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    Property profile & analytics

    Penitas, TX 78576

    • Office buildings
    • 2,215 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Last Sale
    Jul 07, 2022
    Location Intelligence
    Property ID
    US82-6907350
    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

    • Office buildings

    Property Details

    Year built
    2003
    Lot size
    0.51 lot acres
    Property size
    2,215 SF
    Zone code
    RS
    Property type
    Office buildings
    APN
    P9277-01-000-0003-00
    APU
    P927701000000300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4418
    Latitude
    26.3341
    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
    $3,045
    $88,400
    $59,710
    $148,110
    -
    $88,400
    $59,710
    $148,110

    Comparable in this City

    • Value Estimation
      $340,000
      2,810 SF

      2016 Expy 83

      OFFICE BUILDING • 2,810 SF
      2016 Expy 83, Penitas, TX 78576-2252
      View Details
    • Value Estimation
      $525,000
      2,120 SF

      Expy 83

      OFFICE BUILDING • 2,120 SF
      Expy 83, Penitas, TX 78576
      View Details
    • Value Estimation
      $530,000
      2,040 SF

      Tom Gill Rd

      OFFICE BUILDING • 2,040 SF
      Tom Gill Rd, Penitas, TX 78576
      View Details
    • Value Estimation
      $310,000
      822 SF

      2020 Expy 83

      OFFICE BUILDING • 822 SF
      2020 Expy 83, Penitas, TX 78576-2235
      View Details
    • Value Estimation
      $400,000
      1,654 SF

      3 Mile Rd

      OFFICE BUILDING • 1,654 SF
      3 Mile Rd, Penitas, TX 78576
      View Details
    • Value Estimation
      $335,000
      1,750 SF

      17926 Sago Palm Dr

      OFFICE BUILDING • 1,750 SF
      17926 Sago Palm Dr, Penitas, TX 78576-8257
      View Details

    Similar Nearby for Sale

    • $900,000
      2.49 Acres

      Penitas Commercial Land & Building

      2.49-acre commercial property; motivated seller.
      3429 Tom Gill Rd, Penitas, TX 78576
      View Details
    • $1,110,000
      7.52 Acres

      Penitas Office & Land Investment

      Prime Penitas location, 7.52 acres, office space.
      1420 Expy 83 Hwy, Penitas, TX 78576
      View Details
    • $299,900
      2,150 SF

      Penitas Office Space with Acreage

      Office space with garage on 1 acre plus 6.52 acres.
      1420 Expy 83 Hwy, Penitas, TX 78576
      View Details
    • $350,000
      1.04 Acres

      Prime Penitas Commercial Land

      1.04 Acres, $350,000 - High Traffic Area
      18018 Queen Palm Dr, Penitas, TX 78576
      View Details
    • $200,000
      3.00 Acres

      3 Acres of Prime Land

      Three acres of land suitable for building or agricultural use.
      000 Pino St, Penitas, TX 78576
      View Details
    • $75,000

      Penitas Land: Prime Commercial/Residential Lot

      Half-acre lot, ideal commercial or residential use.
      0 Tbd Tom Gill, Penitas, TX 78576
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,350 SF

      Buena Vista Street Office Land

      Prime Office Land, 17,056 sq ft
      101 Buena Vis St, Penitas, TX 78576
      View Details
    • New
      $850 /Mo
      4,544 SF

      Retail Space in Penitas Plaza

      New retail space designed for small businesses to thrive.
      17921 Coconut Palm Dr, Penitas, TX 78576
      View Details
    • New
      $850 /Mo
      4,544 SF

      New Plaza Retail Space

      Modern retail units in Penitas, TX, designed for small businesses.
      17921 Coconut Palm Dr, Penitas, TX 78576
      View Details
    • New
      $850 /Mo
      4,544 SF

      New Retail Plaza in Penitas

      Modern retail spaces designed for small businesses to thrive.
      17921 Coconut Palm Dr, Penitas, TX 78576
      View Details
    • New
      $900 /Mo
      4,544 SF

      New Plaza Retail Space Available

      Modern retail units in Penitas, TX, designed for small businesses.
      17921 Coconut Palm Dr, Penitas, TX 78576
      View Details
    • New
      $900 /Mo
      4,544 SF

      Retail Plaza in Penitas, TX

      New retail plaza designed for small business success.
      17921 Coconut Palm Dr, Penitas, TX 78576
      View Details
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    Realmo Value Estimation

    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.

    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.

    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
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