505 La Homa Rd Palmview, TX 78574-5401
This exceptional 18,952.956 square foot commercial land parcel presents a remarkable investment opportunity in Palmview, Texas. Located at 505 La Homa Road, this property boasts a highly desirable location near the main intersection of Veterans Boulevard and La Homa Road, offering unparalleled visibility and accessibility. Its proximity to Interstate 2 ensures convenient access for customers and employees. Built in 1992, the land is zoned for commercial use, providing flexibility for a variety of development options. Potential uses include the construction of a shopping center, restaurant, or other commercial building. Alternatively, the existing structure could be renovated or repurposed to suit a specific business need. The property's strategic location and substantial size make it an ideal investment for entrepreneurs and developers seeking a high-impact location in a growing area. The asking price is $350,000. The property is situated in Hidalgo County, Texas, with a zip code of 78572. This is a rare opportunity to acquire a prime commercial lot in a thriving Texas market. Don't miss out on this chance to secure a piece of Palmview's commercial landscape.
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 · Palmview, TXCosts & 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.