Retail Center with Available
New
For Sale
Contact for pricing
109 Texas Avenue, Mercedes, TX 78570
Two spaces are prepared for tenant occupancy, including a former wireless store and a loan office.
Property Size5,403 SF
Price / SF$0.58
Days on Market2
Property Features for 109 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 1:42AM
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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Investment Insights
Based on property information with market context.
This retail center, built in 1998, has two suites ready for occupancy. The spaces include a second-generation wireless store and a second-generation loan office. The existing tenant roster includes Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe.
The property sits at the signal-controlled junction of Texas Avenue and Business 83, a short distance from IH-2. Nearby retailers and restaurants include H-E-B, Family Dollar, AutoZone, Stars, DQ, and Pizza Hut.
The property sits at the signal-controlled junction of Texas Avenue and Business 83, a short distance from IH-2. Nearby retailers and restaurants include H-E-B, Family Dollar, AutoZone, Stars, DQ, and Pizza Hut.
Key Highlights
- Two suites ready for occupancy
- Available spaces include a former wireless store and a loan office
- Existing tenants include Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe
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 2,334.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.07M
$3.56M – $4.75M
NOI $284,873 @ 7.0% cap · market cap 9,115.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Two spaces are prepared for tenant occupancy, including a former wireless store and a loan office.
Where is this shopping center located?
The property is located at 109 Texas Avenue Mercedes, TX.
What are key features of this property?
This property features: Two suites ready for occupancy; Available spaces include a former wireless store and a loan office; Existing tenants include Dollar Tree, Little Caesar’s, World Finance, Texan Credit, and Papa Joe’s Cafe
