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    Moore Rd Pharr, TX 78577

    For Sale
    $749,000

    5.15 Acres, Multifamily Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.15-acre property in Pharr, Texas, presents a remarkable opportunity for multifamily development. Ideally situated on E Moore Road in Hidalgo County, this land is zoned specifically for multifamily use, catering to developers seeking to build a residential community in a rapidly expanding area. The property's strategic location offers convenient access to essential amenities and infrastructure. Extensive engineering work has already been completed, significantly streamlining the development process and reducing upfront costs. To facilitate project planning, three distinct plat options are available for review and consideration by potential buyers, allowing for flexibility in design and configuration to match individual project visions. Utilities are readily accessible for connection, further enhancing the development's practicality and efficiency. Adding to its appeal, the property enjoys a prime location adjacent to a major county drainage system. Priced at $749,000, this offering represents a compelling investment prospect with significant growth potential in a thriving Texas market. Don't miss this chance to acquire a ready-to-develop multifamily site in a high-demand location. The zip code is 78577.

    Property Features for 0 Moore Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    224,334 SF

    HighLights

    • 5.15‑acre multifamily‑zoned lot in Pharr, TX (78577).
    • Located on E Moore Road in Hidalgo County.
    • Pre‑engineered for multifamily development, reducing upfront costs.
    • Three plat options available for flexible design.
    • Utilities readily accessible.
    • Adjacent to major county drainage system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1755016
    Latitude
    26.1718588

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    FAQs

    What type of property is this?
    Multifamily property - 5.15 Acres, Multifamily Development Ready
    Where is this multifamily property located?
    The property is located at Moore Rd Pharr, TX.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 5.15-acre multifamily-zoned lot in Pharr, TX (78577).; Located on E Moore Road in Hidalgo County.; Pre-engineered for multifamily development, reducing upfront costs.
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    Moore Rd Pharr, TX 78577
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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
    Moore Rd Pharr, TX 78577
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