Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Owassa Rd, TX

    • Mobile home & RV parks
    • 32,460 SF
    • 62.67 lot acres
    OFF-MARKET
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6708733
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details

    Year built
    1995
    Lot size
    62.67 lot acres
    Property size
    32,460 SF
    Zone code
    M3
    Property type
    Mobile home & RV parks
    APN
    T2655-00-000-000A-00
    APU
    T265500000000A00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,285,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Owassa Rd
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1827
    Latitude
    26.2465
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $128,928
    $3,102,160
    $1,494,364
    $4,596,524
    -
    $3,102,160
    $1,494,364
    $4,596,524

    Comparable in this City

    • Value Estimation by Request
      4,886 SF

      10920 Harston Woods Dr

      MOBILE HOME PARK, TRAILER PARK • 4,886 SF
      10920 Harston Woods Dr, Fort Worth, TX
      View Details
    • Value Estimation by Request
      4,800 SF

      Highway

      MOBILE HOME PARK, TRAILER PARK • 4,800 SF
      Highway, 495, TX
      View Details
    • Value Estimation by Request
      1,344 SF

      Portwood Rd, TX

      MOBILE HOME PARK, TRAILER PARK • 1,344 SF
      Portwood Rd, TX
      View Details
    • Value Estimation by Request
      1,568 SF

      Fm 2504, TX

      MOBILE HOME PARK, TRAILER PARK • 1,568 SF
      7900, Fm 2504, TX
      View Details
    • Value Estimation by Request
      96 SF

      International Pkwy, TX

      MOBILE HOME PARK, TRAILER PARK • 96 SF
      International Pkwy, TX
      View Details
    • Value Estimation
      $740,000
      10,502 SF

      Expressway

      MOBILE HOME PARK, TRAILER PARK • 10,502 SF
      Expressway, 83, TX
      View Details

    Similar Nearby for Sale

    • $225,000
      100,188 SF

      Cleared Lot RV Park Ready

      Cleared corner lot ready for RV park development.
      9750 I-10, Orange, TX
      View Details
    • $545,000

      Turnkey RV Park in Mentone

      Well-maintained, fully leased RV community in Mentone, Texas.
      220 Cp St, Mentone, TX
      View Details
    • $2,450,000

      Prime Development Land Near Grand Parkway

      Versatile land near Grand Parkway, suitable for various developments.
      9400-9450 Sh-321, Dayton, TX
      View Details
    • $3,000,000

      RV & Industrial Park ForSale

      16-acre RV and Industrial Park with expansion potential.
      Big Spg, Big Spring, TX
      View Details
    • $3,800,000

      Fannin County RV Park Opportunity

      21.3-acre RV park with 100 spots in Fannin County.
      10382 Us-82, Savoy, TX
      View Details
    • $445,000
      1,100 SF

      Highway Frontage Flex Space

      2.6 acres with flex space and RV hookups.
      21732 Tx-90, Bedias, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      RV Park with Interstate Access

      50-space RV park with I-20 access in West Texas.
      16501 W I H 20, Odessa, TX
      View Details
    • Contact for pricing
      2,200 SF

      Mixed-Use Development Near DART Station

      Mixed-use property with retail and multifamily units near transportation.
      744 Brick Row, Dallas, TX
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space in Luxury Apartments

      Retail space available in luxury apartment building near ACC Highland.
      112 Will Davis Dr, Austin, TX
      View Details
    • $20 SF/Yr
      101,416 SF

      Austin Office Space: Lamar Towers

      Two five-story buildings, 101,416 SF, NNN lease.
      7701 - 7703 N Lamar Blvd, Austin, TX
      View Details
    • Contact for pricing
      6,800 SF

      Multi-Tenant Building with Drive-Thru

      6,800 SF multi-tenant building with drive-thru end cap.
      33701 Us-281, Bulverde, TX
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive Thru

      Retail spaces available in new development with highway visibility.
      1355 Us-377, Roanoke, TX
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Owassa Rd, TX
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.