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    028 Mile 4 Mercedes, TX 78599

    For Sale
    $900,000

    28.3 Acres, Prime Weslaco Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 28.3-acre property in Weslaco, Texas, presents a compelling investment opportunity. Zoned for commercial, residential, and multifamily development, this versatile land offers significant potential for various projects. Located at 028 N Mile 4 West Road, the property boasts convenient access to Expressway 83, placing it within minutes of major retailers like Walmart, HEB, and Academy, as well as N Bridge Ave and Mid Valley Airport. The asking price is $900,000, representing a below-market price per acre. The land's current use includes agricultural leasing, but its zoning allows for subdivision development, creating smaller, more valuable tracts. Alternatively, the property could be maintained as a ranch or developed into a single large-scale project. A survey is available for review. The seller is open to selling partial tracts of 10, 8, or 10 acres, with a price adjustment. A site visit reveals a desirable elevation, clean condition, and a picturesque frontage featuring mature trees and lush landscaping, remnants of a previous manufactured home. This property's prime location, flexible zoning, and attractive price point make it an ideal investment for discerning buyers seeking high-return potential in a rapidly growing area. The property is situated in Hidalgo County, Texas, with a zip code of 78599.

    Property Features for 028 Mile 4

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,232,748 SF

    HighLights

    • 28.3‑acre commercial, residential, and multifamily zoned land in Weslaco, TX.
    • Prime location near Expressway 83, Walmart, HEB, and Academy.
    • $900,000 asking price; below‑market price per acre.
    • Flexible development options: subdivision, single large‑scale project, or continued agricultural use.
    • Seller open to selling partial tracts (10, 8, or 10 acres).
    • Desirable elevation, clean condition, and attractive frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9754762
    Latitude
    26.2085185

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    FAQs

    What type of property is this?
    Multifamily property - 28.3 Acres, Prime Weslaco Location
    Where is this multifamily property located?
    The property is located at 028 Mile 4 Mercedes, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 28.3-acre commercial, residential, and multifamily zoned land in Weslaco, TX.; Prime location near Expressway 83, Walmart, HEB, and Academy.; $900,000 asking price; below-market price per acre.
    Request Owner's contact information
    028 Mile 4 Mercedes, TX 78599
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    Realmo Value Estimation

    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.

    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.

    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
    028 Mile 4 Mercedes, TX 78599
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