5001 E Expwy 83, Mercedes, TX 78501 – Regional Shopping Mall

RetailYear Built 2006Total Assessed Value $165,989,895County Hidalgo

Property Details

The Retail property 5001 E Expwy 83, Mercedes, TX 78501 is located in Hidalgo County. The specific property type is Regional Shopping Mall. The total assessed value of this property is $165,989,895.

The gross building area is 635,188 square feet and the land area is 3,490,898 square feet for this Regional Shopping Mall built in 2006.

Legal description: Rio Grande Valley Premium Outlets Lot 1 Blk 1- Amended Exc N50' -S1871.63'-E50'

$165,989,895

Market Value

8.50%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5001 E Expwy 83, Mercedes, TX 78501, Retail

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Property Information

Property TypeRetail

Sub Property TypeRegional Shopping Mall

Building Area635,188

Land Size3,490,898

Land Value$16,431,102

Improved Value$149,558,793

Total Assessed Value$165,989,895

Year Built2006

County NameHidalgo

Account Number705542

Cap Rate8.50%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingCentral

Roof CoverBuilt up

Roof TypeFlat

Type ConstructionOther

No of Stories1

Exterior WallsOther

Sales History

1/1/2018

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

1/1/2018

Transaction Details

acquired the property from through a Other transaction on 1/1/2018 for .

11/2/2006

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

11/2/2006

Transaction Details

acquired the property from through a Other transaction on 11/2/2006 for .

Property constructed in 2006

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$16,431,102	$97,568,898	$114,000,000	$114,000,000	Cpg Mercedes Lp	Po Box 6120	Rio Grande Valley Pr...	All	R305200	3,490,898	635,188
2025	$16,431,102	$97,568,898	$114,000,000	$114,000,000	Cpg Mercedes Lp	Chelsea Property Gro...	Rio Grande Valley Pr...	All	R305200	3,490,898	635,188
2024	$16,431,102	$154,114,602	$170,545,704	$170,545,704	Cpg Mercedes Lp , Ch...	Po Box 6120	Rio Grande Valley Pr...	SMCEXPY83	R305200	3,490,898	635,188
2023	$16,431,102	$93,568,898	$110,000,000	$110,000,000	Cpg Mercedes Lp	Chelsea Property Gro...	Rio Grande Valley Pr...	SMCEXPY83	R305200	3,490,898	635,188
2022	$16,431,102	$90,568,898	$107,000,000	$107,000,000	Cpg Mercedes Lp	Chelsea Property Gro...	Rio Grande Valley Pr...	SMCEXPY83	R305200	3,490,898	635,188
2021	$16,431,102	$93,568,898	$110,000,000	$110,000,000	Cpg Mercedes Lp	Chelsea Property Gro...	Rio Grande Valley Pr...	SMCEXPY83	R305200	3,490,898	635,188
2020	$16,431,102	$98,568,898	$115,000,000	$115,000,000	Cpg Mercedes Lp	Chelsea Property Gro...	Rio Grande Valley Pr...	SMCEXPY83	R305200	3,490,898	635,188
2019	$16,431,102	$98,568,898	$115,000,000	$115,000,000	Cpg Mercedes Lp; Che...	Chelsea Property Gro...	Rio Grande Valley Pr...	44OM	R305200	3,490,898	635,188
2018	$16,431,102	$73,460,323	$89,891,425	$89,891,425	Cpg Mercedes Lp; Che...	Chelsea Property Gro...	RIO GRANDE VALLEY PR...	44OM	R305200	3,490,898	635,188
2017	$16,431,102	$63,548,082	$79,979,184	$79,979,184	Cpg Mercedes Lp	Chelsea Property Gro...	-	44OM	R305200	3,490,898	635,188

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
5001 E Expwy 83, Mercedes, TX 78501	705542	Retail	Regional Shopping Mall	Cpg Mercedes Lp	Hidalgo	-	-	-	-	2006	635,188	-
2401 S Stemmons Fwy, Lewisville, TX 75067	175967	Retail	Regional Shopping Mall	1000 South Vermont Llc & 1054 Vermont Llc & 1035 Menlo Llc	Denton	478.5	$ 40,000,000	2022-08-26	$ 55.30	1988	723,379	-
3111 Midwestern Pkwy, Wichita Falls, TX 76308	123567	Retail	Regional Shopping Mall	Sikes Senter Mall Realty Holding Llc	Wichita	536.9	$ 23,940,000	2025-10-15	$ 30.53	1973	784,240	-
1700 Norman Dr, Valdosta, GA 31601	0082C-074	Retail	Regional Shopping Mall	-	Lowndes	946.3	$ 39,585,000	2025-03-31	$ 86.10	1982	459,770	-
3100 Sw College Rd, Ocala, FL 34474	23735-001-00	Retail	Regional Shopping Mall	-	Marion	988.6	$ 54,900,000	2025-07-29	$ 130.62	1980	420,292	-
3662 W Camp Wisdom Rd, Dallas, TX 75237	00693100A10010000	Retail	Regional Shopping Mall	3662 W Camp Wisdom Llc	Dallas	455.6	$ 16,827,825	2024-11-15	$ 53.26	1975	315,940	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5001 E Expwy 83, Mercedes, TX 78501	—	-	3,490,898	2006	635,188	$ 165,989,895	$ 16,431,102	-
Hancock Whitney Bank	9350 Highway 49, Gulfport, MS 39503	09/12/2025	$ 3,175,000	113,256	1995	27,895	$ 430,946	-	-
Old Plank Trail Cmty Bank Na	10031 Fm 1960 Bypass Rd W Ste F2 SteF2, Humble, TX 77338	09/11/2025	$ 250,000	61,202	2007	9,252	$ 2,744,887	$ 1,530,050	Humble Th Llc
Frost Bank	2020 Expwy 83, Mercedes, TX 78577	08/28/2025	$ 885,000	48,064	2010	11,030	$ 1,143,023	$ 276,362	-
Cadence Bank Na	15718 S Highway 288, Pearland, TX 77581	08/08/2025	$ 3,100,000	101,752	2014	16,694	$ 4,518,000	$ 1,984,160	4gf Group Llc
Cadence Bank Na	312 Park St, Mercedes, TX 78570	06/20/2025	$ 468,750	37,401	1976	7,500	$ 359,562	$ 130,900	Gullwing Re Llc
American National Bank & Trust	5617 Kemp Blvd, Wichita Falls, TX 76308	04/11/2025	$ 75,000	12,197	1985	3,784	$ 66,977	$ 29,272
Jet Lending Llc	10000 Emmett F Lowry Expy, Texas City, TX 77591	03/27/2025	$ 3,900,000	1,002,063	1990	235,735	$ 39,926,700	$ 879,310	Jmk5 Mall Of The Mainland Llc
Ladder Capital Finance Llc	4200 S Fwy, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	77,200	1960	14,095	$ 2,381,919	$ 694,800	Town Center Mall Lp
Ladder Capital Finance Llc	250 E Bolt St, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	388,668	1960	117,949	$ 9,970,345	$ 1,166,004	Town Center Mall Lp
Ladder Capital Finance Llc	4200 South Fwy, Fort Worth, TX 76115	03/06/2025	$ 64,000,000	60,984	1960	10,068	$ 619,205	$ 182,952

Mean$ 80,265,270

Median$ 3,537,500.0

Loan Amount Range$ 75,000 - $ 650,000,000

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Tenant Details

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License Details

License Number

795360

Dual Shop

Issued By

DUAL

State Authority

Issue Date

-

Original Issuance

Expire Date

11/29/2022

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	THE STUDIO
	Address Line	5001 e expressway 83 ste 224
	City / State / Zip	mercedes TX 78570
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48215
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78570
Registration Details	SOS Code

License Timeline

License Issued

Currently Active

Status: -

Renewal Required

11/29/2022

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