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    000 Malaga Ln Mission, TX 78573

    For Sale
    $300,000

    3.71-Acre Multifamily Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional 3.71-acre development opportunity in Mission, TX, priced at $300,000 ($80,000/acre). This prime parcel is ideally situated near Texas A&M University, making it perfect for student housing. Zoning allows for the construction of fourplexes or larger apartment buildings, catering to the high demand for student and local housing. The property is located within the highly-rated Sharyland School District, offering a significant advantage for potential residents. County taxes provide a potential cost savings. The location boasts convenient access to university amenities and local attractions. Further enhancing the area's appeal, a new HEB grocery store is planned at the corner of Ware and 107, and Ware Road is scheduled for expansion to six lanes, improving traffic flow and accessibility. This presents a compelling investment opportunity with significant potential for strong rental income and future appreciation. The property's address is 000 Malaga Lane, McAllen, TX 78573.

    Property Features for 000 Malaga Ln

    General Information

    Property type
    Multifamily properties

    HighLights

    • $300,000 asking price for a multifamily property.
    • 3.71‑acre land parcel in McAllen, TX, near Texas A&M University.
    • Zoned for multifamily development, ideal for student housing.
    • Approximately $80,000 per acre.
    • Located in the Sharyland School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2978951
    Latitude
    26.308858

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    FAQs

    What type of property is this?
    Multifamily property - 3.71-Acre Multifamily Development Opportunity
    Where is this multifamily property located?
    The property is located at 000 Malaga Ln Mission, TX.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price for a multifamily property.; 3.71-acre land parcel in McAllen, TX, near Texas A&M University.; Zoned for multifamily development, ideal for student housing.
    Request Owner's contact information
    000 Malaga Ln Mission, TX 78573
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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
    000 Malaga Ln Mission, TX 78573
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