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Property profile & analytics
OFF-MARKET
Land

Mercedes, TX 78570

61.74 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 61.74-acre commercial land parcel presents a unique investment opportunity in Mercedes, Texas. Currently zoned for agricultural use and leased for farming, this property offers significant potential for diverse development projects. Its strategic location in Hidalgo County, just 21 miles southeast of McAllen, provides easy access to major transportation arteries, including Expressway 83 and Interstate 2. The high-traffic location boasts proximity to key regional attractions such as the Rio Grande Valley Premium Outlets and the Rio Grande Valley Livestock Grounds, ensuring high visibility and accessibility. The property is subject to a survey. The current tax value reflects its agricultural use. This expansive tract is ideal for developers seeking a prime location for various commercial ventures, capitalizing on the area's growth and strong economic activity. Serious inquiries are encouraged to explore the possibilities of this substantial land holding. The asking price is $1,450,000.

Property profile
Verified
Property type Land
Lot 61.74 ac (2,689,394 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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