Commercial Land with Existing
For Sale
$349,000
4320 N International Boulevard, Mercedes, TX 78570
A commercially zoned site on International Boulevard includes an existing building for redevelopment.
Property Size4,480 SF
Price / SF$77.90
Days on Market8
Property Features for 4320 N International Boulevard
General Information
Standard status
Active
Size
4,480 SF
Total Parking Spaces
4
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,200
Amenities
Storage
Other
Workshop
Building Details
Building Size
4,480 SF
Year Built
2004
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:05AM
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 JUST REALTY
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.
This commercial property in Mercedes includes a 4,480-square-foot building constructed in 2004. The site is zoned commercial and is being offered in as-is condition, with no repairs planned by the owner.
The property is on International Boulevard in a high-traffic area, near several franchise businesses and developing properties. Its prior use was a tractor and lawnmower repair shop; the existing improvements and commercial zoning provide context for evaluating future plans.
The property is on International Boulevard in a high-traffic area, near several franchise businesses and developing properties. Its prior use was a tractor and lawnmower repair shop; the existing improvements and commercial zoning provide context for evaluating future plans.
Key Highlights
- 4,480‑square‑foot property with a building constructed in 2004
- Commercial zoning
- Located on International Boulevard in a high‑traffic area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,575
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,500
$471.5K
Cap Rate 7%
$336,786
$336.8K
Cap Rate 9%
$261,944
$261.9K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$36.0K $8.04/SF
− Vacancy
−$2.3K −$0.52/SF
EGI
$33.7K $7.52/SF
− OpEx
−$10.1K −$2.26/SF
NOI
$23.6K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,500
Cap Rate 7%
$336,786
Cap Rate 9%
$261,944
Alternative Uses
Best Use
Retail
$864.1K
$756.1K – $1.01M
NOI $60,490 @ 7.0% cap · market cap 17.33%
Second Best
Industrial
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 6.76%
Theoretical Best
Hotel Hospitality
$3.37M
$2.95M – $3.94M
NOI $236,208 @ 7.0% cap · market cap 67.68%
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
38
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Commercial land - A commercially zoned site on International Boulevard includes an existing building for redevelopment.
Where is this commercial land located?
The property is located at 4320 N International Boulevard Mercedes, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 4,480‑square‑foot property with a building constructed in 2004; Commercial zoning; Located on International Boulevard in a high‑traffic area
