Property profile

402 Coma Ave Hidalgo, TX 78557

OFF-MARKET
Strip malls
Property ID
US82-1925818
6,815 SF 0.52 ac lot Built 1983
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, situated at 402 E Coma Avenue in Hidalgo, Texas, presents a unique investment opportunity. Spanning 9,695 square feet on a 0.52-acre lot, the property boasts five versatile units, offering significant flexibility for a variety of commercial uses. One unit is a former gas station, ripe for redevelopment and presenting a substantial upside potential. The property's prime location on Coma Avenue ensures high visibility and accessibility, benefiting from the constant flow of traffic in this bustling area. Less than a mile from the U.S.-Mexico border, this location provides unparalleled access to a large and diverse customer base, including both local residents and cross-border shoppers. The property's strategic position makes it ideal for retail businesses, service providers, or office spaces seeking to capitalize on the robust economic activity in this high-growth market. The existing infrastructure provides a solid foundation for immediate occupancy or extensive renovations, allowing for customization to suit specific business needs. This is an exceptional opportunity for investors and entrepreneurs seeking a high-traffic location with significant redevelopment potential in a dynamic border region. The asking price is $1,100,000.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Total area 6,815 SF
Lot 0.52 ac (22,468 SF)
APN P4500-00-010-0001-00
UPID US82-1925818

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
  • (Bike/Boat/Book/etc) Store Printing Service

Location

402 Coma Ave Hidalgo, TX 78557-2507
Hidalgo metro Census 21308 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2010
7 recorded transactions
2010
Price N/A
2010
Price N/A
2009
Price N/A
2007
Price N/A
2007
Price N/A
2006
Price N/A
2006
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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