Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land with Major Frontage Title is generated by Realmo AI

    999 Interstate 2, Palmview, TX 78572

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $2,900,000

    LAND - Palmview, TX

    Lot size:
    6.00 Acres
    Added:
    May 1, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 999 Interstate 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    123982
    Lot size
    6.00 Acres

    Taxes and HOA fees

    Tax Description
    MISSION GROVES ESTATE LT 13 BLK 1 10.0 AC GR-

    We can help!

    Listing Contact
    Bobby Apple

    Listing agent Bobby Apple License #0164455

    Listing office Keller Williams Prosper Celina Celina, TX

    Listing date May 1, 2026

    MLS# 21034347 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6+ acre lot with ample frontage along the I‑2 service road and/or on Bentsen Palm Rd
    • Good depth for many commercial or mixed‑use development options
    • Pad sites also available
    • Potential 420‑acre hard corner site subject to city approval
    • Unzoned—verify zoning and critical questions with the City of Palmview
    • Circle K planned at the hard corner of La Homa & Highway 83

    Overview

    An excellent 6+ acre commercial land parcel with ample frontage and good depth designed to support a range of commercial and mixed-use development options. The property is unzoned, with pad sites also available, allowing flexibility for developers and operators exploring phased or site-specific buildouts.

    The lot benefits from visibility and access along an I-2 service road and/or frontage on Bentsen Palm Rd, positioning it within the fast-growing South Texas market area of Palmview. Public remarks also reference a potential large hard corner configuration subject to city approval, as well as a planned new Circle K on the hard corner of La Homa & Highway 83.

    Given the unzoned status and the stated availability of pad sites, this property may fit buyers seeking development optionality and the ability to structure the site around their concept, tenant mix, and entitlement outcomes. Prospective buyers should verify all zoning and use questions with the City of Palmview before moving forward with plans.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Palmview
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.37013103
    Latitude
    26.23378517

    Nearby Similar for Sale

    • $999,999
      3,655 SF

      Palmview Commercial Property For Sale

      Income-generating commercial property with room to grow in Palmview, TX.
      1317 W Palma Vista Drive W, Palmview, TX 78572
      View Details
    • $650,000
      14,474 SF

      Palmview Commercial Opportunity For Sale

      22,218 SF commercial property on 0.50 acres in Palmview, TX.
      205 W Veterans Boulevard, Palmview, TX 78572
      View Details
    • $315,000
      1,830 SF

      Versatile Commercial Property in Palmview

      Commercial property with multiple income-producing opportunities in a high-traffic location.
      804 W Veterans Boulevard, Palmview, TX 78572
      View Details
    • $899,000
      2,976 SF

      Agricultural Land with Warehouse

      Versatile acreage with warehouse, storage, corrals, and fencing for agriculture or development-minded investors.
      1018 N Minnesota Road, Palmview, TX 78574
      View Details
    • $450,000
      2,544 SF

      Palmview Commercial Property on Corner Lot

      Large corner lot with high visibility and traffic for business.
      4500 W Expressway 83, Palmview, TX 78572
      View Details
    • $975,000
      8,927 SF

      Modern 12-Unit Apartment Complex

      New 12-unit apartment complex near Expressway I-2/Hwy 83.
      1306 Royola Street, Palmview, TX 78572
      View Details
    • $870,000

      Palmview, TX Land Opportunity

      4.47 acres with commercial or multi-family potential.
      4307 N La Homa Road, Palmview, TX 78574
      View Details
    • $3,900,000

      Commercial Land with Major Frontage

      A deep, multi-use tract with significant road access, offering development flexibility including pad sites and a potential multifamily component.
      999 Expressway 83, Palmview, TX 78572
      View Details
    • $580,000

      Palmview Commercial Land Opportunity

      3-acre commercial tract near major retail development.
      S Showers Road S, Palmview, TX 78572
      View Details
    • $1,675,000
      4,288 SF

      Palmview, TX Commercial Opportunity

      Income-producing commercial property near expressway with development potential.
      3105 W Expressway 83 Highway, Palmview, TX 78572
      View Details
    • $3,295,000
      22,354 SF

      Palmview, TX Investor Opportunity

      Gated community with 340 full hook-up sites and amenities.
      511 E Loop 374, Palmview, TX 78572
      View Details
    • $230,000

      Palmview, TX Mixed-Use Land

      4.81-acre vacant land suitable for residential or commercial development.
      Business Hwy 83, Palmview, TX 78572
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6+ acre commercial lot offering strong access and depth for flexible development possibilities.
    Where is this commercial land located?
    The property is located at 999 Interstate 2 Palmview, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 6+ acre lot with ample frontage along the I‑2 service road and/or on Bentsen Palm Rd; Good depth for many commercial or mixed‑use development options; Pad sites also available
    (972) 382-8882
    We can help!
    Listing Contact
    Bobby Apple
    Real Estate License ID: 0164455
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    999 Interstate 2, Palmview, TX 78572
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!