Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1208 N Grant St Roma, TX 78584

    View on Map
    Sponsored
    For Sale
    $189,000

    COMMERCIAL - Roma, TX

    Property size:
    2,520 SF
    Lot size:
    0.25 Acres
    Days on Market:
    78
    Last Refresh:
    Mar 19 at 11:06 pm

    Property Features for 1208 N Grant St

    General Information

    Special listing conditions
    In Foreclosure, Real Estate Owned
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    In Foreclosure, Real Estate Owned
    Standard status
    Active
    APN
    150000500000100000000
    Appliances
    Electric Water Heater
    Size
    2,520 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Building materials
    Aluminum Siding, Stucco
    Roof type
    Metal, Flat

    We can help!

    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez

    RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV (956) 566-8377

    Listing agent Jaime Lee Gonzalez (956) 599-8400

    Listing date Dec 31, 2025

    MLS# 414105

    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.

    Learn more

    Property Insight Report

    Overview

    Roma, TX Retail Opportunity

    This 2,520 square foot commercial property is located in Roma, Texas, on US Hwy 83. The property, situated on a 0.2486-acre lot, was previously used as a drive-thru and beauty salon. This property presents an opportunity to expand or start a business. Located on one of the busiest streets in the heart of Roma, this property is being sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -99.018912
    Latitude
    26.410953

    Nearby Similar for Sale

    • $949,000
      8,136 SF

      Roma Commercial Property For Sale

      Commercial property with frontage on Business Highway 83 in Roma.
      1972 Grant St, Roma, TX 78584
      View Details
    • $275,000
      7,190 SF

      Roma, TX Event Center

      5+ acre property with adaptable space, formerly an event center.
      907 N Eagle Ave, Roma, TX 78584
      View Details
    • $299,000
      2,212 SF

      Roma, TX Multi-Family Investment

      Fully leased multi-family property in Roma, TX with immediate income.
      601 East Allende Ave, Roma, TX 78584
      View Details
    • $440,000
      1,002 SF

      Roma Commercial Property on US

      Commercial property in Roma, TX with high visibility and traffic.
      1706 Grant St, Roma, TX 78584
      View Details
    • $200,000
      1,840 SF

      Roma, TX Mixed-Use Investment

      Corner commercial property with retail and apartments in Roma, TX.
      1008 Grant St, Roma, TX 78584
      View Details
    • $400,000
      3,374 SF

      Restaurant and Leased Building For Sale

      Restaurant and additional income-producing property available in Roma, Texas.
      4812 W Us Highway 83, Roma, TX 78584
      View Details
    • $85,000
      384 SF

      Commercial Property in Roma, TX

      Fenced commercial property with office, concrete pad, and ample space.
      123 Flores St, Roma, TX 78584
      View Details
    • $949,000
      8,136 SF

      Roma Commercial Property - Prime Location

      High-Visibility Multi-Building Commercial Space
      1972 Grant St, Roma, TX 78584
      View Details
    • $400,000
      3,374 SF

      Roma Restaurant & Investment Opportunity

      Highway 83 Commercial Property - Dual Income
      4812 Us Highway 83, Roma, TX 78584
      View Details
    • $189,000
      2,520 SF

      Roma Commercial Building - Hwy 83

      High-traffic location, versatile space. Great investment!
      1208 Grant St, Roma, TX 78584
      View Details
    • $199,500
      6,170 SF

      Roma Commercial Property: Prime Location

      High-potential commercial property in Roma, TX.
      27 Eagle Ave, Roma, TX 78584
      View Details
    • $369,000
      1,680 SF

      20 YEAR TERM

      3 YEAR BALLON NOTE
      842 Grant St, Roma, TX 78584
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,520 SF commercial property on US Hwy 83 in Roma.
    Where is this retail space located?
    The property is located at 1208 N Grant St Roma, TX.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - High-traffic location on US Hwy 83 in Roma.; - **2,520 square foot commercial property.**; - Suitable for business expansion or startup.
    (956) 566-8377
    Request Owner's contact information
    1208 N Grant St Roma, TX 78584
    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.
    1208 N Grant St
    Roma, TX 78584
    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
    1208 N Grant St Roma, TX 78584
    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

    We can help!
    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez
    (956) 566-8377 (956) 928-1155 (956) 599-8400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!