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OFF-MARKET
Specialty properties

00 White Ranch Rd La Feria, TX 78559

Property ID
Property summary
AI-generated overview

This exceptional 18-acre tract in La Feria, Texas, presents a unique investment opportunity for residential developers. Located just one minute from the highway, this property offers unparalleled access to major Rio Grande Valley cities and nearby commercial centers. The land is already platted and approved for development, featuring 23 half-acre lots and 3 premium one-acre lots, totaling 26 buildable homesites. Septic tank installation is approved, streamlining the development process. Situated outside La Feria city limits, this prime location benefits from the area's thriving real estate market, making it an ideal site for constructing new homes. The property's proximity to essential amenities, including grocery stores and various retail outlets, adds to its appeal. This is a ready-to-develop parcel, perfect for those seeking a profitable venture in a high-demand area. The asking price is $499,000. Interested parties should inquire for detailed terms and conditions. This is a remarkable opportunity to capitalize on the Rio Grande Valley's robust housing market. The property's convenient location and pre-approved plans significantly reduce development hurdles, promising a smooth and efficient building process. Don't miss this chance to acquire a highly desirable development site in a rapidly growing region.

Property profile
Verified
Property type Specialty properties
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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