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$151,435

NAL Estimated Property Value

Olmito Rd N, RIO HONDO, TX, 78583

Off MarketInfo
Baths0 Bath
Baths564 Sq Ft
Year BuiltBuilt in 1980

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size10.37 acres

Building Information

Year Built1980
Stories1

Land Information

APN73-2112-0000-0010-00
SubdivisionRangel & Rodriguez Subdivision Exemption
Land UseResidential
Legal DescriptionTRACT I RANGEL & RODRIGUEZ SUBDIVISION EXEMPTION PLAT (2023 PLAT C1-4356 CCMR FILED 03/01/2022)
Assessed Land Value$126,514
Assessed Improvement Value$24,921
Assessment Year2025

About this property

Welcome to this 10.37 acre lot! This property has endless possibilities whether wanting to build your dream home, family compound or simply keep as your little piece of heaven away from the city!! Located only 20 mins away from the intercity highways for convenience and a short 30 mins road trip to Adolph Thomae Jr county park with fishing amenities and more! Let's not forget you have the opportunity to explore neighboring cities to visit, Space X, Gladys Porter Zoo and of course, South Padre Island! This property currently has Two mobile homes sitting towards the front of the lot, two newer septics tanks installed, electricity hookups as well as an Upgraded city water valve; enough to supply multiple homes if desired! Schedule your showing today!

Investor Tools

Property Icon
$151,435
Estimated Property Value
$0Estimated Mortgage Balance
$151,435Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,562
$151,435
2025
$126,514
$24,921
$151,435
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,562
$151,435

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$151,435
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: RIO HONDO

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Olmito Rd N | Property Details | No Agent List