Palmview Warehouse on 2
For Sale
Contact for pricing
914 W Veterans Boulevard, Palmview, TX 78574
4,200 sq ft warehouse on 2-acre lot in Palmview, TX.
Property Size4,200 SF
Lot Size2.00 Acres
Price / SF$130.95
Days on Market896
Property Features for 914 W Veterans Boulevard
General Information
Standard status
Active
Size
4,200 SF
Lot size
2.00 Acres
Property subtype
Land
Building Details
Year Built
1988
Listing Agency:
Capital Advisors Real Estate Group
Listed By:
Jesus Gonzalez · License #787041
(786) 897-7002
Source:
Crexi
Added: May 17, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:49AM
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 Capital Advisors Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Palmview, Texas, this commercial property features a 4,200 square foot warehouse on a 2-acre lot. The property offers potential for various business ventures. This expansive warehouse is presented as a space ready for transformation, suitable for expanding existing operations or starting new businesses.
Key Highlights
- Expansive 4,200 sq ft warehouse space.
- Large 2‑acre lot.
- Prime commercial property location in Palmview, Texas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,837
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,740
$536.7K
Cap Rate 7%
$383,386
$383.4K
Cap Rate 9%
$298,189
$298.2K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$33.8K $8.04/SF
− Vacancy
−$2.2K −$0.52/SF
EGI
$31.6K $7.52/SF
− OpEx
−$4.7K −$1.13/SF
NOI
$26.8K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,740
Cap Rate 7%
$383,386
Cap Rate 9%
$298,189
Alternative Uses
Best Use
Warehouse
$383.4K
$335.5K – $447.3K
NOI $26,837 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 4.02%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 40.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 4,200 sq ft warehouse on 2-acre lot in Palmview, TX.
Where is this warehouse located?
The property is located at 914 W Veterans Boulevard Palmview, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Expansive 4,200 sq ft warehouse space.; Large 2‑acre lot.; Prime commercial property location in Palmview, Texas.
