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    15486 Mile 19 Rd Edinburg, TX 78542

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    15486 Mile 19 Rd Edinburg, TX 78542

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    • Mobile home & RV parks
    • 7.12 lot acres
    Off-Market
    Property ID
    US82-3120671
    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

    • Mobile home & RV parks

    Property Details for 15486 Mile 19 Rd

    Lot size
    7.12 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Description

    This exceptional 7.12-acre property in Edinburg, Texas, presents a unique investment opportunity. Located at 15486 E Mile 19 Road, 78542, this multi-use land boasts a versatile zoning allowing for commercial, farm, residential, RV park, and apartment building development. The land is fully fenced, featuring cattle fencing on the sides and rear, and a stucco fence with iron gates at the front. Mature oak trees provide natural beauty, complemented by a paved driveway. Existing infrastructure includes all utilities and septic tanks. A 350-square-foot studio with a shower and restroom is situated at the rear, ideal for on-site use. Irrigation is available, making this property suitable for various agricultural or landscaping purposes. The property's location in Hidalgo County offers convenient access to local amenities and transportation routes. Its size and diverse zoning potential make it an attractive prospect for developers seeking a multi-faceted project or investors looking for a substantial land holding in a growing Texas market. The combination of existing improvements and the expansive acreage presents a rare opportunity to create a unique and profitable venture. This property is ready for your vision.

    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
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1134711
    Latitude
    26.3448646

    Comparable in this City

    • $1,650,000
      66.67 Acres

      Edinburg Farm & Residential Land

      66.67 Acres, Prime Development
      0 Brushline Rd, Edinburg, TX 78542
      View Details
    • $530,000
      3,860 SF

      Edinburg Multifamily Investment

      Fourplex, Prime Location, High Demand
      3308 Whetstone Ave, Edinburg, TX 78542
      View Details
    • $54,000
      0.14 Acres

      Edinburg Lot with Two Homes

      Lot with two homes, currently rented for $900/month.
      6615 Bella Dr, Edinburg, TX 78542
      View Details

    Similar Nearby for Sale

    • $1,650,000
      66.67 Acres

      Edinburg Farm & Residential Land

      66.67 Acres, Prime Development
      0 Brushline Rd, Edinburg, TX 78542
      View Details
    • $530,000
      3,860 SF

      Edinburg Multifamily Investment

      Fourplex, Prime Location, High Demand
      3308 Whetstone Ave, Edinburg, TX 78542
      View Details
    • $54,000
      0.14 Acres

      Edinburg Lot with Two Homes

      Lot with two homes, currently rented for $900/month.
      6615 Bella Dr, Edinburg, TX 78542
      View Details

    Similar Nearby for Lease

    • $500 /Mo

      RV and Mobile Home Resort

      RV and mobile home resort with orange trees and amenities.
      5005 E State Highway 107, Edinburg, TX 78542
      View Details
    • $3,100 /Mo

      Orange Grove RV and Mobile

      RV and Mobile Home Resort in Edinburg, Texas.
      5005 E State Highway 107, Edinburg, TX 78542
      View Details
    • $340 /Mo

      Orange Grove RV and Mobile

      RV and mobile home resort with modern comfort and convenience.
      5005 E State Highway 107, Edinburg, TX 78542
      View Details
    • $16 SF/Yr
      800 SF

      Edinburg Commercial Land Opportunity

      Prime Texas land, 17,965 sq ft, 15 parking spaces.
      8325 State Highway 107, Edinburg, TX 78542
      View Details
    • $3 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • Contact for pricing

      High-Traffic Retail/Office Opportunity

      Prime location in Edinburg's rapidly growing commercial area.
      638 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
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    Edinburg, TX 78542
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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.

    More about this property
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    15486 Mile 19 Rd, Edinburg, TX, 78542

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