Commercial Real Estate Market in Mercedes, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
138 active listings and 840 off-market properties in Mercedes, TX. Commercial property asks $141/SF to buy and $11.92/SF/Yr to lease.
Market Trends
Mercedes, TX spans 75.2 square miles in Hidalgo County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Mercedes, TX asks $195/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Mercedes, TX asks $164/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mercedes, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Mercedes, TX asks $111/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 15.4%
- Civic 12.9%
- Residential 10.8%
- Industrial 8.5%
Largest Zones share of zoned land by district
Newly Annexed
Business
Two Family Residence
Residential Mobile Home
Single Family Residence
Newly Annexed (N)
Class “N” District shall include newly annexed territory until such time as it is zoned by the city planning and zoning commission and city commission. Until such zoning, newly annexed territory shall be subject to all the rules, regulations and restrictions herein provided with respect to Class “A” Single-Family Residence Districts. (b) Home occupations are…
Market overview
Demographics & Economy
Mercedes, TX has 32,950 residents in 10,701 households. Density runs 438 people per square mile. Median household income here is $39,890 and median gross rent $686 a month.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Thayer | $141 (county avg) | — |
| Relampago | $141 (county avg) | — |
| Heidelberg | $141 (county avg) | — |
| Weslaco | $141 (county avg) | $19.49 |
Commercial property in Mercedes, TX asks $141/SF. The 4 bordering markets run from $141/SF in Thayer to $141/SF in Thayer, and the city sits in line with their $141/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mercedes?
Commercial property in Mercedes, TX asks an average of $141 per square foot. Office carries the highest asking price at $195/SF.
How much does it cost to lease commercial space in Mercedes?
Asking lease rates in Mercedes, TX average $11.92 per square foot per year.
How does Mercedes compare to nearby markets on price?
Mercedes, TX asks $141/SF against $141/SF in Thayer, $141/SF in Relampago, $141/SF in Heidelberg and $141/SF in Weslaco.
Where does Realmo's Mercedes market data come from?
Realmo compiles Mercedes, TX figures from 129 active sale listings, 9 active lease listings, 840 tracked off-market properties, the current Mercedes zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 129 active for-sale and 9 active for-lease listings in Mercedes, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,492 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
