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    837 Heidrick Ave Mercedes, TX 78570

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    837 Heidrick Ave Mercedes, TX 78570

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    • Commercial real estate
    • 1,370 SF
    • 0.10 lot acres
    For Sale
    $225,000
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    Mercedes Duplex: High-Yield Investment For Sale
    $225,000
    1,370 SF

    Mercedes Duplex: High-Yield Investment

    Brand new, 2-unit duplex, 9.6% cap rate.

    Thayer, TX 78570
    View Listing
    Property ID
    US82-4305520
    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 837 Heidrick Ave

    Year built
    2024
    Lot size
    0.10 lot acres
    Property size
    1,370 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a brand-new, fully leased duplex located at 837 Heidrick Ave, Mercedes, Texas, 78570. Built in 2024, this single-story, 1,370 square foot building sits on a 0.097-acre lot and boasts a remarkable 9.60% cap rate. The property features two identical units, each offering 683 square feet of living space. Each unit includes an open-concept kitchen and living area, brand new stainless steel appliances, granite countertops, and beautiful porcelain tile flooring throughout. The bathrooms feature unique Moroccan tile accents. Additional amenities include a large utility room with hanging space, walk-in closets, and energy-efficient tankless water heaters. Each unit also enjoys its own private outdoor space. The building is elevated 18 inches above street level, enhancing curb appeal and providing added protection. This turnkey property offers a reliable income stream with minimal upkeep, making it an ideal investment for those seeking immediate returns. The property is located in Hidalgo County and is ready for a qualified investor. Pre-qualification is required for showings.

    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
    -97.9197815
    Latitude
    26.1597028

    Comparable in this City

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      Mercedes Fourplex Investment Opportunity

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      Well-Maintained Duplex in Mercedes, TX

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    Similar Nearby for Sale

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      Multifamily Property in Downtown Mercedes

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    • $420,000
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      Modern Duplex Built in 2020

      Well-maintained duplex with strong rental appeal, ideal for investors.
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    • $399,900
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      Mercedes Fourplex Investment Opportunity

      Fourplex in prime location with modern interiors and private backyards.
      1046 Hidalgo St, Mercedes, TX 78570
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    Similar Nearby for Lease

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      Retail Plaza in Mercedes, TX

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      Retail Plaza in Mercedes, Texas

      25,388 SF plaza with diverse tenant mix available for lease.
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      11,191 SF

      Regional Power Center Retail Space

      Retail space in high-traffic regional power center.
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      Prime Retail/Office Space Available

      Centrally located retail/office space in Mercedes, TX.
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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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    837 Heidrick Ave, Mercedes, TX, 78570

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