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

    200 Kings Way Del Rio, TX 78840

    View on Map
    Sponsored
    For Sale
    $350,000

    Office - Del Rio, TX

    Type:Office
    Property size:
    3,200 SF
    Lot size:
    0.23 Acres
    Days on Market:
    30
    Last Refresh:
    Mar 15 at 10:06 am

    Property Features for 200 Kings Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    Other/See Remarks
    Size
    3,200 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Concrete, Other, Tile
    Building materials
    Brick, Brick Veneer, Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Samuel Mireles

    eXp Realty LLC (888) 519-7431

    Listing agent Samuel Mireles (888) 519-7431

    Listing date Feb 13, 2026

    MLS# 206453 Listing URL

    Copyright © 2026 Del Rio Board 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

    Del Rio Office Building For Sale

    Located just off Veterans Blvd, this 3,200 sq. ft. office building is suited for business use. The space, formerly home to Zertuche Insurance, is well-maintained and move-in ready. It features a covered entrance, a spacious reception and lobby area, 8 private offices, and 2 additional flexible-use rooms. A large conference room/break room is available for meetings or team gatherings, along with two storage rooms. The property includes 2 half baths and 1 full bathroom. There are 3 exit points, including direct access to the covered carports. Covered parking is available with 2 carports and 13 total parking spaces, including 1 handicap space. The property is situated on a paved corner lot with access from both Kings Way and King Charles, and it offers room for future expansion due to the large corner lot layout. Recent improvements include a roof that is under 8 years old and HVAC units that are less than 3 years old. The property is located in Del Rio, TX, and sits on a 0.23-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zertuche Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.906441
    Latitude
    29.408568

    Nearby Similar for Sale

    • $499,000
      9,483 SF

      Del Rio Retail/Industrial Opportunity

      9,483 SF mixed-use commercial property in high-traffic area.
      201 Avenue A, Del Rio, TX 78840
      View Details
    • $425,000
      2,080 SF

      Del Rio Office on Veterans

      2,080 SF commercial property on high-traffic Veterans Blvd.
      3711 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $539,000
      2,676 SF

      Medical Office Building Near Hospital

      Medical office building with expansion potential near Val Verde Hospital.
      1011 E 7Th St, Del Rio, TX 78840
      View Details
    • $590,000
      3,000 SF

      Del Rio Commercial Auto Shop

      Commercial property in Del Rio business center, formerly an auto shop.
      401-403 E 3Rd St, Del Rio, TX 78840
      View Details
    • $263,000
      840 SF

      Retail Property in High-Traffic Location

      Drive-thru retail property in Del Rio, Texas, for sale.
      607 W Gibbs St, Del Rio, TX 78840
      View Details
    • $449,000
      3,000 SF

      Established Bar with Lake View

      Turn-key bar business opportunity on 1.6 acres with furnishings.
      9145 Us Highway 90 W, Del Rio, TX 78840
      View Details
    • $94,900
      1,554 SF

      Del Rio Office Building

      Former office building on 0.44 acres in Del Rio.
      505 W Martin St, Del Rio, TX 78840
      View Details
    • $565,000
      2,700 SF

      Del Rio Warehouse Investment Opportunity

      1.68-acre commercial property leased to waste management company.
      1020 Virginia St, Del Rio, TX 78840
      View Details
    • $1,400,000
      6,350 SF

      Updated Commercial Space in Del Rio

      Move-in ready commercial space in a high-traffic Del Rio location.
      408 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $875,000
      20.00 Acres

      Del Rio Barndominium Retreat

      20-acre property with barndominium, party barn, pool, and ranch features.
      935 Danda Ln, Del Rio, TX 78840
      View Details
    • $780,000
      775 SF

      Del Rio Office Investment Opportunity

      Commercial property offering space, exposure, and opportunity in Del Rio.
      2701 239, Del Rio, TX 78840
      View Details
    • $549,000
      1,731 SF

      Prime Commercial Property in Del Rio

      High-visibility retail property surrounded by established businesses in Del Rio.
      507 E Gibbs St, Del Rio, TX 78840
      View Details

    FAQs

    What type of property is this?
    Office building - 3,200 sq ft office building in Del Rio, TX.
    Where is this office building located?
    The property is located at 200 Kings Way Del Rio, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Move-in ready **3,200 sq. ft. office space** in a high-visibility location.; - Recent upgrades include a roof under 8 years old and HVAC units less than 3 years old.; - Ample parking with **13 total spaces**, including covered carports and a handicap space.
    (830) 703-0483
    Request Owner's contact information
    200 Kings Way Del Rio, TX 78840
    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.
    200 Kings Way
    Del Rio, TX 78840
    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
    200 Kings Way Del Rio, TX 78840
    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
    Samuel Mireles
    (830) 703-0483
    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!