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    2911 Penelope Dr Edinburg, TX 78542

    • Commercial real estate
    For Sale
    View listing
    $79,500
    Value Estimation
    Location Intelligence
    Property ID
    US82-6754095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2911 Penelope Dr

    Property type
    Commercial real estate

    Description

    This exceptional 22,655.56 square foot residential lot presents a prime opportunity for building a single-family home in the desirable Edinburg, Texas area. Located at 2911 Penelope Drive, 78542, this property offers a spacious canvas for your ideal living space. The land is conveniently situated within the Edinburg Independent School District, with all grade levels conveniently located within approximately five miles, making it an excellent choice for families. The property's address is 2911 Penelope Drive, Edinburg, Hidalgo County, Texas. Directions indicate heading north approximately half a mile from Economedes High School before reaching Monte Cristo Road. The asking price for this remarkable lot is $79,500. This represents a fantastic investment opportunity in a thriving Texas community. The lot size provides ample space for a substantial home and landscaping, offering both privacy and potential for outdoor enjoyment. Don't miss this chance to create your dream home in a convenient and family-friendly location. The property is classified as residential land and is ready for immediate development.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0966884
    Latitude
    26.3223793

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    Similar Nearby for Sale

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      Highway 281 RV Park & Land

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    Similar Nearby for Lease

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    Edinburg, TX 78542
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    Realmo Value Estimation

    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.

    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.

    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
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