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    1 1/2 Mercedes, TX 78570

    For Sale
    $600,000

    Prime Texas land, 1.7M+ sq ft, irrigated.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This expansive 1,742,400 square foot commercial and industrial land parcel presents a remarkable investment opportunity in Mercedes, Texas. Located at Mile 1 1/2 East in Hidalgo County, zip code 78570 (latitude 26.196218, longitude -97.885751), this property is currently utilized for agricultural purposes, boasting thriving crops of corn, grain, and cotton. The land benefits from an existing irrigation system, significantly enhancing its versatility and potential for future development. Its substantial size makes it ideally suited for sub-development projects, catering to a wide range of commercial and industrial uses. The asking price for this exceptional property is $600,000. Given its size, location, and existing infrastructure, this land offers significant upside for investors seeking a prime location in a growing Texas market. The property's agricultural history demonstrates its fertile nature and suitability for various uses, making it an attractive proposition for both short-term and long-term investment strategies. Serious inquiries are encouraged.

    Property Features for 1 1/2

    General Information

    Property type
    Land

    HighLights

    • $600,000 asking price.
    • 1,742,400 square foot land parcel.
    • Located in Mercedes, Hidalgo County, Texas (zip code 78570).
    • Currently used for growing corn, grain, and cotton; irrigated.
    • Suitable for sub‑development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.885751
    Latitude
    26.196218

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    FAQs

    What type of property is this?
    Land - Prime Texas land, 1.7M+ sq ft, irrigated.
    Where is this land located?
    The property is located at 1 1/2 Mercedes, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 1,742,400 square foot land parcel.; Located in Mercedes, Hidalgo County, Texas (zip code 78570).
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    1 1/2 Mercedes, TX 78570
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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
    1 1/2 Mercedes, TX 78570
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