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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1201 Baseline Rd Mercedes, TX 78570-2434

960 SF 3.95 ac lot Built 1975
Individually Owned Free & Clear
Property ID
US83-2565305
Property summary
AI-generated overview

Investors, take note! This exceptional 5.19-acre commercial property in Mercedes, Texas, presents a compelling investment opportunity. Located at 1201 Baseline Road, 78570, this expansive lot (21,780 sq ft) currently houses two thriving businesses: a salon and a tire shop/carwash. Adding to the income potential, Watermill is currently leasing services on the property, generating a third revenue stream. The property also includes a house situated on the west side, sold "as is," offering potential for use as headquarters or an additional rental unit. Built in 1960, this property benefits from its strategic location near the Rio Grande Valley Livestock Show Grounds and Mercedes RGV Premium Outlets Shopping Centers, and is adjacent to a new development, suggesting strong future growth potential. The asking price is $398,000, representing a significant opportunity for investors seeking a multi-faceted commercial property with established income and expansion possibilities. This is a price-reduced offering, priced to sell. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Texas market.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1975
Total area 960 SF
Lot 3.95 ac (172,062 SF)
APN C1400-00-080-0008-03
UPID US83-2565305
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Juan A Olivares
Juan A Olivares
4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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