Multi-Tenant Retail
New
For Sale
Contact for pricing
103 Texas Avenue, Mercedes, TX 78570
Two move-in-ready suites include second-generation wireless retail and loan office configurations.
Property Size5,403 SF
Price / SF$0.00
Days on Market2
Property Features for 103 Texas Avenue
General Information
Standard status
Active
Size
5,403 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1998
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:45AM
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 SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 25,388-SF retail center was built in 1998 and has a tenant mix that includes Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe. Two move-in-ready suites are configured for second-generation wireless retail and loan office use.
The property sits at the signalized intersection of Texas Avenue and Business 83, a short distance from IH-2. Nearby retailers include H-E-B, Family Dollar, and AutoZone, with Stars, DQ, and Pizza Hut also in the surrounding area.
The property sits at the signalized intersection of Texas Avenue and Business 83, a short distance from IH-2. Nearby retailers include H-E-B, Family Dollar, and AutoZone, with Stars, DQ, and Pizza Hut also in the surrounding area.
Key Highlights
- 25,388‑SF retail center built in 1998
- Current tenants include Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe
- Two move‑in‑ready suites: second‑generation wireless retail and loan office configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,952
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,040
$1.5M
Cap Rate 7%
$1,042,171
$1.0M
Cap Rate 9%
$810,578
$810.6K
Market Conditions
NOI Build-Up for 5,403 SF
Gross rent
$110.9K $20.52/SF
− Vacancy
−$6.7K −$1.23/SF
EGI
$104.2K $19.29/SF
− OpEx
−$31.3K −$5.79/SF
NOI
$73.0K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,040
Cap Rate 7%
$1,042,171
Cap Rate 9%
$810,578
Alternative Uses
Best Use
Retail
$1.04M
$911.9K – $1.22M
NOI $72,952 @ 7.0% cap · market cap 405,288.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.07M
$3.56M – $4.75M
NOI $284,873 @ 7.0% cap · market cap 1,582,627.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Under-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 Retail in South region
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 209 N Texas Ave, Mercedes, TX 78570
- Coinstar Kiosk | Bitcoin ATM — H.E.B, 209 N Texas Ave, Mercedes, TX 78570, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Two move-in-ready suites include second-generation wireless retail and loan office configurations.
Where is this shopping center located?
The property is located at 103 Texas Avenue Mercedes, TX.
What are key features of this property?
This property features: 25,388‑SF retail center built in 1998; Current tenants include Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe; Two move‑in‑ready suites: second‑generation wireless retail and loan office configurations
