2 Rd & Mile 9 Rd Mercedes, TX 78570
This exceptional 39 +/- acre property in Mercedes, Texas, presents a unique investment opportunity. Ideally situated just 1.8 miles north of Interstate 69 and the Rio Grande Valley Premium Outlets, this land offers convenient access to major transportation routes and retail amenities. The property is currently leased as farmland, demonstrating its inherent agricultural value. Half of the acreage is dedicated to irrigated farmland, while the other half consists of irrigated pasture, ensuring consistent productivity. An irrigation canal conveniently bisects the property, providing efficient water management. Utilities, including water and electricity, are readily available. This versatile land is suitable for various agricultural uses and offers significant potential for development. Furthermore, there's an opportunity to expand your holdings significantly. This property can be combined with adjacent properties currently for sale, resulting in a total of approximately 89 gross acres. This presents a compelling opportunity to acquire a substantial land parcel in a thriving location. The combination of its agricultural potential, strategic location, and expansion possibilities makes this a truly remarkable investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.