2 Miles Fm 490 Edinburg, TX 78541
This exceptional 160-acre property in Edinburg, Texas, presents a unique investment opportunity. Located conveniently near FM 490, this expansive land parcel offers significant potential for various residential developments. The property includes a 20-acre caliche pit, currently inactive, adding to its versatility. While featuring a non-livable structure, the land is sold "as is" with all existing improvements. Utilities are already in place, with electricity and a functioning water well on-site. The asking price for this substantial land holding is $1,250,000. Situated in Hidalgo County, Texas, with a zip code of 78541, this property boasts a prime location with coordinates 26.477595 latitude and -98.3125334 longitude. The substantial acreage provides ample space for a wide range of residential projects, making it an attractive proposition for developers and investors seeking a significant land acquisition in a rapidly growing area. The existing infrastructure, including electricity and a water well, further enhances the property's appeal and reduces initial development costs. This is a rare opportunity to acquire a large tract of land in a desirable location with existing utilities.
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
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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.