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    401 Palma Vis Dr Palmview, TX 78572

    For Sale
    $611,594

    Prime 38,224 sq ft lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 38,224.62 square foot commercial land parcel is located at 401 W. Palma Vista Drive, Lot 5, Palmview, Texas, 78572. Situated in Hidalgo County, this property offers unparalleled potential for development. The asking price is $611,594. The lot boasts excellent visibility and enjoys expressway frontage, providing easy access and high traffic exposure. Its strategic location offers proximity to major hospitals and national retailers, ensuring a strong customer base and convenient access to essential services. Palmview, TX is experiencing significant growth with a new mixed-use development underway on an 8-acre site nearby, featuring retail, office, and commercial pad sites. This development is expected to generate substantial job creation and attract new businesses, further enhancing the area's economic vitality and making this property an even more attractive investment. This prime location presents a unique opportunity for investors and developers seeking to capitalize on the burgeoning growth of Palmview. The property's size and strategic location make it ideal for a variety of commercial uses.

    Property Features for 401 Palma Vis Dr

    General Information

    Property type
    Land

    HighLights

    • 38,224.62 SF commercial lot in Palmview, TX, priced at $611,594.
    • Expressway frontage with excellent visibility.
    • Prime location near major hospitals and national retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmview
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3745086
    Latitude
    26.2340063

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    FAQs

    What type of property is this?
    Land - Prime 38,224 sq ft lot, excellent visibility.
    Where is this land located?
    The property is located at 401 Palma Vis Dr Palmview, TX.
    What is the asking price?
    The asking price for this property is $611,594.
    What are key features of this property?
    This property features: 38,224.62 SF commercial lot in Palmview, TX, priced at $611,594.; Expressway frontage with excellent visibility.; Prime location near major hospitals and national retailers.
    (956) 631-1322
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    401 Palma Vis Dr Palmview, TX 78572
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    Palmview, TX 78572
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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
    401 Palma Vis Dr Palmview, TX 78572
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