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    Mercedes, TX 78570

    For Sale
    $600,000

    Irrigated farmland, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 40-acre property in Mercedes, Texas, presents a unique investment opportunity. Located at 0 N Mile 1 1/2 E, Hidalgo County, zip code 78570 (latitude 26.1612422, longitude -97.8860382), this versatile land boasts current agricultural use, featuring thriving crops of corn, grain, and cotton. The existing irrigation system ensures consistent productivity, making it an attractive option for continued farming operations. However, its zoning allows for sub-development, opening doors to a range of potential uses. The substantial lot size offers ample space for various projects, from residential subdivisions to commercial ventures. This property is strategically located in Mercedes, TX, offering easy access to local amenities and transportation routes. The asking price is $600,000. Serious inquiries are encouraged to explore the full potential of this remarkable land parcel. The property is classified as Farm, Residential, and Commercial land.

    Property Features for 0

    General Information

    Property type
    Farms
    Lot Size
    1,742,400 SF

    HighLights

    • $600,000 asking price.
    • 40‑acre 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
    -97.8860382
    Latitude
    26.1612422

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    FAQs

    What type of property is this?
    Farm - Irrigated farmland, ideal for development.
    Where is this farm located?
    The property is located at 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.; 40-acre land parcel.; Located in Mercedes, Hidalgo County, Texas (zip code 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
    Mercedes, TX 78570
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