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    Bentsen Palm Dr Mission, TX 78572

    For Sale
    $1,600,000

    Prime 21.5-acre residential tract in Mission, TX. Exceptional development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 21.5-acre tract of land presents a remarkable opportunity for developers seeking a prime location in Mission, Texas. Situated at TBD S Bentsen Palm Drive, 78572, this property boasts convenient access, with frontage on S. Bentsen Palm Drive and rear access from Ruiz Street. Its strategic location is a mere quarter-mile south of Interstate 2 (Highway 83), ensuring excellent connectivity. The asking price is $1,600,000, translating to an attractive price per acre of under $75,000. This competitive pricing makes it ideal for various development projects, including multifamily or apartment communities. The property's potential is further enhanced by its adjacency to a nearly completed subdivision to the north, which is zoned for multi-family use by the City of Palmview. Furthermore, the frontage on Bentsen Palm Drive offers the possibility of commercial zoning, adding to the versatility and investment potential of this exceptional land parcel. This is a rare opportunity to acquire a large, well-located tract in a rapidly growing area. Don't miss out on this chance to build your next successful development.

    Property Features for 0 Bentsen Palm Dr

    General Information

    Property type
    Land
    Lot Size
    936,540 SF

    HighLights

    • $1,600,000 asking price.
    • 21.5‑acre land parcel.
    • Located in Mission, TX, 78572.
    • Excellent multifamily development potential.
    • Convenient access to I‑2 (Hwy 83).
    • Priced at under $75,000 per acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3755303
    Latitude
    26.2061388

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    FAQs

    What type of property is this?
    Land - Prime 21.5-acre residential tract in Mission, TX. Exceptional development opportunity.
    Where is this land located?
    The property is located at Bentsen Palm Dr Mission, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 21.5-acre land parcel.; Located in Mission, TX, 78572.
    Request Owner's contact information
    Bentsen Palm Dr Mission, TX 78572
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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
    Bentsen Palm Dr Mission, TX 78572
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