Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28478 Macnormans Grove Rd Edinburg, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,044,000

    Vacant land suitable for residential, agricultural, or development purposes.

    Type:LAND
    Lot size:
    58.00 Acres
    Added:
    May 28, 2025
    Days on Market:
    309
    Last Refresh:
    Mar 29 at 10:28 pm

    Property Features for 28478 Macnormans Grove Rd

    General Information

    Standard status
    Active
    Lot size
    58.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Laura Liza Paz
    Laura Liza Paz

    Listing agent Laura Liza Paz

    Listing office NAI Rio Grande Valley | McAllen

    Listing date May 28, 2025

    Source Moodyscre

    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 NAI Rio Grande Valley | McAllen

    Overview

    Vacant Land For Sale

    This vacant land is zoned by the county and located outside city limits. It is suitable for residential, agricultural, or development purposes.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1885
    Latitude
    26.2683

    Nearby Similar for Sale

    • $350,000
      504 SF

      Edinburg Commercial Property with Warehouse

      2.89-acre lot with warehouse and office in Edinburg, TX.
      2808 E University Drive, Edinburg, TX 78542
      View Details
    • $399,000
      3,944 SF

      Edinburg Fourplex Investment Opportunity

      Well-kept, fully leased fourplex near UTRGV with upside potential.
      613 La Mancha Drive, Edinburg, TX 78541
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Drive, Edinburg, TX 78539
      View Details
    • $375,000
      3,808 SF

      Edinburg Fourplex Near UTRGV

      Fourplex near UTRGV with strong rental demand.
      1207 Prosperity Drive, Edinburg, TX 78541
      View Details
    • $200,000
      3,006 SF

      Established Restaurant Business Opportunity

      Turn-key restaurant business for sale in Edinburg, Texas.
      403 W Trenton Road, Edinburg, TX 78539
      View Details
    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano Street, Edinburg, TX 78539
      View Details
    • $400,000

      Prime Corner Location in Edinburg

      4.5 acres with high visibility and growth potential.
      Canton Road, Edinburg, TX 78542
      View Details
    • $325,000
      3,066 SF

      Turnkey Edinburg Multifamily Investment Property

      Fully occupied multifamily property with income potential in Edinburg, TX.
      316 S Monmack Road, Edinburg, TX 78539
      View Details
    • $358,000
      3,640 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained fourplex near UTRGV with strong rental history.
      2013 N El Mundo Drive, Edinburg, TX 78541
      View Details
    • $475,000
      4,200 SF

      Income-Producing Fourplex in Edinburg, TX

      Fully leased fourplex with diverse unit mix and private patios.
      3613 Whitewing Avenue, Edinburg, TX 78539
      View Details
    • $385,000
      3,660 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained, fully occupied fourplex near UTRGV with strong rental income.
      2100 Aruba Drive, Edinburg, TX 78541
      View Details
    • $450,000

      Prime Commercial Development Opportunity

      Highly visible corner lot ideal for various commercial uses.
      801 W Sprague Street, Edinburg, TX 78539
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land suitable for residential, agricultural, or development purposes.
    Where is this land located?
    The property is located at 28478 Macnormans Grove Rd Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,044,000.
    What are key features of this property?
    This property features: Vacant land offers flexible usage.; Zoned for Residential, Agriculture, or Development.; Located outside city limits.
    (956) 227-8000
    We can help!
    Listing Contact
    Laura Liza Paz
    Laura Liza Paz
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!