0 Tom Gill Rd Penitas, TX 78576
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.