Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Encino, TX Land For Sale Title is generated by Realmo AI

    Us-281 lot 0, Encino, TX 78353

    View on Map
    Claim this Listing
    For Sale
    $149,999

    LAND - Encino, TX

    Lot size:
    5.82 Acres
    Added:
    Jun 9, 2024
    Days on Market:
    721
    Last Refresh:
    May 30 at 1:06 am

    Property Features for Us-281 lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000001352
    Lot size
    5.82 Acres

    Taxes and HOA fees

    Tax Description
    AB #97 J M & L CHAPA

    We can help!

    Listing Contact
    Juan Chavez

    Listing agent Juan Chavez License #0616301

    Listing office CapStone Realty PLLC 700 W Redwood Ave., McAllen, TX

    Listing date Jun 9, 2024

    MLS# 442916 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential for commercial use.
    • Boasting 6+/- acres of land.
    • Located on Interstate Highway 281 for easy access.
    • Facing east.
    • High fenced on the west and south sides by Skipper Ranch.
    • Electric power lines along the east side boundary.

    Overview

    This property offers potential for commercial use, encompassing 6+/- acres situated on the west side of Interstate Highway 281 and facing east. The land is located a few minutes north of the McAllen/Edinburg area. The west and south boundaries are high fenced by the Skipper Ranch. Electric power lines are present along the east side boundary of the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Encino
    County
    Brooks
    State
    Texas
    Longitude
    -98.212
    Latitude
    26.9826

    Nearby Similar for Sale

    • $217,855

      Encino, TX Land Opportunity

      25.63 acres in South Texas, ideal for homesteading or recreation.
      Fm 755 Road, Encino, TX 78353
      View Details
    • $292,500

      Encino, Texas Land Tract

      Expansive land tract in Encino, Texas, with development potential.
      188 Fm 430, Encino, TX 78353
      View Details
    • $120,000

      Encino, TX 10-Acre Ranchette

      10-acre ranchette in Encino, TX with open pasture.
      153 Carolina, Encino, TX 78353
      View Details
    • $17,910

      Encino, TX Land For Sale

      3.98 acres of land available in Encino, Texas.
      CR 313, Encino, TX 78353
      View Details
    • $415,000
      3,336 SF

      Restaurant and Convenience Store with Gas

      Restaurant, convenience store, and gas station between Edinburg and Falfurrias.
      7259 S Highway 281, Encino, TX
      View Details
    • $295,000
      4,222 SF

      Encino Commercial Building on 12AC

      Commercial building with frontage on Expressway 281 and old 83.
      6815 US Highway Business 281 Highway, Encino, TX 78353
      View Details
    • $239,000

      Encino, Texas 30-Acre Land Parcel

      30 acres of land for sale in Encino, Texas.
      386-388 Las Cuatas Road, Encino, TX 78353
      View Details
    • $49,000

      Prime 1-Acre Commercial Lot

      1-acre lot with frontage on HWY 281, south of Encino.
      TBD US Highway 281, Encino, TX 78353
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6+/- acres of land with commercial potential near McAllen/Edinburg.
    Where is this commercial land located?
    The property is located at Us-281 lot 0 Encino, TX.
    What is the asking price?
    The asking price for this property is $149,999.
    What are key features of this property?
    This property features: Potential for commercial use.; Boasting 6+/- acres of land.; Located on Interstate Highway 281 for easy access.
    (956) 638-8821
    We can help!
    Listing Contact
    Juan Chavez
    Real Estate License ID: 0616301
    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
    Us-281 lot: 0, Encino, TX 78353
    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!