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    The Largest CRE Database in the US with Over 1 Million Listings

    3506 W Us Highway 83 Rio Grande City, TX 78582

    Sponsored
    For Sale
    $780,000

    COMMERCIAL - Rio Grande City, TX

    Property size:
    5,643 SF
    Lot size:
    0.50 Acres
    Days on Market:
    62
    Last Refresh:
    Feb 8 at 5:06 am

    Property Features for 3506 W Us Highway 83

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    R
    APN
    168800000000100000000
    Parking
    25
    Exterior features
    Workshop
    Appliances
    Electric Water Heater
    Size
    5,643 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Window Unit(s), Central Air, Wall Unit(s)

    Building Details

    Year built
    2005
    Floors in Building
    1
    Building materials
    Aluminum Siding
    Roof type
    Flat
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Gladys I Ramos

    RE/MAX elite (956) 330-3674

    Listing agent Gladys I Ramos (956) 929-1473

    Listing date Dec 9, 2025

    MLS# 488626

    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

    Rio Grande City Automotive Business

    This specialized automotive repair business focuses on the inspection, maintenance, and repair of vehicle transmissions and related drivetrain components. The property features a commercial garage building with several garage bay doors. The interior includes an office waiting area for client consultations. There are two heavy-duty vehicle lifts. The property is divided into several sections: Office space (180 sq. ft.), Shop/Bay #1 (2475 sq. ft.), and an efficiency room (528 sq. ft.) sharing an electricity meter. Shop/Bay #2 is 1050 sq. ft. with its own electricity meter, and Shop/Bay #3 is 1410 sq. ft. also with its own electricity meter. The water meter is shared. The property has a flat roof and a gable roof for Bay #1. The garage doors are 10x12. The asphalt is 80% covered, and there are 25 parking spaces. A security system by Brinks is in place for $59.69 per month, along with security lighting for the parking lot. The lot size is 0.4997 acres. The property is located in Rio Grande City, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    Midway Paint & Body Shop, Garcia's Transmissions

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.892219
    Latitude
    26.380598

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    FAQs

    What type of property is this?
    Auto shop - Specialized automotive repair business with multiple bays and office space.
    Where is this auto shop located?
    The property is located at 3506 W Us Highway 83 Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: - Specialized automotive repair business focusing on transmissions and drivetrain.; - Three separate shop/bay areas (2475 sq. ft., 1050 sq. ft., and 1410 sq. ft.) providing ample workspace.; - Includes **two heavy-duty vehicle lifts**.
    (956) 330-3674
    Request Owner's contact information
    3506 W Us Highway 83 Rio Grande City, TX 78582
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    Rio Grande City, TX 78582
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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
    3506 W Us Highway 83 Rio Grande City, TX 78582
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    We can help!
    Listing Contact
    Gladys I Ramos
    (956) 330-3674
    Learn more
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