Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Fm 88 Monte Alto, TX 78538

    Sponsored
    For Sale
    $821,000

    8.21 Acres, Shovel-Ready Lots, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 8.21-acre commercial land parcel presents a unique development opportunity in Elsa, Texas. Strategically located at the southeast corner of E. Monte Cristo/FM 1925 and N. Broadway St/FM 88, this property is part of a thriving 27-acre subdivision. The site is fully developed and ready for immediate construction, boasting easy access and a prime location ideal for a variety of commercial uses. The land is one of fourteen lots within the subdivision, ranging in size from 0.97 acres to 8.1 acres, all designed to accommodate businesses in warehousing, healthcare, manufacturing, supply, and logistics. The asking price is $821,000. The property's address is 0 N. FM 88 Lot 1, Elsa, TX 78538, within Hidalgo County. This "shovel-ready" site offers significant advantages for developers seeking a strategic location with excellent infrastructure and access. The property's location within a developed subdivision ensures immediate access to utilities and services, minimizing development time and costs. This presents a compelling investment opportunity for businesses seeking a high-visibility location in a growing area.

    Property Features for 0 Fm 88

    General Information

    Property type
    Land
    Lot Size
    357,628 SF

    We can help!

    Listing Contact
    Daniel Galvan
    Daniel Galvan

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monte Alto
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9816912
    Latitude
    26.3448302

    Nearby Comparable

    • $1,854,000
      92.76 Acres

      92+ Acre Texas Land Parcel

      Two-tract acreage suitable for crops, orchards, or development.
      0000 Fm 88, Raymondville, TX 78580
      View Details
    • $90,000
      1.04 Acres

      Prime Monte Alto Residential Lot

      1.043 Acres, Build Your Dream Home
      9408 Solana Dr, Monte Alto, TX 78538
      View Details
    • $1,695,375
      75.35 Acres

      Prime Texas Farmland Investment

      75 Acres Irrigated Farmland in Texas
      0 Mile 16 Rd, Monte Alto, TX 78538
      View Details
    • $180,000
      10.29 Acres

      Texas Residential Land - Monte Alto

      10.29 Acres, Vacant Land, Hidalgo County
      000 Jaritas Rd, Monte Alto, TX 78538
      View Details
    • $139,900
      3.00 Acres

      Prime 3-Acre TX Commercial Land

      Edcouch, Texas: Multi-use development opportunity.
      0 Fm 493, Monte Alto, TX 78538
      View Details
    • $244,999
      8.32 Acres

      8-Acre Commercial/Residential Land

      Prime Texas acreage; endless development potential.
      24769 Fm 493, Monte Alto, TX 78538
      View Details
    • $374,999
      15.00 Acres

      15 Acres of Farmland

      15 acres of fertile farmland in Hidalgo County, Texas.
      Filegonia Rd, Edcouch, TX 78538
      View Details
    • New
      $185,000
      7.83 Acres

      Farmland Near Monte Cristo Rd

      7.83 acres of fertile farmland outside city limits.
      0000 Norene Dr, Monte Alto, TX 78538
      View Details

    Nearby Similar for Sale

    • $325,000
      18,500 SF

      Versatile Commercial Property in Monte Alto

      Adaptable 3.2-acre property with office, shop, and ample parking.
      25286 1St St, Monte Alto, TX 78538
      View Details
    • $125,000

      Metal Warehouse on .48 Acres

      Metal warehouse with canopy on approximately .48 acre lot.
      13033 10 St, Monte Alto, TX
      View Details

    FAQs

    What type of property is this?
    Land - 8.21 Acres, Shovel-Ready Lots, Excellent Location
    Where is this land located?
    The property is located at Fm 88 Monte Alto, TX.
    What is the asking price?
    The asking price for this property is $821,000.
    Request Owner's contact information
    Fm 88 Monte Alto, TX 78538
    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.
    Fm 88
    Monte Alto, TX 78538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Fm 88 Monte Alto, TX 78538
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel Galvan
    Daniel Galvan
    Real Estate License ID: TX
    Learn more
    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.