Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Income Property in Rio Hondo Title is generated by Realmo AI

    106 S Arroyo Boulevard, Rio Hondo, TX 78583

    View on Map
    Claim this Listing
    For Sale
    $295,000

    MULTI_FAMILY - Rio Hondo, TX

    Property size:
    552 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $534/SF
    Added:
    Apr 13, 2026
    Days on Market:
    48
    Last Refresh:
    May 30 at 6:06 am

    Property Features for 106 S Arroyo Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Other
    Exterior features
    Mature Trees
    Fencing
    Chain Link
    Appliances
    Water Heater (Other)
    Standard status
    Active
    APN
    5500005100001000
    Size
    552 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1582

    Utilities

    Cooling system
    Window Unit(s), Wall Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    12

    We can help!

    Listing Contact
    Erasmo Arjona

    Listing agent Erasmo Arjona

    Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX

    Listing date Apr 13, 2026

    MLS# 501668 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront, income‑producing property with grandfathered RV rental permits.
    • Multiple income streams from cabins, mobile homes, RV rentals, and pad sites.
    • Cash flowing with tenants in place, offering immediate income.
    • Significant upside potential through increased rents, additional units, or property upgrades.
    • Limited rental options in Rio Hondo ensure steady demand.
    • Quiet, laid‑back location suitable for long‑term renters, seasonal tenants, or Airbnb.

    Overview

    This income-producing property in Rio Hondo offers a mix of cabins, mobile homes, RV rentals, and pad sites. The property is already cash flowing with tenants in place, while still offering room to grow. The property sits in a quiet, laid-back area near the water. Demand has remained steady due to limited rental options in Rio Hondo. The 0.287-acre property offers the flexibility to expand and improve over time. The 552 square foot property is located in Cameron County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Pharmacy Auto Parts Store Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio Hondo
    County
    Cameron
    State
    Texas
    Longitude
    -97.583727
    Latitude
    26.234872

    Nearby Similar for Sale

    • $575,000
      8,753 SF

      Multifamily Property in Rio Hondo

      Cash-flowing multifamily property with five buildings in Rio Hondo, TX.
      21272 EBONY RD., RIO HONDO, TX 78583
      View Details
    • $3,300,000

      Riverfront RV Village with Apartments

      Riverfront RV village with full hookups, boat lifts, and apartments.
      35375 FM 2925, Rio Hondo, TX 78583
      View Details
    • $190,000
      4,140 SF

      Restaurant Near Prime Fishing Spot

      Restaurant with potential near a renowned fishing spot.
      32621 Fm 2925, Rio Hondo, TX 78583
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Income-producing waterfront property with cabins, mobile homes, and RV rentals.
    Where is this mobile home & rv park located?
    The property is located at 106 S Arroyo Boulevard Rio Hondo, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Waterfront, income‑producing property with grandfathered RV rental permits.; Multiple income streams from cabins, mobile homes, RV rentals, and pad sites.; Cash flowing with tenants in place, offering immediate income.
    (956) 522-9632
    We can help!
    Listing Contact
    Erasmo Arjona
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    106 S Arroyo Boulevard, Rio Hondo, TX 78583
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!