Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2503 Fm 491 Mercedes, TX 78570

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3652325
    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 2503 Fm 491

    Property type
    Commercial real estate

    Description

    This exceptional 0.5-acre residential lot, located at 2503 N Fm 491 in Mercedes, Texas, presents a unique opportunity for homebuyers seeking to build their dream home within city limits. The property boasts a generous 21,780 square feet of land, providing ample space for a spacious residence and landscaping. Situated in Hidalgo County, with a 78570 zip code, this lot offers convenient access to local amenities and services. The property's location at latitude 26.1785135 and longitude -97.910846 provides easy navigation and identification. This is a remarkable chance to acquire a sizable parcel of land in a desirable Texas community. The asking price for this prime residential lot is $88,000, representing excellent value for its size and location within the city of Mercedes. Don't miss this opportunity to secure your future in a thriving Texas town. The property is classified as residential land and is ready for immediate development. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property and its suitability for their intended use. This is a truly exceptional opportunity to build your dream home in a convenient and desirable location.

    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
    -97.910846
    Latitude
    26.1785135

    Comparable in this City

    • $300,000
      12.15 Acres

      Mercedes Farm & Residential Land

      12 Acres, $300K - Excellent Potential
      00 Mile 3 Rd, La Feria, TX 78570
      View Details
    • $243,756
      6.66 Acres

      Mercedes, TX Multifamily Farm Land

      6.66 Acres, Multi-Use Potential, Motivated Seller
      00 1/2, Mercedes, TX 78570
      View Details
    • $600,000
      40.00 Acres

      Prime 40-Acre Texas Farmland

      Irrigated farmland, ideal for development.
      Mercedes, TX 78570
      View Details
    • $89,000

      Weslaco Multifamily Land Investment

      Fourplex Lots, Prime Weslaco Location
      00 Brown St, Mercedes, TX 78570
      View Details
    • $2,200,000
      136.00 Acres

      Mercedes, TX Development Land

      136 Acres, Prime Residential Site
      0 Capisallo Rd, Mercedes, TX 78570
      View Details
    • $135,000
      4.93 Acres

      Mercedes Ranch Land: 4.93 Acres

      Prime Texas farmland, residential potential.
      0 Mile Mile 1 Rd, Mercedes, TX 78570
      View Details

    Similar Nearby for Sale

    • $200,000
      10.00 Acres

      10-Acre Texas Farm & Residential Land

      Prime 10-acre tract, ideal for home or farm.
      2 1/2 St, Mercedes, TX 78570
      View Details
    • $175,000
      10.01 Acres

      10 Acres in South Mercedes, TX

      Prime Residential Land - 10 Acres
      5394 Mile 1, Mercedes, TX 78570
      View Details
    • $135,000
      4.93 Acres

      Mercedes Ranch Land: 4.93 Acres

      Prime Texas farmland, residential potential.
      0 Mile Mile 1 Rd, Mercedes, TX 78570
      View Details
    • $243,756
      6.66 Acres

      Mercedes, TX Multifamily Farm Land

      6.66 Acres, Multi-Use Potential, Motivated Seller
      00 1/2, Mercedes, TX 78570
      View Details
    • $600,000
      40.00 Acres

      Prime 40-Acre Texas Farmland

      Irrigated farmland, ideal for development.
      Mercedes, TX 78570
      View Details
    • $300,000
      12.15 Acres

      Mercedes Farm & Residential Land

      12 Acres, $300K - Excellent Potential
      00 Mile 3 Rd, La Feria, TX 78570
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      1,734 SF

      Mercedes Commercial Land Opportunity

      4.21 Acres, Event Center Potential
      3720 Judge Beto Garza Dr, Mercedes, TX 78570
      View Details
    • $9 SF/Yr
      1,240 SF

      Prime Mercedes Commercial Land

      Texas Commercial Lot - 3,324 sq ft
      423 3Rd St, Mercedes, TX 78570
      View Details
    • $13 SF/Yr
      965 SF

      Mercedes Commercial Land Opportunity

      Prime Texas land, 10 parking spaces.
      144 Texas Ave, Mercedes, TX 78570
      View Details
    • $15 SF/Yr
      25,388 SF

      Mercedes Plaza Executive Office Space

      Prime Mercedes, TX Office/Restaurant Space
      109 Texas Ave, Mercedes, TX 78570
      View Details
    • $15 SF/Yr
      5,403 SF

      Retail Plaza in Mercedes, TX

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

      Retail Plaza in Mercedes, Texas

      25,388 SF plaza with diverse tenant mix, prime location.
      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.
    2503 Fm 491
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.