00 W Mile 2 Mercedes, TX 78570
2,400 SF warehouse on 1.89 acres, ideal for business.
- Added:
- Sep 5, 2024
- Days on Market:
- 678
- Last Refresh:
- May 12 at 10:00 pm
Property Features for 00 W Mile 2
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 1.89 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 2021
Listing office Pinnacle Realty Advisors
Listing date Sep 5, 2024
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- 2,400 sq ft warehouse space
- Situated on 1.89 acres of land
- Functional office space included
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $8.04 |
| − Vacancy | −$1.3k | −$0.52 |
| EGI | $18.0k | $7.52 |
| − OpEx | −$2.7k | −$1.13 |
| NOI | $15.3k | $6.39 |
