Warehouse with
New
For Sale
$272,500
00 W Mile 2, Mercedes, TX 78570
An on-site office and two restrooms support daily warehouse operations.
Property Size2,400 SF
Lot Size1.89 Acres
Price / SF$113.54
Days on Market4
Property Features for 00 W Mile 2
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
10
Lot size
1.89 Acres
Property subtype
Commercial
Additional Details
Warehouse Space
2,400 SF
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$1,513
Amenities
Storage
Workshop
Building Details
Building Size
2,400 SF
Year Built
2021
Stories
1
Listing Agency:
Pinnacle Realty Advisors
(972) 591-3988
Listed By:
Sylvia (Astrid) Munoz
(956) 784-9302
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this warehouse contains 2,400 square feet of space on a 1.89-acre parcel. The building includes office space and two restrooms, adding functional support areas to the warehouse footprint.
Key Highlights
- 2,400‑square‑foot warehouse
- 1.89‑acre parcel
- Office space within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,335
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,700
$306.7K
Cap Rate 7%
$219,071
$219.1K
Cap Rate 9%
$170,389
$170.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$19.3K $8.04/SF
− Vacancy
−$1.3K −$0.52/SF
EGI
$18.0K $7.52/SF
− OpEx
−$2.7K −$1.13/SF
NOI
$15.3K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,700
Cap Rate 7%
$219,071
Cap Rate 9%
$170,389
Alternative Uses
Best Use
Warehouse
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.81M
$1.58M – $2.11M
NOI $126,540 @ 7.0% cap · market cap 46.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - An on-site office and two restrooms support daily warehouse operations.
Where is this warehouse located?
The property is located at 00 W Mile 2 Mercedes, TX.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: 2,400‑square‑foot warehouse; 1.89‑acre parcel; Office space within the building
