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    Tbd Tom Gill Rd Penitas, TX 78576

    For Sale
    $75,000

    Half-acre lot, ideal commercial or residential use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 21,780 square foot lot presents a unique dual-use opportunity in the thriving city of Penitas, Texas. Located on TBD Tom Gill Road, 78576, this half-acre parcel is currently zoned for both commercial and residential development, offering unparalleled flexibility for discerning investors or homeowners. The property's expansive size allows for a wide range of possibilities, from constructing a substantial commercial building to developing a custom residential property. Its strategic location provides convenient access to essential amenities, including nearby supermarkets and schools, ensuring a high quality of life for future residents or a strong customer base for commercial ventures. The asking price is $75,000, representing a compelling investment in a rapidly growing Texas community. This property is situated in Hidalgo County and boasts GPS coordinates of 26.3037633 latitude and -98.4355634 longitude. Don't miss this chance to acquire a versatile property with significant potential in a desirable location. The property's zoning allows for a blend of commercial and residential uses, making it an attractive option for a variety of development projects.

    Property Features for 0 Tbd Tom Gill Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4355634
    Latitude
    26.3037633

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    FAQs

    What type of property is this?
    Land - Half-acre lot, ideal commercial or residential use.
    Where is this land located?
    The property is located at Tbd Tom Gill Rd Penitas, TX.
    What is the asking price?
    The asking price for this property is $75,000.
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    Tbd Tom Gill Rd Penitas, TX 78576
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    Penitas, TX 78576
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    Realmo Value Estimation

    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.

    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.

    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
    Tbd Tom Gill Rd Penitas, TX 78576
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