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    Tom Gill Rd Penitas, TX 78576

    For Sale
    $375,000

    Prime Development Land in Penitas, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10-acre land parcel, located at 5.75 N Tom Gill Road N in Penitas, Texas, presents a unique opportunity for developers and investors. Priced at $375,000, this unimproved property offers endless possibilities. Its strategic location provides excellent accessibility, situated minutes from Expressway 83 (Highway 83) and a Walmart, ensuring convenient access to major transportation routes and amenities. The proximity to the new overpass to Rio Grande City further enhances its potential for future growth and development. The absence of existing structures allows for complete design freedom, making it ideal for creating a thriving subdivision, a private estate, or any custom development project. Utilities are readily available nearby, simplifying the development process. Penitas's rapid expansion makes this a prime investment opportunity in a burgeoning area. This expansive lot, with its 78576 zip code, presents a rare chance to capitalize on the area's growth trajectory. Don't miss this chance to build your vision in a thriving Texas community. This property is zoned for development and offers significant potential for substantial return on investment. Act quickly, as opportunities like this are seldom available.

    Property Features for 0 Tom Gill Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre land parcel in Penitas, TX, priced at $375,000.
    • Unimproved land with excellent accessibility to Expressway 83 and nearby amenities.
    • Proximity to new overpass to Rio Grande City and Walmart.
    • Zoned for development, offering design freedom for various projects.
    • Utilities readily available; located in a rapidly expanding area with significant growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4355634
    Latitude
    26.3037633

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    FAQs

    What type of property is this?
    Land - Prime Development Land in Penitas, TX
    Where is this land located?
    The property is located at Tom Gill Rd Penitas, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 10-acre land parcel in Penitas, TX, priced at $375,000.; Unimproved land with excellent accessibility to Expressway 83 and nearby amenities.; Proximity to new overpass to Rio Grande City and Walmart.
    Request Owner's contact information
    Tom Gill Rd Penitas, TX 78576
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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
    Tom Gill Rd Penitas, TX 78576
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