Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    601 Hobbs Dr McAllen, TX 78501

    For Sale
    $1,261,050

    Nearly 2-acre residential lot; prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.93-acre residential lot presents a unique opportunity to build your dream home in the coveted North McAllen area. Situated on 601 Hobbs Drive, McAllen, TX 78501, this expansive property offers unparalleled privacy and exclusivity, ideal for creating a substantial, luxurious residence. The lot's generous size allows for ample space to design and construct a custom home tailored to your specific needs and preferences, while maintaining a serene and natural environment. Despite its secluded feel, this property enjoys convenient proximity to the vibrant shopping and amenities found along 10th Street and Trenton Road, ensuring easy access to everyday conveniences. This is a rare chance to acquire a nearly two-acre lot in a highly desirable neighborhood, offering a blend of peaceful seclusion and convenient urban access. The property is located in Hidalgo County and boasts a prime address in a sought-after area of McAllen, Texas. Don't miss this once-in-a-lifetime opportunity to build your dream home in a truly exceptional setting. The asking price for this remarkable property is $1,261,050.

    Property Features for 601 Hobbs Dr

    General Information

    Property type
    Land
    Lot Size
    84,071 SF

    HighLights

    • Rare opportunity to build a custom home on a nearly 2‑acre lot in desirable North McAllen.
    • Private, exclusive setting perfect for a large luxury residence.
    • Convenient location near shopping and amenities on 10th Street and Trenton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2188442

    Nearby Similar for Sale

    • $460,000
      3,024 SF

      Modern Triplex: Investment Opportunity

      Well-maintained triplex built in 2023 with immediate rental income.
      2208 Galveston Ave, McAllen, TX 78501
      View Details
    • $1,025,000
      8,493 SF

      Multi-Suite Commercial Property in McAllen

      High-visibility commercial property with warehouse space and income potential.
      1101 E Dallas Ave, McAllen, TX 78501
      View Details
    • $800,000
      4,963 SF

      McAllen Office Building For Sale

      Freestanding office building in North McAllen with two units.
      6316 N 10Th St, McAllen, TX 78504
      View Details
    • $949,000
      Pending

      Finished Office Space Near Nolana

      Spacious, high-end office ideal for legal or professional practices.
      1305 E Nolana Ave, McAllen, TX 78504
      View Details
    • $2,900,000
      7,890 SF

      Profitable Auto Shop on Trenton

      Fully operational oil and lube business on high-traffic Trenton Road.
      2600 Trenton Rd, McAllen, TX 78504
      View Details
    • $379,000
      2,349 SF

      McAllen Duplex Built in 2016

      Well-maintained duplex in McAllen, TX, with modern amenities and tenant occupancy.
      308 N 17Th St, McAllen, TX 78501
      View Details

    FAQs

    What type of property is this?
    Land - Nearly 2-acre residential lot; prime location.
    Where is this land located?
    The property is located at 601 Hobbs Dr McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,261,050.
    What are key features of this property?
    This property features: Rare opportunity to build a custom home on a nearly 2-acre lot in desirable North McAllen.; Private, exclusive setting perfect for a large luxury residence.; Convenient location near shopping and amenities on 10th Street and Trenton.
    Request Owner's contact information
    601 Hobbs Dr McAllen, TX 78501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Hobbs Dr
    McAllen, TX 78501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    601 Hobbs Dr McAllen, TX 78501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.