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

    Depot & Russell Rd Edinburg, TX 78504

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

    Current Use by Public Records

    • Land

    Property Details for 0 Depot & Russell Rd

    Lot size
    27.50 lot acres
    Property type
    Land

    Description

    This exceptional 27.5-acre vacant land parcel presents a remarkable development opportunity in Edinburg, Texas. Located at the southwest corner of North Depot and Russell Roads, this property boasts a strategic location within McAllen's thriving growth corridor. Its proximity to elementary and middle schools, as well as Texas A&M University, makes it ideal for residential, multi-family, or mixed-use development. The land is situated conveniently between Highway 107 and Monte Cristo Road, surrounded by established subdivisions, including the Ravenwood Subdivision, and less than a mile from Highway 107. The asking price is $1,995,000, translating to $1.67 per square foot. The property's APN is T2100-00-233-0003-01. While the property shows potential for school site development, all development plans, uses, and zoning are subject to the approval of the City and all relevant governmental authorities. Verification of approvals and compliance is the buyer's responsibility. This is a rare opportunity to acquire a large tract of land in a high-growth area with excellent access to major roadways and established communities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2235
    Latitude
    26.3321

    Comparable in this City

    • Value Estimation by Request
      4.85 Acres

      Ware Rd

      Farms • 4.85 Acres
      0 Ware Rd, Edinburg, TX 78504
      View Details
    • Value Estimation by Request
      2.92 Acres

      Mccoll Rd

      Multifamily properties • 2.92 Acres
      0 Mccoll Rd, Edinburg, TX 78504
      View Details
    • Value Estimation by Request
      13.92 Acres

      9901 10Th St

      Multifamily properties • 13.92 Acres
      9901 10Th St, McAllen, TX 78504
      View Details
    • Value Estimation by Request
      9.25 Acres

      11613 10Th St

      Land • 9.25 Acres
      11613 10Th St, McAllen, TX 78504
      View Details
    • Value Estimation by Request
      2.00 Acres

      10811 Monte Cristo Rd

      Land • 2.00 Acres
      10811 Monte Cristo Rd, McAllen, TX 78504
      View Details
    • Value Estimation by Request
      10.00 Acres

      10600 Bryan Rd

      Farms • 10.00 Acres
      10600 Bryan Rd, McAllen, TX 78504
      View Details

    Similar Nearby for Sale

    • $575,000
      3.88 Acres

      McAllen Land: 3.88 Acres

      Prime North McAllen residential land, owner financing available.
      4600 Auburn Ave, McAllen, TX 78504
      View Details
    • $2,500,000
      14.33 Acres

      McAllen Land: 14 Acres Commercial/Residential

      Prime 14-acre tract, ideal for mixed-use development.
      9800 23Rd St, McAllen, TX 78504
      View Details
    • $1,575,000
      5.27 Acres

      McAllen Land: Prime Development Opportunity

      5.27 Acres, Commercial & Residential Potential
      4508 Taylor Rd, McAllen, TX 78504
      View Details
    • $370,000
      2.00 Acres

      McAllen Land: Prime Commercial Opportunity

      2-Acre Commercial/Residential Lot, Owner Financing
      10811 Monte Cristo Rd, McAllen, TX 78504
      View Details
    • $1,699,000
      2.78 Acres

      Prime McAllen Residential Land

      2.78 Acres, Build Your Dream Home
      200 Tulip Ave, McAllen, TX 78504
      View Details
    • $4,340,000
      9.96 Acres

      McAllen Land: Prime Development Site

      9.96 acres, C1 & R1 zoning, high visibility.
      9101 10Th St, McAllen, TX 78504
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      1,610 SF

      McAllen Retail Space - 7001 N 10th

      Prime McAllen retail space, high traffic location.
      7001 10Th St, McAllen, TX 78504
      View Details
    • $24 SF/Yr
      390 SF

      Nolana Avenue Executive Office Suite

      McAllen Office Space - All-Inclusive Lease
      315 Nolana Ave, McAllen, TX 78504
      View Details
    • $0.47 SF/Yr
      53,651 SF

      McAllen Executive Office Space

      Prime Office, 2100 sq ft, 7 Parking
      5401 10Th St, McAllen, TX 78504
      View Details
    • $0.11 SF/Yr
      53,651 SF

      McAllen Executive Office Space

      Prime McAllen Office, 53,651 sq ft
      5401 10Th St, McAllen, TX 78504
      View Details
    • $24 SF/Yr
      175 SF

      Nolana Avenue Executive Office Suite

      McAllen Office Space, 175 sq ft, All-Inclusive
      315 Nolana Ave, McAllen, TX 78504
      View Details
    • $0.11 SF/Yr
      53,651 SF

      Prime Commercial Land & Building

      Spacious Office/Retail Space, Excellent Location
      5401 10Th St, McAllen, TX 78504
      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.
    Depot & Russell Rd
    Edinburg, TX 78504
    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.