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    2 Miles Fm 490 Edinburg, TX 78541

    For Sale
    $1,250,000

    Prime 160-acre Texas residential tract.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 160-acre property in Edinburg, Texas, presents a unique investment opportunity. Located conveniently near FM 490, this expansive land parcel offers significant potential for various residential developments. The property includes a 20-acre caliche pit, currently inactive, adding to its versatility. While featuring a non-livable structure, the land is sold "as is" with all existing improvements. Utilities are already in place, with electricity and a functioning water well on-site. The asking price for this substantial land holding is $1,250,000. Situated in Hidalgo County, Texas, with a zip code of 78541, this property boasts a prime location with coordinates 26.477595 latitude and -98.3125334 longitude. The substantial acreage provides ample space for a wide range of residential projects, making it an attractive proposition for developers and investors seeking a significant land acquisition in a rapidly growing area. The existing infrastructure, including electricity and a water well, further enhances the property's appeal and reduces initial development costs. This is a rare opportunity to acquire a large tract of land in a desirable location with existing utilities.

    Property Features for 2 Miles Fm 490

    General Information

    Property type
    Land
    Lot Size
    6,969,600 SF

    HighLights

    • $1,250,000 asking price.
    • 160‑acre land parcel.
    • Located in Edinburg, TX, Hidalgo County, zip code 78541.
    • Includes a 20‑acre inactive caliche pit and a non‑livable structure.
    • Property sold as‑is with existing improvements.
    • Features electricity and a water well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3125334
    Latitude
    26.477595

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    FAQs

    What type of property is this?
    Land - Prime 160-acre Texas residential tract.
    Where is this land located?
    The property is located at 2 Miles Fm 490 Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; 160-acre land parcel.; Located in Edinburg, TX, Hidalgo County, zip code 78541.
    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
    2 Miles Fm 490 Edinburg, TX 78541
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