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Property profile & analytics
OFF-MARKET
Land

Lot Loop 499 - Cor Harlingen, TX 78550

3.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.25-acre commercial lot presents a unique investment opportunity in Harlingen, Texas. Strategically located on the corner of Loop 499 (Ed Carey Drive) and Rio Hondo Road, this property enjoys a highly visible position at the entrance to Valley International Airport. The site benefits from significant daily traffic volume, with an estimated 11,000 cars passing daily according to 2016 TxDOT data. Its prime location is further enhanced by its proximity to Texas State Technical College (TSTC), boasting over 10,000 students and employees in 2018. The area also features other significant educational institutions including Marine Military Academy and Early College High School, contributing to a substantial and consistent population base. Nearby employers such as Valley International Airport, United Launch Alliance (ULI), and Dish Network provide a strong workforce and economic driver for the region. A new 100-unit townhouse development is currently under construction nearby, indicating strong growth and future development potential. The lot is zoned N (Non-Designated), offering flexibility for a variety of commercial uses. This is one of two available corner lots at this signalized intersection, making it a rare and highly desirable investment opportunity. The property's size and location make it ideal for a wide range of commercial developments, capitalizing on the high traffic counts and proximity to major employers and educational institutions.

Property profile
Verified
Property type Land
Lot 3.25 ac (141,570 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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