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    Mike Chapa Ave La Villa, TX 78562

    For Sale
    $650,000

    Prime 21,740 SF Commercial Land, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 21,740.796 square foot commercial land parcel in La Villa, Texas, presents a compelling investment opportunity. Located at 0 Mike Chapa Avenue, 78562, Hidalgo County, this property boasts significant potential for development. Built in 2018, the land currently includes eight fully leased apartment units (two fourplexes) and an additional fourplex that is 70% complete. This existing income-producing property provides immediate cash flow, while the remaining undeveloped land offers the potential to construct another fourplex, further enhancing the return on investment. The property's strategic location in La Villa, Texas, offers access to key transportation routes and a growing community. The asking price for this remarkable opportunity is $650,000. Tax ID A1250-00-000-0001-00. This is an ideal acquisition for investors seeking a blend of immediate income and future development potential in a thriving Texas market. The property's size and existing structures make it an attractive proposition for both experienced and emerging investors. Don't miss this chance to secure a valuable asset in a rapidly developing area.

    Property Features for 0 Mike Chapa Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    2018

    HighLights

    • $650,000 asking price.
    • 21,740.796 sq ft lot.
    • Commercial land in La Villa, TX.
    • 2018 construction.
    • Includes three fourplex apartment buildings (two fully leased, one 70% complete).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Villa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9288134
    Latitude
    26.2985491

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime 21,740 SF Commercial Land, High Potential
    Where is this land located?
    The property is located at Mike Chapa Ave La Villa, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 21,740.796 sq ft lot.; Commercial land in La Villa, TX.
    Request Owner's contact information
    Mike Chapa Ave La Villa, TX 78562
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    La Villa, TX 78562
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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
    Mike Chapa Ave La Villa, TX 78562
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