Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    520 W 3rd Street Mercedes, TX 78570

    View on Map
    Picture of Medical Office Space at 520 W 3rd Street, Mercedes, TX
    For Sale
    $89,000

    2,324 Medical Building For Sale

    Property size:
    2,324 SF
    Price / SF:
    $38/SF
    Added:
    Apr 10, 2025
    Days on Market:
    380
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 520 W 3rd Street

    General Information

    Standard status
    Active
    Property type
    Medical Office Space, Office buildings, Other investment properties, Office properties & Spaces, Investment properties
    Size
    2,324 SF
    Net Rentable
    2,324 SF
    Elevators
    N/A

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Michael Pacheco

    Listing agent Michael

    Listing office Coldwell Banker Commercial Rio Grande Valley

    Listing date Apr 10, 2025

    Overview

    2,324 SF Medical Building

    This 2,324 square foot building, located at 520 West 3rd Street in Mercedes, Texas, was formerly utilized as a medical office. The property offers a flexible layout suitable for healthcare services, general office use, or other commercial operations.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.91
    Latitude
    26.1456

    Nearby Similar for Sale

    • $329,900
      20,016 SF

      Versatile Commercial Building in Mercedes, TX

      20,016 sqft commercial building suitable for diverse enterprises.
      100 E 2nd Street, Mercedes, TX 78570
      View Details
    • $420,000
      4,050 SF

      New Fourplex Near Expressway

      Modern fourplex with private yards, appliances, and carport spaces.
      802 E Starr Street, Mercedes, TX 78570
      View Details
    • $420,000
      4,050 SF

      New Fourplex Near Expressway

      New fourplex near expressway with modern amenities and private backyards.
      807 E Starr Street, Mercedes, TX 78570
      View Details
    • $399,900
      3,132 SF

      Mercedes Fourplex Investment Opportunity

      Fourplex in prime location with modern interiors and private backyards.
      1046 Hidalgo Street, Mercedes, TX 78570
      View Details
    • $520,000
      8,569 SF

      Commercial Property in Mercedes, TX

      Commercial property suitable for retail, restaurant, or office use.
      1020 N Baseline Road, Mercedes, TX 78570
      View Details
    • $259,900
      1,920 SF

      Modern Duplex Built in 2020

      Well-maintained duplex with strong rental appeal, ideal for investors.
      326 N Virginia Avenue, Mercedes, TX 78570
      View Details
    • $375,000
      2,240 SF

      Multi-Use Property in Mercedes, Texas

      9-unit multi-family with two commercial storefronts in Mercedes, TX.
      136 North Texas Avenue, Mercedes, TX 78570
      View Details
    • $259,900
      1,920 SF

      Modern Duplex Built in 2020

      Well-maintained duplex with strong rental appeal, built in 2020.
      326 N VIRGINIA AVE., MERCEDES, TX 78570
      View Details
    • $195,000
      3,420 SF

      Well-Maintained Duplex in Mercedes, TX

      Duplex with upgrades, reliable tenants, and immediate rental income.
      760 FLORIDA ST, MERCEDES, TX 78570
      View Details
    • $399,900
      3,132 SF

      Mercedes Fourplex Investment Opportunity

      Fourplex in Mercedes, TX with modern interiors and private backyards.
      1046 HIDALGO ST., MERCEDES, TX 78570
      View Details
    • Contact for pricing
      3,362 SF

      Mercedes Stand-Alone Commercial Building

      Stand-alone building in central Mercedes, suitable for various professional practices.
      321 South Virginia Avenue, Mercedes, TX, 78570
      View Details
    • $74,000

      Luxury RV Lot with Casita

      RV lot with casita in a premier 55+ resort.
      2070 E CORDOBA lot: 2070, MERCEDES, TX 78570
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 2,324 Medical Building For Sale
    Where is this medical office space located?
    The property is located at 520 W 3rd Street Mercedes, TX.
    What is the asking price?
    The asking price for this property is $89,000.
    (956) 739-5172
    We can help!
    Listing Contact
    Michael Pacheco
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!