1011 Showers Rd Palmview, TX 78572
This exceptional investment opportunity presents a 20,691 square foot lot located at 1011 Showers Road, Mission, Texas, 78572, in Hidalgo County. Priced at $140,000, this property is zoned for commercial and residential use, specifically suited for multifamily development. The existing plans envision an eleven-unit apartment complex, each unit boasting two bedrooms and one and a half bathrooms. The design emphasizes modern aesthetics, spacious living areas, and the incorporation of eco-friendly building materials, creating a highly desirable living environment. This translates to strong rental potential and a high return on investment in a rapidly expanding market. The property's location in Palmview, Texas, offers convenient access to local amenities and services. Detailed preliminary layouts for the proposed eleven-unit complex are available upon request, providing a clear vision for this promising development project. This is an ideal opportunity for investors seeking to capitalize on the growth of the Mission, Texas real estate market. The substantial lot size provides ample space for the planned development and potential for future expansion. This property offers a unique blend of residential and commercial potential, making it a truly compelling investment. Don't miss this chance to acquire a prime piece of land ready for immediate development.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.