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    000 La Homa Rd Mission, TX 78574

    For Sale
    $400,000

    5 Acres, Owner Financing Available, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Mission, Texas! This 5.13-acre property, located at 000 La Homa Road, presents a unique blend of commercial and residential potential. Zoned for multifamily development, this expansive lot offers significant upside for developers seeking a prime location. The asking price is $400,000, and owner financing is available, making this an attractive proposition for investors with various financial strategies. Situated in Hidalgo County, with easy access to major roadways, this property boasts high visibility and convenient access for future tenants or customers. The property's versatility allows for a range of development options, from apartment complexes to mixed-use projects, catering to the growing demand in the Mission area. The address is 000 La Homa Road, Mission, TX 78574. This is a rare opportunity to acquire a substantial parcel of land in a thriving Texas market. The property's size and location make it ideal for a variety of commercial and residential ventures. Don't miss this chance to secure a valuable asset with significant growth potential.

    Property Features for 000 La Homa Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    223,463 SF

    HighLights

    • 5.13‑acre commercial/residential lot in Mission, TX.
    • Multifamily zoning allows for diverse development options.
    • Asking price: $400,000 with owner financing available.
    • High‑visibility location in Hidalgo County with easy access to major roadways.
    • Prime location in a thriving Texas market with significant growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3511394
    Latitude
    26.2963

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    FAQs

    What type of property is this?
    Multifamily property - 5 Acres, Owner Financing Available, Prime Location
    Where is this multifamily property located?
    The property is located at 000 La Homa Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 5.13-acre commercial/residential lot in Mission, TX.; Multifamily zoning allows for diverse development options.; Asking price: $400,000 with owner financing available.
    Request Owner's contact information
    000 La Homa Rd Mission, TX 78574
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    Mission, TX 78574
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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
    000 La Homa Rd Mission, TX 78574
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