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Property profile & analytics
OFF-MARKET
Office buildings

423 3rd St Mercedes, TX 78570-3131

1,240 SF 0.08 ac lot Built 1980
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US82-2847807
Property summary
AI-generated overview

This exceptional 3,324 square foot commercial land parcel in Mercedes, Texas, presents a unique opportunity for business owners. Located at 423 W 3rd Street, this single-tenant property offers a versatile space ideal for a variety of uses. The zoning is classified as "C," allowing for diverse commercial applications. The property features a standalone building with approximately 1,240 square feet of interior space, perfect for a small business looking to establish a presence in a thriving community. With three convenient entry points and full air conditioning, the building is ready for immediate occupancy. The property includes two parking spaces, providing ample parking for customers and employees. The property's convenient location near Texas Avenue and 3rd Street ensures high visibility and accessibility. This is an excellent opportunity to acquire a well-situated commercial property in a growing Texas market. The lot size is precisely 3,324.064 square feet, and the property's APN is M355000010000015. This property is zoned for commercial use and is ready for your business to thrive. The single-tenant structure offers a unique opportunity for a business to establish a strong foothold in the Mercedes community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 1,240 SF
Lot 0.08 ac (3,324 SF)
APN M3550-00-010-0000-15
UPID US82-2847807
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
Jaime Eduardo Perez · 2 yrs held
Jaime Eduardo Perez
since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2018
Price N/A
2016
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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