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

    2115 Mile 3 Mercedes, TX 78570

    • Commercial real estate
    • 9.78 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3765501
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2115 Mile 3

    Lot size
    9.78 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.78-acre parcel of land is situated at 2115 Mile 3 N in Mercedes, Texas, within Hidalgo County, zip code 78570. Offered at $275,000, this property presents a compelling investment opportunity for a variety of uses. Its expansive size allows for considerable flexibility in development plans. The location offers convenient access, being just minutes from the Progreso International Bridge, a key transportation artery. This strategic positioning makes it particularly attractive for industrial development projects needing efficient logistics. However, the land's versatility extends beyond industrial applications. Agricultural pursuits are equally viable, given the ample space available for cultivation or livestock. Recreational projects are also a possibility, capitalizing on the area's potential for outdoor activities. The property's location within the growing city of Mercedes, Texas, further enhances its long-term value and potential for appreciation. Serious inquiries are encouraged to explore the full potential of this significant landholding. The latitude and longitude coordinates are 26.0989632 and -97.8787222 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.8787222
    Latitude
    26.0989632

    Comparable in this City

    • $390,000

      Prime Mercedes Commercial Land

      .57-Acre Corner Lot, High Visibility
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    • $243,756
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      Mercedes, TX Land - 6.66 Acres

      Prime 6.66-acre tract, ideal for development.
      Mercedes, TX 78570
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    • $243,756
      6.66 Acres

      Mercedes, TX Land - 6.66 Acres

      Prime 6.66-acre tract, ideal for development.
      Mercedes, TX 78570
      View Details
    • $975,000
      0.53 Acres

      Mercedes Corner Commercial Land

      High-traffic corner lot, prime location.
      540 Texas Ave, Mercedes, TX 78570
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    • $95,000

      Mercedes Commercial Land Opportunity

      Prime 20,822 sq ft lot in Texas.
      0 Dacota Ave, Mercedes, TX 78570
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    • $99,999
      1.01 Acres

      Residential Lot in Hidalgo County

      One-acre lot in Mercedes, TX, ready for your dream home.
      4811 Mile 1 1/2, Thayer, TX 78570
      View Details

    Similar Nearby for Sale

    • $390,000

      Prime Mercedes Commercial Land

      .57-Acre Corner Lot, High Visibility
      0 2Nd St, Mercedes, TX 78570
      View Details
    • $243,756
      6.66 Acres

      Mercedes, TX Land - 6.66 Acres

      Prime 6.66-acre tract, ideal for development.
      Mercedes, TX 78570
      View Details
    • $243,756
      6.66 Acres

      Mercedes, TX Land - 6.66 Acres

      Prime 6.66-acre tract, ideal for development.
      Mercedes, TX 78570
      View Details
    • $975,000
      0.53 Acres

      Mercedes Corner Commercial Land

      High-traffic corner lot, prime location.
      540 Texas Ave, Mercedes, TX 78570
      View Details
    • $95,000

      Mercedes Commercial Land Opportunity

      Prime 20,822 sq ft lot in Texas.
      0 Dacota Ave, Mercedes, TX 78570
      View Details
    • $99,999
      1.01 Acres

      Residential Lot in Hidalgo County

      One-acre lot in Mercedes, TX, ready for your dream home.
      4811 Mile 1 1/2, Thayer, TX 78570
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      1,734 SF

      Mercedes Commercial Land Opportunity

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      3720 Judge Beto Garza Dr, Mercedes, TX 78570
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    • $9 SF/Yr
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      Prime Mercedes Commercial Land

      Texas Commercial Lot - 3,324 sq ft
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    • $13 SF/Yr
      965 SF

      Mercedes Commercial Land Opportunity

      Prime Texas land, 10 parking spaces.
      144 Texas Ave, Mercedes, TX 78570
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    • $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
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    • $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
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    • $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
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    2115 Mile 3
    Mercedes, TX 78570
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    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
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