1804 Fm 88 Elsa, TX 78543
This exceptional 31.95-acre commercial and residential development opportunity is situated in Elsa, Texas, at 1804 FM 88, Hidalgo County, zip code 78543. The property boasts a highly desirable corner lot location, providing excellent frontage on both FM 88 and Mile 17 1/2 Road, ensuring high visibility and accessibility. The land is zoned for both commercial and residential uses, offering a multitude of development possibilities. This versatile property presents a unique chance to build a variety of projects, from multifamily dwellings to commercial ventures. The presence of a readily available city sewer system significantly simplifies development plans and reduces infrastructure costs. A natural drain ditch runs along the rear of the property, providing additional drainage benefits. The asking price for this expansive tract is $1,100,000. Its strategic location and abundant acreage make it an attractive investment for developers seeking a prime location in a growing Texas market. The property's size and zoning flexibility allow for a wide range of development scenarios, making it an ideal opportunity for those seeking significant returns. This is a rare chance to acquire a substantial parcel of land in a desirable area with excellent infrastructure.
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
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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.