1317 Owassa Rd Alamo, TX 78516
This exceptional 9.7-acre farm located at 1317 W Owassa Road, Alamo, TX 78516, presents a unique investment opportunity. Situated between Alamo Road and Cesar Chavez, this property offers significant potential for residential subdivision development. Currently utilized for farming, the land is being sold as-is, excluding any existing structures on the property. The asking price is $700,000. Prospective buyers should note that the final sales price will be determined following a survey conducted by a licensed surveyor to verify the exact acreage. The property's convenient location in Hidalgo County, Texas, provides easy access to local amenities and transportation routes. This is a rare chance to acquire a sizable parcel of land with high development potential in a desirable area. The property's agricultural history provides a solid foundation for future development projects. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed information regarding zoning regulations and development possibilities is readily available upon request. Don't miss this chance to secure this valuable piece of Texas farmland.
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.