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    802 Tx-499 Loop Harlingen, TX 78550

    For Sale
    $135,000

    3-acre commercial/residential land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3-acre property, located at 802 TX-499 Loop in Harlingen, Texas (zip code 78550), presents a remarkable opportunity for commercial or residential development. Zoned C, this land offers two available lots perfect for new construction. Lot B is suitable for a building of approximately 4,000 square feet, while the larger Lot D, spanning approximately 1.57 acres, is zoned for multi-family residential use and could also accommodate office development or townhouses. The property boasts strong co-tenancy with established businesses including WellMed, Rio Vista Dental, and Members First Credit Union, ensuring high visibility and potential synergy. Shared parking and access are provided for the development. This is a fantastic opportunity to build in a thriving area. Note that the development is subject to Covenants, Conditions, and Restrictions (CC&Rs). Asking price is $135,000.

    Property Features for 802 Tx-499 Loop

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • $135,000 asking price for 3 acres of commercial/residential land.
    • Two available lots ideal for new office construction.
    • Excellent co‑tenancy with WellMed, Rio Vista Dental, and Members First Credit Union.
    • Suitable for medical or general office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.664301706182
    Latitude
    26.187328012948

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    FAQs

    What type of property is this?
    Land - 3-acre commercial/residential land, ideal for development.
    Where is this land located?
    The property is located at 802 Tx-499 Loop Harlingen, TX.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: $135,000 asking price for 3 acres of commercial/residential land.; Two available lots ideal for new office construction.; Excellent co-tenancy with WellMed, Rio Vista Dental, and Members First Credit Union.
    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
    802 Tx-499 Loop Harlingen, TX 78550
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