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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
308 Industrial Park Mercedes, TX 78570-4300
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-2674032
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
11,275 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CO
APN
M3530-00-000-0008-00
UPID
US82-2674032
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$555k
Owner & transaction history
Mendizabal Group LLC · 10 yrs held
Mendizabal Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
CO · Mercedes, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$890,000
+54.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mercedes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercedes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,305
Tax year 2022
Assessed value
$473,112
Assessed 2023
Previous assessed
$473,112
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$76,230
Assessed improvement
$396,882
Land market value
$76,230
Improvement market value
$396,882
Total market value
$473,112
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
16
Bathrooms
2
Total area
11,275 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CO
APN
M3530-00-000-0008-00
UPID
US82-2674032
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Mercedes, TX
Zoning CO · permitted uses
CO · Mercedes, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mercedes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Mendizabal Group LLC
Entity
Free & Clear · 10 yrs held
Mailing address
308 INDUSTRIAL PARK, MERCEDES, TX 78570-4300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2015
—
Mendizabal Group LLC
S-u-nik Investments LLC
Warranty Deed
—
Aug 28, 2013
—
S-u-nik Investments LLC
Us Of America
Quit Claim Deed
related
—
Jan 3, 2013
$79,000
Adelante Holdings Ltd
Falcon Sandra G
Trustees Deed
related
—
Jun 7, 2005
—
Texas Convenience Supply South
—
Trustees Deed
related
$110,000 · Texas State Bank
Nov 16, 2004
—
Texas Convenience Supply South
—
Trustees Deed
related
$110,000 · Texas State Bank
Feb 24, 2004
—
Texas Convenience Supply South
—
Trustees Deed
related
$110,000 · Texas State Bank Mcallen
—
—
S-u-nik Investments LLC
—
Deed Of Trust
related
$249,500 · Inter National Bank
—
—
Texas Convenience Supply South
—
Deed Of Trust
related
$252,000 · Texas State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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