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Property profile & analytics
OFF-MARKET
Automotive properties

401 Palma Vis Dr Palmview, TX 78572-2464

168 SF 0.18 ac lot Built 2017
Individually Owned 4-yr Hold Free & Clear
Property ID
US82-3439882
Property summary
AI-generated overview

This exceptional 1.26-acre commercial land parcel, located at 401 W. Palma Vista Drive, Lot 2, in Palmview, Texas, presents a unique investment opportunity. Situated in Hidalgo County, zip code 78572, this property offers significant potential for various commercial ventures. The lot's size provides ample space for development, aligning perfectly with Palmview's exciting growth trajectory. The city is experiencing a transformation with a new mixed-use development underway on an adjacent 8-acre site, featuring retail, office, and commercial pad sites. This development is poised to create numerous jobs and attract new businesses, further enhancing the area's appeal and increasing property values. The strategic location of this 1.26-acre lot places it at the heart of this burgeoning commercial hub, offering unparalleled access to the anticipated influx of residents and businesses. The asking price for this prime commercial land is $879,502. This represents a compelling investment opportunity in a rapidly developing Texas city. Don't miss the chance to secure a piece of Palmview's promising future. The property's coordinates are 26.2340063 latitude and -98.3745086 longitude.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2017
Total area 168 SF
Lot 0.18 ac (7,775 SF)
APN G2050-00-000-0011-00
UPID US82-3439882
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
American Savings Life Insurance Com · 4 yrs held
American Savings Life Insurance Com
since 2021
7 recorded transactions
2021
$700,000
2019
Price N/A
2019
Price N/A
2018
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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