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Property profile & analytics
OFF-MARKET
Small apartment buildings

1011 Showers Rd Palmview, TX 78572

Entity Owned 5-yr Hold
Property ID
US82-6863044
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
UPID US82-6863044
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pg Four Development · 5 yrs held
Pg Four Development
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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