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Property profile & analytics
OFF-MARKET Estimated value $535,000
Warehouses

18024 Queen Palm Dr Penitas, TX 78576-8588

8,000 SF 1.5 ac lot Built 2008
Entity Owned 6-yr Hold Free & Clear
Property ID
US82-2563103
Property summary
AI-generated overview

This exceptional 11,760 square foot property, built in 2008, presents a unique investment opportunity in Penitas, Texas. Situated on a 1.5-acre lot, this versatile space combines executive office space with substantial warehouse capabilities, making it ideal for a variety of businesses. The property features two warehouses, perfectly suited for trucking companies and distributors, offering privacy with a fenced perimeter and convenient access to Mile 7. A loading dock and multiple metal curtains ensure efficient product handling and access to various stations. The warehouse also includes an upstairs bedroom with a full bath overlooking the entire floor, providing additional space and convenience. The property boasts both private and public bathrooms, and is currently used for storage. The property's location in Hidalgo County, Texas, zip code 78576, offers easy access to major transportation routes. This is a prime opportunity to acquire a well-maintained, functional property with significant potential for growth and expansion. The asking price is $510,000. The property's address is 18024 Queen Palm, Penitas, TX 78576.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Total area 8,000 SF
Lot 1.5 ac (65,384 SF)
Zoning code RS
APN P9279-01-000-0017-00
UPID US82-2563103
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
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$489k
Blend (final) Blend
$535k
Owner & transaction history
18024 Queen Palm LLC · 6 yrs held
18024 Queen Palm LLC
since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2017
Price N/A
2015
Price N/A
2014
Price N/A
2004
Price N/A
2004
$14,205
Zoning & alternative use
RS · Penitas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $790,000 +22.9%
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