Palmview Commercial Opportunity For
For Sale
$599,000
914 W Veterans Blvd, Palmview, TX
Enclosed metal structure suitable for retail, storage, or event space.
Property Size4,200 SF
Price / SF$142.62
Days on Market222
Property Features for 914 W Veterans Blvd
General Information
Standard status
Active
Size
4,200 SF
Taxes and HOA fees
Annual Taxes
$11,139
Listing Agency:
URSA Real Estate
(956) 476-3016
Listed By:
Santiago Mendiola · License #767977
(956) 252-0544
Source:
Exprealty
Added: Mar 5
Changed: Sep 15
Last Checked: Oct 12 at 11:05PM
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 URSA Real Estate
Investment Insights
Based on property information with market context.
This commercial property is located in Palmview, Texas. The enclosed metal structure offers versatile use, suitable for retail, storage, or event space. It can also be divided into multiple commercial units. Situated in a high-traffic area, the property provides visibility for new or expanding businesses. The property has a size of 4200 square feet. There is ample surrounding land, allowing potential for future growth, expansion, and additional parking. It is located in a rapidly developing area.
Key Highlights
- High‑traffic location in Palmview, TX offering outstanding visibility.
- Versatile enclosed metal structure suitable for retail, storage, event space, or multiple commercial units.
- Significant potential for future growth and expansion due to ample surrounding land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,101
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,020
$442.0K
Cap Rate 7%
$315,729
$315.7K
Cap Rate 9%
$245,567
$245.6K
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
−$9.5K −$2.26/SF
NOI
$22.1K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,020
Cap Rate 7%
$315,729
Cap Rate 9%
$245,567
Alternative Uses
Best Use
Industrial
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 3.69%
Second Best
Flex RnD
$293.2K
$256.5K – $342.1K
NOI $20,523 @ 7.0% cap · market cap 3.43%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 36.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Enclosed metal structure suitable for retail, storage, or event space.
Where is this flex space located?
The property is located at 914 W Veterans Blvd Palmview, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High‑traffic location in Palmview, TX offering outstanding visibility.; Versatile enclosed metal structure suitable for retail, storage, event space, or multiple commercial units.; Significant potential for future growth and expansion due to ample surrounding land.
