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    Mile 16 Rd Elsa, TX 78543

    For Sale
    $774,000

    Texas farmland with development potential. Paved road frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 38.7-acre farm in Elsa, Texas, presents a unique investment opportunity. Located on TBD E Mile 16 Road N, this property boasts convenient paved road frontage directly across from the New Idea School, offering excellent visibility and accessibility. Currently utilized for farming, the land's versatile nature allows for a variety of uses, including continued agricultural operations or potential future development projects. The property's location in Hidalgo County, Texas, within the 78543 zip code, provides easy access to local amenities and transportation routes. With its substantial size and prime location, this property is ideal for investors seeking a blend of established agricultural use and significant development potential. The asking price is $774,000. Serious inquiries are encouraged to explore the possibilities this exceptional Texas farmland offers. The property's coordinates are 26.2930696 latitude and -97.9824471 longitude.

    Property Features for 0 Mile 16 Rd

    General Information

    Property type
    Farms
    Lot Size
    1,685,772 SF

    HighLights

    • $774,000 asking price.
    • 38.7‑acre land parcel.
    • Located in Elsa, Texas, zip code 78543.
    • Farm currently in operation.
    • Paved road frontage across from New Idea School.
    • Development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9824471
    Latitude
    26.2930696

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    FAQs

    What type of property is this?
    Farm - Texas farmland with development potential. Paved road frontage.
    Where is this farm located?
    The property is located at Mile 16 Rd Elsa, TX.
    What is the asking price?
    The asking price for this property is $774,000.
    What are key features of this property?
    This property features: $774,000 asking price.; 38.7-acre land parcel.; Located in Elsa, Texas, zip code 78543.
    Request Owner's contact information
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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
    Mile 16 Rd Elsa, TX 78543
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