Property profile

0 3.780 Acres Fernando Rd Rio Hondo, TX 78583

OFF-MARKET
Land
3.78 ac lot
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Property summary

AI-generated overview

This exceptional 3.78-acre property in Rio Hondo, Texas, presents a unique investment opportunity. Zoned for both farm and residential use, this versatile land offers significant potential. Located on Fernando Road, though access is via neighboring private properties, the land boasts fertile topsoil ideal for cultivating cotton and sorghum. The seller confirms no restrictions on the property's use and a history of successful farming. Importantly, the property is not located in a flood zone. The current farming operation will conclude its harvest season before the sale is finalized, with the harvested crops retained by the current farmer. The property is being sold "as-is." To assist with location identification, a nearby property for GPS reference is 33991 San Fernando Rd, Rio Hondo, TX 78583. The title policy costs will be shared between the buyer and seller. This affordable land parcel in Cameron County presents a compelling opportunity for investors seeking diverse development possibilities. The property's prime location and agricultural suitability make it an attractive prospect for both farming and potential residential development. Seize this chance to acquire a piece of Texas land with significant upside.

Property profile

Verified
Property type Land
Lot 3.78 ac (164,657 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3.780 Acres Fernando Rd Rio Hondo, TX 78583
Rio Hondo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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