18024 Queen Palm Dr Penitas, TX 78576-8588
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RS · Penitas, TXPenitas. Always verify with local authorities before improvements.
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.