and a kitchen. Several garages provide additional enclosed space for service, repair, or storage functions.
Built in 1996, the property is located just off Expressway 83 in Palmview, Texas.
Built in 1996, the property is located just off Expressway 83 in Palmview, Texas.
Key Highlights
- Currently operating as a car dealership
- Office with lobby, waiting area, and two bathrooms
- Second‑floor suite with two bedrooms, a bathroom, living and dining areas, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,075
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,301,500
$3.3M
Cap Rate 7%
$2,358,214
$2.4M
Cap Rate 9%
$1,834,167
$1.8M
Market Conditions
NOI Build-Up for 31,370 SF
Gross rent
$252.2K $8.04/SF
− Vacancy
−$16.4K −$0.52/SF
EGI
$235.8K $7.52/SF
− OpEx
−$70.7K −$2.26/SF
NOI
$165.1K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,301,500
Cap Rate 7%
$2,358,214
Cap Rate 9%
$1,834,167
Alternative Uses
Best Use
Retail
$6.05M
$5.29M – $7.06M
NOI $423,563 @ 7.0% cap · market cap 9,412.51%
Second Best
Industrial
$2.36M
$2.06M – $2.75M
NOI $165,075 @ 7.0% cap · market cap 3,668.33%
Theoretical Best
Hotel Hospitality
$23.63M
$20.67M – $27.57M
NOI $1,653,983 @ 7.0% cap · market cap 36,755.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Automotive properties in Hidalgo County, TX
Properties on Market for Automotive properties in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Automotive property - An active dealership site includes office space and a second-floor residential-style suite.
Where is this automotive property located?
The property is located at 1322 E Palma Vista Drive Palmview, TX.
What are key features of this property?
This property features: Currently operating as a car dealership; Office with lobby, waiting area, and two bathrooms; Second‑floor suite with two bedrooms, a bathroom, living and dining areas, and a kitchen
