Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    102 Texas Ave Mercedes, TX 78570

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Texas Ave Mercedes, TX 78570

    View on Map
    • Commercial real estate
    • 5,542 SF
    • 0.18 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 102 Texas Ave

    Year built
    1975
    Lot size
    0.18 lot acres
    Property size
    5,542 SF
    Property type
    Commercial real estate

    Description

    This exceptional 5,542 square foot commercial building presents a remarkable investment opportunity in the vibrant heart of Mercedes, Texas. Situated on a prominent corner lot spanning 0.18 acres, this property boasts a highly desirable vintage facade, adding to its unique charm and appeal. Currently configured as retail spaces, this building offers significant income-generating potential for savvy investors. The prime downtown location ensures high visibility and accessibility, placing your business in the midst of bustling activity. While the building benefits from its existing structure, some renovations and tender loving care would allow for customization to perfectly suit a variety of business needs. The possibilities are truly endless, making this a versatile investment with strong potential for significant returns. The asking price is $315,000. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas town. Don't miss this chance to secure a piece of Mercedes' vibrant commercial landscape. The property's size and location make it ideal for a variety of uses, offering a strong foundation for future growth and profitability. Act quickly to capitalize on this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9136
    Latitude
    26.1516

    Comparable in this City

    • Value Estimation by Request
      136.00 Acres

      Capisallo Rd

      Farms • 136.00 Acres
      0 Capisallo Rd, Mercedes, TX 78570
      View Details
    • Value Estimation by Request
      1.32 Acres

      305 Vogel Dr

      Land • 1.32 Acres
      305 Vogel Dr, Mercedes, TX 78570
      View Details
    • Value Estimation by Request
      4,800 SF

      7212 Fm 1015

      Commercial real estate • 4,800 SF
      7212 Fm 1015, Mercedes, TX 78570
      View Details
    • Value Estimation by Request
      1.79 Acres

      11th Mi 3rd 3

      COMMERCIAL (GENERAL) • 1.79 Acres
      11th Mi 3rd 3, Mercedes, TX 78570
      View Details
    • Value Estimation by Request
      1.68 Acres

      301 Jose Cantu Rd

      COMMERCIAL (GENERAL) • 1.68 Acres
      301 Jose Cantu Rd, Mercedes, TX 78570-4706
      View Details
    • Value Estimation by Request
      9.66 Acres

      Maryland Ave

      COMMERCIAL (GENERAL) • 9.66 Acres
      Maryland Ave, Mercedes, TX 78570
      View Details

    Similar Nearby for Sale

    • $152,500
      720 SF

      Mercedes Drive-Thru Restaurant Opportunity

      Prime location, remodeled, fully equipped. Great investment!
      161 Vermont Ave, Mercedes, TX 78570
      View Details
    • $300,000
      2,040 SF

      1237 2Nd St, Mercedes, TX 78570

      Commercial real estate • 2,040 SF
      1237 2Nd St, Mercedes, TX 78570
      View Details
    • $1,650,000
      1,188 SF

      Mercedes Commercial Property: Prime Location

      High-Visibility Commercial Building, 4.33 Acres
      805 Dawson Rd, Mercedes, TX 78570
      View Details
    • $2,000,000
      15.06 Acres

      Mercedes, TX Commercial Land

      Prime I-2 & Dawson Rd Frontage
      83 Fwy Fwy, Mercedes, TX 78570
      View Details
    • $310,000
      4,800 SF

      Mercedes Commercial Property - Huge Potential

      Charming church, versatile space, prime location.
      7212 Fm 1015, Mercedes, TX 78570
      View Details
    • $335,000
      3,120 SF

      5413 Mile 12 1/2, Mercedes, TX 78570

      Commercial real estate • 3,120 SF
      5413 Mile 12 1/2, Mercedes, TX 78570
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5,403 SF

      Retail Plaza in Mercedes, Texas

      25,388 SF plaza with diverse tenant mix available for lease.
      103 Texas Ave, Mercedes, TX 78570
      View Details
    • Contact for pricing
      11,191 SF

      Regional Power Center Retail Space

      Retail space in high-traffic regional power center.
      6001 Expressway 83 E, Mercedes, TX 78570
      View Details
    • $650 /Mo
      2,240 SF

      Prime Retail/Office Space Available

      Centrally located retail/office space in Mercedes, TX.
      136 N Texas Ave, Mercedes, TX 78570
      View Details
    • $15 SF/Yr
      1,388 SF

      Retail Space at Signalized Corner

      25,388 SF retail building with high visibility and access.
      425 2Nd St, Mercedes, TX 78570
      View Details
    • $15 SF/Yr
      5,403 SF

      Retail Plaza in Mercedes, Texas

      25,388 SF plaza near IH-2 with diverse tenant mix.
      109 Texas Ave, Mercedes, TX 78570
      View Details
    • $15 SF/Yr
      5,403 SF

      Retail Plaza in Mercedes, TX

      25,388 SF plaza with diverse tenant mix available for lease.
      109 Texas Ave, Mercedes, TX 78570
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Texas Ave
    Mercedes, TX 78570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    102 Texas Ave, Mercedes, TX, 78570

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!