Property profile

400 Date Palm Ave McAllen, TX 78501

FOR SALE
Mobile home & RV parks
Property ID
US82-5144290
780 SF 10.31 ac lot Built 1963
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,588 square foot commercial property, located at 400 Date Palm Avenue in McAllen, Texas, presents a unique development opportunity. Situated on a 1.168-acre lot at the highly visible corner of 2nd Street and Date Palm Avenue, this site benefits from significant daily traffic counts. The property's prime location within a densely populated residential area ensures a strong local customer base for retail or neighborhood commercial ventures. The high visibility and accessibility make it an attractive option for businesses seeking to serve the immediate community. This location is perfect for businesses that cater to the needs of the surrounding residents, offering convenience and accessibility. The property's size and location make it suitable for a variety of commercial uses, capitalizing on the growing demand for services in this thriving area of McAllen. The intersection of 2nd Street and Date Palm Avenue is known for its high traffic volume, providing excellent exposure for any business operating from this location. This is a rare opportunity to acquire a strategically positioned commercial property in a rapidly developing residential area of McAllen. The asking price for this property is $765,000.

Property profile

Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1963
Total area 780 SF
Lot 10.31 ac (449,191 SF)
APN H2550-00-008-0008-02
UPID US82-5144290

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

400 Date Palm Ave McAllen, TX 78501
McAllen metro Census 21002 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2010
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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