511 E Loop 374, Palmview, TX 78572
Gated community with 340 full hook-up sites and amenities.
- Added:
- Dec 27, 2021
- Days on Market:
- 1624
- Last Refresh:
- May 13 at 8:38 pm
Property Features for 511 E Loop 374
General Information
- Standard status
- Active
- Size
- 22,354 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1983
Listing agent Jaime Gonzalez
Listing office Keller Williams Realty Rgv (956) 928-1155
Listing date Dec 27, 2021
Source Xome
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 Keller Williams Realty Rgv
HighLights
- Investor opportunity: 340 full hook‑up sites with 30/50 amp service.
- Securely gated community with prime location along Business 83.
- Amenities include laundry room, walking trails, and heated in‑ground pool.
- Executive access to El Nino 9‑hole golf course.
- Trailer and recreational vehicle storage available.
- 6 acres of unimproved open land for expansion.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $370.2k | $16.56 |
| − Vacancy | −$42.9k | −$1.92 |
| EGI | $327.2k | $14.64 |
| − OpEx | −$147.3k | −$6.59 |
| NOI | $180.0k | $8.05 |
Alternative Uses
Current Use by Public Records
Map
- City
- Palmview
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3913
- Latitude
- 26.3187
