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

    1612 Military Rd Mission, TX 78572

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parker's Wildlife Heaven / Ranch

    Property Details for 1612 Military Rd

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional property in Mission, Texas, presents a unique opportunity to own a tranquil retreat spanning 23.17 acres (1,009,285 square feet). The land is zoned for agricultural, ranch, and residential use, offering considerable flexibility for its future development. A charming three-bedroom, two-bathroom ranch-style house is situated on the property, providing immediate comfortable living accommodations. The location offers unparalleled access to nature, with proximity to a renowned birding center and butterfly sanctuary, allowing residents to enjoy the abundant wildlife and serene surroundings. The property's location within a growing community provides a balance between peaceful seclusion and convenient access to amenities and services. The asking price for this expansive property is $749,000. The address is 1612 W Military Rd, Mission, TX 78572, in Hidalgo County. This is an exceptional opportunity to acquire a substantial land holding with existing residential improvements in a desirable Texas location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3589
    Latitude
    26.1811

    Comparable in this City

    • Value Estimation by Request
      31.00 Acres

      Trosper Rd

      Farms • 31.00 Acres
      0 Trosper Rd, Mission, TX 78572
      View Details
    • Value Estimation by Request
      55.00 Acres

      000 Los Ebanos Rd

      Farms • 55.00 Acres
      000 Los Ebanos Rd, Mission, TX 78572
      View Details
    • Value Estimation by Request
      5.00 Acres

      7739 Chihuahua Rd

      Farms • 5.00 Acres
      7739 Chihuahua Rd, Mission, TX 78572
      View Details
    • Value Estimation by Request
      10.00 Acres

      Bentsen Palm Dr

      Farms • 10.00 Acres
      0 Bentsen Palm Dr, Mission, TX 78572
      View Details
    • Value Estimation by Request
      10.00 Acres

      La Homa Rd

      Farms • 10.00 Acres
      0 La Homa Rd, Mission, TX 78572
      View Details
    • Value Estimation by Request

      566 Palma Vis Dr

      Farms
      566 Palma Vis Dr, Palmview, TX 78572
      View Details

    Similar Nearby for Sale

    • $280,000
      10.00 Acres

      Mission, TX: 10-Acre Commercial Land

      Prime 10-acre tract; development or homesite.
      0 Bentsen Palm Dr, Mission, TX 78572
      View Details
    • $180,000
      5.00 Acres

      Mission, TX 5-Acre Tract

      Versatile 5-acre land; owner financing available.
      7739 Chihuahua Rd, Mission, TX 78572
      View Details
    • $300,000
      10.00 Acres

      Mission, TX 10-Acre Multi-Use Land

      Prime 10-acre tract, ideal for diverse uses.
      0 La Homa Rd, Mission, TX 78572
      View Details
    • $393,300
      13.11 Acres

      Mission, TX Commercial Land

      13 Acres, Prime Location, $393,300
      0 La Homa Rd, Mission, TX 78572
      View Details
    • New
      $2,250,000
      445.00 Acres

      445 Acre Farm on River

      Exclusive 445 acre farm with almost 2,000 feet river frontage.
      0000 S Military Rd, La Joya, TX 78572
      View Details
    • $329,500

      Mission, TX Commercial Lot Investment

      Prime Expressway 83 Location, High-Traffic Area
      2818 Expressway 83, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      8,505 SF

      Mission, TX Retail Land Opportunity

      Prime 30-acre retail site, 8,505 sq ft building.
      500 Jackson Rd, Mission, TX 78572
      View Details
    • $2 SF/Yr
      19,200 SF

      Mission, TX Commercial Land Opportunity

      1.39-acre lot, 4,500 sq ft building
      1002 Ragland Rd, Mission, TX 78572
      View Details
    • $8 SF/Yr
      2,830 SF

      Griffin Parkway Office Suite 207

      Prime Office Space, RGV Location
      1022 Griffin Pkwy, Mission, TX 78572
      View Details
    • Contact for pricing

      Land For Rent La Joya

      Land available for rent in La Joya, Texas.
      712 Expressway 83 E, La Joya, TX 78572
      View Details
    • $20 SF/Yr
      10,062 SF

      Prime Penitas Commercial Land

      2.68 acres, 58 parking spaces
      2400 Expressway 83, Mission, TX 78572
      View Details
    • $27 SF/Yr
      13,627 SF

      Griffin Parkway Commercial Land

      Prime Daycare Land, Turnkey Opportunity
      1640 Griffin Pkwy, Mission, TX 78572
      View Details
    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.
    1612 Military Rd
    Mission, TX 78572
    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

    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.