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    OFF-MARKET
    Land

    0 Olmito Rd, Rio Grande City, TX 78582

    38.72 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 38.72-acre tract presents a remarkable opportunity for residential development in Rio Grande City, Texas. Located on N. Olmito Road in Starr County, this property boasts convenient access to essential utilities. Its strategic position offers proximity to key transportation arteries, sitting adjacent to Olmito Road and within 300 feet of FM 2360. The intersection of FM 2360 and US Highway 83 is a mere 2.5 miles south, providing easy access to a range of amenities and services. This vibrant area features nearby schools, including Alto Bonito Elementary, La Grulla High School, and a new middle school, all within a short distance. Retail options such as Dollar General, Stripes, and Bordertown Hardware and Grocery are conveniently located at the FM 2360 and US Highway 83 intersection. Furthermore, the property benefits from its proximity to Rio Grande City (8 miles west) and the larger Mission-McAllen metro area (approximately 30 miles east), offering residents access to a wider array of employment, shopping, and entertainment options. The asking price for this expansive parcel is $482,900, making it an attractive investment for developers seeking a prime location for residential construction in a rapidly growing region. The property's zoning and potential for development should be independently verified. The zip code is 78582.

    Property profile
    Verified
    Property type Land
    Lot 38.72 ac (1,686,643 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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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