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    27500 Huie Rd Rio Hondo, TX 78583

    Sponsored
    For Lease
    Contact for pricing

    Prime 12-acre site, ideal for various uses. Existing utilities & irrigation.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional 12-acre property in Cameron County presents a unique investment opportunity. Located conveniently near Rio Hondo and San Benito, with easy access to the Port of Harlingen, this site offers unparalleled convenience and accessibility. The land boasts paved frontage, eliminating costly infrastructure development. Existing infrastructure includes an established septic system, an East Rio Hondo Water meter, and Magic Valley Electric service, significantly reducing setup costs for any new development. Further enhancing its versatility, the property features an existing well and irrigation system, currently utilized for hay production. The irregular shape of the land wraps around three sides of an existing home, which is not included in this sale. The absence of city restrictions provides flexibility for a wide range of commercial ventures, making it particularly suitable for a trucking company or other businesses requiring ample space and convenient access to major transportation routes. The current owner has never resided on the property. This is a truly exceptional opportunity to acquire a ready-to-develop site with significant existing infrastructure in a prime location. The property is being sold as-is. MLS# 29754814 (separate sale).

    Property Features for 27500 Huie Rd

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    27500 HUIE RD.
    Size
    0 SF

    We can help!

    Listing Contact
    MINDY RIVERA
    MINDY RIVERA

    Learn more

    Property Insight Report

    HighLights

    • Special Purpose property with single‑tenant occupancy.
    • 12‑acre vacant land in Cameron County, near Rio Hondo and the Port of Harlingen.
    • Paved road frontage, existing septic system, water meter, and electric service.
    • Existing well and irrigation system; ideal for a trucking company or similar use.
    • Currently used for hay production.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Department Store Skin Care Clinic Garden Center Barber Shop Acupuncture

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio Hondo
    County
    CAMERON
    State
    Texas
    Longitude
    -97.5818296
    Latitude
    26.2074869

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    FAQs

    What type of property is this?
    Specialty property - Prime 12-acre site, ideal for various uses. Existing utilities & irrigation.
    Where is this specialty property located?
    The property is located at 27500 Huie Rd Rio Hondo, TX.
    What are key features of this property?
    This property features: Special Purpose property with single-tenant occupancy.; 12-acre vacant land in Cameron County, near Rio Hondo and the Port of Harlingen.; Paved road frontage, existing septic system, water meter, and electric service.
    Request Owner's contact information
    27500 Huie Rd Rio Hondo, TX 78583
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    Rio Hondo, TX 78583
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    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
    27500 Huie Rd Rio Hondo, TX 78583
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    We can help!
    Listing Contact
    MINDY RIVERA
    MINDY RIVERA
    Real Estate License ID: TX
    Learn more
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