23609 1/2 Monte Alto, TX 78538
This exceptional 19.54-acre property in Monte Alto, Texas, presents a unique investment opportunity. Located at 23609 Mile 2 1/2 W, Hidalgo County, zip code 78538 (latitude 26.3466527, longitude -97.9505551), this land boasts a versatile zoning allowing for commercial, farm, and residential uses. The asking price is $470,000. The property is situated outside city limits, offering the benefit of low taxes and the peace of mind of being outside a designated flood zone. Existing improvements include a small white house featuring two bedrooms, a combined living and dining area, and essential appliances such as a stove, refrigerator, and window air conditioning unit. A smaller green house is also on the property. The seller is open to selling a 10-acre portion separately, providing flexibility for potential buyers. This rare combination of acreage, location, and zoning makes this property an attractive prospect for various development plans, from residential construction to agricultural ventures or commercial enterprises. Serious inquiries are encouraged to explore this exciting opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.