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Property profile & analytics
OFF-MARKET
Land

105 Royal Palm Dr Mercedes, TX 78570

Property ID
Property summary
AI-generated overview

Exceptional investment opportunity awaits in Mercedes, Texas, with this 10,139.897 square foot lot ideally situated for multifamily development. Priced at $99,000, this property presents a rare chance to capitalize on a high-demand location. Located at 105 E Royal Palm Drive E, 78570, this land is part of the Summer Breeze Fourplex subdivision, offering significant advantages. Its proximity to major roadways, including Expressway 2, ensures easy access for residents. Furthermore, the property benefits from its strategic placement directly across from the Rio Grande Valley Livestock Show Grounds and within a 5-minute radius of both Mercedes' downtown area and the Rio Grande Valley Premium Outlets. This prime location offers future residents convenient access to shopping, entertainment, and employment opportunities. The subdivision itself is planned to include community amenities such as picnic areas, enhancing the overall appeal and livability of the development. Importantly, this land is situated in a non-flooding zone, providing added security and peace of mind for both developers and future residents. Don't miss this chance to build in a thriving Texas community. This is a unique opportunity to develop in a highly desirable, rapidly growing area.

Property profile
Verified
Property type Land
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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