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    Downtown Commercial Space For Rent Title is generated by Realmo AI

    317 S Main, Del Rio, TX 78840

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    For Lease
    $1,100/Mo $9 SF/Yr (calc)

    Retail - Del Rio, TX

    Type:Retail
    Property size:
    1,350 SF
    Lot size:
    0.04 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    55
    Last Refresh:
    May 17 at 8:06 am

    Property Features for 317 S Main

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Interior features
    Other/See Remarks
    Standard status
    Active
    Size
    1,350 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Tile
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Riggs

    Listing agent Mary Riggs

    Listing office Rhonda Montgomery Real Estate, LLC 4218 Veterans Blvd, Del Rio, TX

    Listing date Mar 24, 2026

    MLS# 208341 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.

    HighLights

    • Prime downtown location with exceptional visibility.
    • Large, prominent display window for showcasing products or branding.
    • Functional layout with three private offices and a bathroom.
    • Competitive monthly rate of $1,200.00.
    • Central heating and cooling.
    • Stone construction.

    Overview

    This downtown commercial space offers visibility suitable for establishing a professional office or a high-traffic retail store. The property features a large display window for showcasing products or branding. The functional layout includes three private offices and a bathroom, providing a versatile environment. The property is located in Del Rio, TX. The lot size is 0.04 acres and the property size is 1350 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -100.902508
    Latitude
    29.365838

    Nearby Similar for Lease

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      Versatile Commercial Space in Del Rio

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    • $2,100/Mo
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      Prime Retail Space in Del Rio

      2,200 sq ft commercial space on highly visible Veterans Blvd.
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    • $50,000 SF/Yr
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      50,000 SF Retail Space Available

      50,000 SF retail space for lease in Del Rio.
      2400 Veterans, Del Rio, TX 78840
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    • $6,144/Mo
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      Del Rio Retail Space

      8,192 sq ft retail space on Veterans Blvd, Del Rio.
      1000 VETERANS BLVD., Del Rio, TX 78840
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    • $8 SF/Yr
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      Downtown Retail Space Available

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    • Contact for pricing
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      Retail Spaces in Del Rio Plaza

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    FAQs

    What type of property is this?
    Retail space - Prime commercial space with high visibility in downtown Del Rio.
    Where is this retail space located?
    The property is located at 317 S Main Del Rio, TX.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Prime downtown location with exceptional visibility.; Large, prominent display window for showcasing products or branding.; Functional layout with three private offices and a bathroom.
    (830) 775-3705
    We can help!
    Listing Contact
    Mary Riggs
    Learn More
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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.

    More about this property
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