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Property profile & analytics
OFF-MARKET
Land

0 Tom Gill Rd Penitas, TX 78576

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre land parcel, located at 5.75 N Tom Gill Road N in Penitas, Texas, presents a unique opportunity for developers and investors. Priced at $375,000, this unimproved property offers endless possibilities. Its strategic location provides excellent accessibility, situated minutes from Expressway 83 (Highway 83) and a Walmart, ensuring convenient access to major transportation routes and amenities. The proximity to the new overpass to Rio Grande City further enhances its potential for future growth and development. The absence of existing structures allows for complete design freedom, making it ideal for creating a thriving subdivision, a private estate, or any custom development project. Utilities are readily available nearby, simplifying the development process. Penitas's rapid expansion makes this a prime investment opportunity in a burgeoning area. This expansive lot, with its 78576 zip code, presents a rare chance to capitalize on the area's growth trajectory. Don't miss this chance to build your vision in a thriving Texas community. This property is zoned for development and offers significant potential for substantial return on investment. Act quickly, as opportunities like this are seldom available.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 SF)
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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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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