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Property profile & analytics
OFF-MARKET
Land

000 Malaga Ln Mission, TX 78573

Property ID
Property summary
AI-generated overview

Exceptional 3.71-acre development opportunity in Mission, TX, priced at $300,000 ($80,000/acre). This prime parcel is ideally situated near Texas A&M University, making it perfect for student housing. Zoning allows for the construction of fourplexes or larger apartment buildings, catering to the high demand for student and local housing. The property is located within the highly-rated Sharyland School District, offering a significant advantage for potential residents. County taxes provide a potential cost savings. The location boasts convenient access to university amenities and local attractions. Further enhancing the area's appeal, a new HEB grocery store is planned at the corner of Ware and 107, and Ware Road is scheduled for expansion to six lanes, improving traffic flow and accessibility. This presents a compelling investment opportunity with significant potential for strong rental income and future appreciation. The property's address is 000 Malaga Lane, McAllen, TX 78573.

Property profile
Verified
Property type Land
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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