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    1317 W Palma Vista Dr W Palmview, TX 78572
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    Property profile & analytics

    1317 W Palma Vista Dr W, Palmview, TX 78572

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    • Strip malls
    • 3,656 SF
    • 0.39 lot acres
    For Sale
    $999,999
    View Listing →
    Palmview Commercial Property on Expressway For Sale
    $999,999
    1.20 Acres

    Palmview Commercial Property on Expressway

    Prime commercial property with multiple buildings and rental potential.

    1317 W Palma Vista Drive W, Palmview, TX 78572
    View Listing
    Property ID
    US82-7256050
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1317 W Palma Vista Dr W

    Year built
    1982
    Lot size
    0.39 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    T2600-00-000-0006-08
    APU
    T260000000000608

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2025 — Veronica Ochoa Veronica Ochoa Deed · related —
    Nov 1, 2023 — Armandina C Ochoa Armandina C Ochoa Intrafamily Transfer · related —
    Aug 25, 2008 — Jose I Ochoa — Trustees Deed · related $100k · Rio Bank

    Description

    This exceptional commercial property, located at 1317 W Palma Vista Drive W in Palmview, Texas, presents a unique investment opportunity. The property encompasses four lots totaling approximately 16,788 square feet (1.2 acres) of land, ideally situated just off Expressway 83, providing excellent visibility and accessibility. Built in 1982, the site features three existing buildings, offering flexibility for immediate occupancy or redevelopment. The property's prime location offers significant advantages, with proximity to major retailers such as HEB and Walgreens, less than a mile away, ensuring high foot traffic and strong consumer presence. This versatile property is suitable for a variety of commercial uses, including restaurants, retail spaces, or the development of multiple rental units. The asking price is $1,800,000. This is a rare opportunity to acquire a substantial commercial property in a thriving Texas market with significant potential for growth and return on investment. Note: For precise location using Google Maps, please enter 1303 W. Palma Vista Dr., Palmview, TX. The property's zoning and potential uses should be verified independently.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmview
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3848
    Latitude
    26.2347
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,142
    $118,361
    $145,371
    $263,732
    -
    $118,361
    $145,371
    $263,732

    Comparable in this City

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      24,060 SF

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    • Value Estimation
      $2,445,000
      18,825 SF

      2500 Interstate Hwy 2nd 2

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    • Value Estimation
      $1,230,000
      9,188 SF

      2521 Interstate Hwy 2nd 2

      SHOPPING CENTER, STRIP CENTER
      2521 Interstate Hwy 2nd 2, Mission, TX 78572-9808
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    • Value Estimation
      $1,500,000
      11,600 SF

      808 Shary Rd

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      9,975 SF

      601 Interstate Hwy 2nd 2

      SHOPPING CENTER, STRIP CENTER
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      View Details
    • Value Estimation
      $1,445,000
      11,040 SF

      2310 Interstate Hwy 2nd 2

      SHOPPING CENTER, STRIP CENTER
      2310 Interstate Hwy 2nd 2, Mission, TX 78572-2103
      View Details

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    Similar Nearby for Lease

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      Retail Space in Mission, Texas

      Retail space available in shopping center anchored by HEB.
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      Retail Space in Mission, Texas

      Retail space available in Sharyland Towne Crossing.
      2901 Expressway 83 E, Mission, TX 78572
      View Details
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    Palmview, TX 78572
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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