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    7212 Fm 1015 Mercedes, TX 78570

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    7212 Fm 1015 Mercedes, TX 78570

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    • Commercial real estate
    • 4,800 SF
    For Sale
    $310,000
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    Mercedes Commercial Property - Huge Potential For Sale
    $310,000
    4,800 SF

    Mercedes Commercial Property - Huge Potential

    Charming church, versatile space, prime location.

    Thayer, TX 78570
    View Listing
    Property ID
    US82-5329782
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7212 Fm 1015

    Year built
    2008
    Property size
    4,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional 8,397 square foot commercial land parcel, located at 7212 N Fm 1015 in Mercedes, Texas, presents a unique investment opportunity. The property, built in 2008, boasts a total area of 8,397.93 square feet and is conveniently situated on a corner lot just off Highway 1015, offering excellent visibility and accessibility. Currently improved with a 4,800 square foot building, previously used as a church, the property offers significant potential for a variety of commercial uses. The building features a spacious downstairs sanctuary and upstairs classrooms, providing ample room for diverse business operations. The adaptable layout allows for customization to suit various needs, making it an ideal location for entrepreneurs and investors seeking a versatile commercial space. The property's prime location in Hidalgo County, Texas, with a zip code of 78570, offers easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-located commercial property with significant potential for growth and return on investment. The asking price is $310,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9594539
    Latitude
    26.23093

    Comparable in this City

    • $999,800
      0.80 Acres

      Commercial Property Near Railroad Tracks

      Versatile commercial property ideal for logistics-focused businesses and grain operations.
      117 E 2Nd St, Mercedes, TX 78570
      View Details
    • Contact for pricing

      Prime Corner Site on Expressway

      High-traffic corner lot at a major intersection.
      540 N Texas Ave, Mercedes, TX 78570
      View Details
    • $41,900
      0.20 Acres

      Residential Lots in Valley Ranch

      Residential lots available in Mercedes, close to Rio Grande Valley.
      Karianna Dr, Mercedes, TX 78570
      View Details
    • $41,900
      0.20 Acres

      Residential Lot in Valley Ranch

      Residential lot available in Mercedes's Valley Ranch Estates Ph 2.
      Alyssa Dr, Mercedes, TX 78570
      View Details

    Similar Nearby for Sale

    • $999,800
      0.80 Acres

      Commercial Property Near Railroad Tracks

      Versatile commercial property ideal for logistics-focused businesses and grain operations.
      117 E 2Nd St, Mercedes, TX 78570
      View Details
    • Contact for pricing

      Prime Corner Site on Expressway

      High-traffic corner lot at a major intersection.
      540 N Texas Ave, Mercedes, TX 78570
      View Details
    • $41,900
      0.20 Acres

      Residential Lots in Valley Ranch

      Residential lots available in Mercedes, close to Rio Grande Valley.
      Karianna Dr, Mercedes, TX 78570
      View Details
    • $41,900
      0.20 Acres

      Residential Lot in Valley Ranch

      Residential lot available in Mercedes's Valley Ranch Estates Ph 2.
      Alyssa Dr, Mercedes, TX 78570
      View Details

    Similar Nearby for Lease

    • $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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    • Contact for pricing
      11,191 SF

      Regional Power Center Retail Space

      Retail space in high-traffic regional power center.
      6001 Expressway 83 E, Mercedes, TX 78570
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    • $650 /Mo
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      Prime Retail/Office Space Available

      Centrally located retail/office space in Mercedes, TX.
      136 N Texas Ave, Mercedes, TX 78570
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    • $15 SF/Yr
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      Retail Space at Signalized Corner

      25,388 SF retail building with high visibility and access.
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    • $18 SF/Yr
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      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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    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.

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    7212 Fm 1015, Mercedes, TX, 78570

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