401 Palma Vis Dr Palmview, TX 78572-2464
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.