Office Units with Covered
New
For Sale
Contact for pricing
249 S Vermont Avenue, Mercedes, TX 78570
Water, electricity, and trash service are included, with parking available at both building entrances.
Property Size200 SF
Price / SF$2.50
Days on Market4
Property Features for 249 S Vermont Avenue
General Information
Standard status
Active
Size
200 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
shared break area
covered porches
Building Details
Year Built
1973
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:47AM
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.
Office units at 249 S Vermont Avenue in Mercedes include access to a shared break area and covered porches at the front and rear of the building. Parking is available on both sides, and water, electricity, and trash service are included with the lease. The building dates to 1973.
Key Highlights
- Covered porches at the front and rear of the building
- Water, electricity, and trash service included with the lease
- Parking available at the front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,345
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,900
$66.9K
Cap Rate 7%
$47,786
$47.8K
Cap Rate 9%
$37,167
$37.2K
Market Conditions
NOI Build-Up for 200 SF
Gross rent
$6.1K $30.72/SF
− Vacancy
−$1.7K −$8.42/SF
EGI
$4.5K $22.30/SF
− OpEx
−$1.1K −$5.58/SF
NOI
$3.3K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,900
Cap Rate 7%
$47,786
Cap Rate 9%
$37,167
Alternative Uses
Best Use
Office B
$47.8K
$41.8K – $55.8K
NOI $3,345 @ 7.0% cap · market cap 669.00%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$150.6K
$131.8K – $175.8K
NOI $10,545 @ 7.0% cap · market cap 2,109.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Water, electricity, and trash service are included, with parking available at both building entrances.
Where is this office unit located?
The property is located at 249 S Vermont Avenue Mercedes, TX.
What are key features of this property?
This property features: Covered porches at the front and rear of the building; Water, electricity, and trash service included with the lease; Parking available at the front and rear
