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    1011 Showers Rd Palmview, TX 78572

    For Sale
    $140,000

    11-Unit Apartment Complex, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 20,691 square foot lot located at 1011 Showers Road, Mission, Texas, 78572, in Hidalgo County. Priced at $140,000, this property is zoned for commercial and residential use, specifically suited for multifamily development. The existing plans envision an eleven-unit apartment complex, each unit boasting two bedrooms and one and a half bathrooms. The design emphasizes modern aesthetics, spacious living areas, and the incorporation of eco-friendly building materials, creating a highly desirable living environment. This translates to strong rental potential and a high return on investment in a rapidly expanding market. The property's location in Palmview, Texas, offers convenient access to local amenities and services. Detailed preliminary layouts for the proposed eleven-unit complex are available upon request, providing a clear vision for this promising development project. This is an ideal opportunity for investors seeking to capitalize on the growth of the Mission, Texas real estate market. The substantial lot size provides ample space for the planned development and potential for future expansion. This property offers a unique blend of residential and commercial potential, making it a truly compelling investment. Don't miss this chance to acquire a prime piece of land ready for immediate development.

    Property Features for 1011 Showers Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 20,691 SF lot in Mission, TX (78572), Hidalgo County, priced at $140,000.
    • Zoned for commercial and residential use, ideal for multifamily development.
    • Existing plans for an eleven‑unit, two‑bedroom, 1.5‑bath apartment complex.
    • Strong rental potential and high ROI in a rapidly growing market.
    • Convenient location in Palmview, TX with easy access to amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmview
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.412277
    Latitude
    26.230137

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Apartment Complex, Prime Location
    Where is this multifamily property located?
    The property is located at 1011 Showers Rd Palmview, TX.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 20,691 SF lot in Mission, TX (78572), Hidalgo County, priced at $140,000.; Zoned for commercial and residential use, ideal for multifamily development.; Existing plans for an eleven-unit, two-bedroom, 1.5-bath apartment complex.
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    1011 Showers Rd 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
    1011 Showers Rd Palmview, TX 78572
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