Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    402&406 E 2nd St Del Rio, TX 78840

    View on Map
    Claim this Listing
    New
    For Sale
    $525,000

    Retail - Del Rio, TX

    Type:Retail
    Property size:
    1,576 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $333/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 402&406 E 2nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Paved or Surfaced
    Interior features
    None
    Standard status
    Active
    Size
    1,576 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Perez

    Listing agent Melissa Perez

    Listing office Texas Heritage Real Estate 2116 Veterans Blvd., Del Rio, TX

    Listing date May 7, 2026

    MLS# 208519 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 location next to HEB with high traffic
    • 2,500+ sq. ft. main shop currently operating as a mechanic shop
    • 1,576 sq. ft. multipurpose building with 3 open garage bays
    • Established mechanic shop layout with office and storage space
    • Metal building construction with multiple overhead doors (two 20x20, one 12x14)
    • Additional open‑space building for retail, storage, office, or expansion

    Overview

    Prime Commercial Property Near HEB

    This commercial property is centrally located next to the HEB parking lot, offering high visibility and a history of operation spanning 40 years. The main shop provides over 2,500 square feet of workspace, currently operating as a mechanic shop. It features a metal building with two 20x20 overhead doors and a 12x14 garage door, along with a dedicated office and storage space. Adjacent to the mechanic shop is a 1,576 square foot building with three open garage bays. An additional open-space building is suitable for retail, storage, office use, or expansion. The 0.38-acre site presents investment potential, whether to continue its use as an automotive center or to redevelop the site to capitalize on the traffic from the adjacent HEB.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Del Rio Automatic Transmission — 415 N Main St, Del Rio, TX 78840
    • Salinas Auto Body — 156 Gillis Ave, Del Rio, TX 78840
    • RODRIGUEZ AUTO SALES — 110 N Main St, Del Rio, TX 78840
    • Villarreal TIRE SHOP — 600 W Garza St, Del Rio, TX 78840
    • DC Lawnmower Shop — 114 W Ogden St, Del Rio, TX 78840

    Map

    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.902369
    Latitude
    29.366728

    Nearby Similar for Sale

    • $539,000
      2,676 SF

      Medical Office Building Near Hospital

      Medical office building with expansion potential near Val Verde Hospital.
      1011 E 7th, Del Rio, TX 78840
      View Details
    • $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
    • $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, 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, Del Rio, TX 78840
      View Details
    • $1,400,000
      6,350 SF

      Updated Commercial Space on Veterans

      Move-in ready commercial space in Del Rio's traveled corridor.
      408, 410, 414 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $1,800,000
      10,400 SF

      Freestanding Building in Del Rio

      Prime location building suitable for retail, office, or medical.
      901 Veterans, 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 W HWY 90, 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 & 507 W. Martin, Del Rio, TX 78840
      View Details
    • $355,000
      3,817 SF

      Income-Producing Fourplex in Central Del Rio

      Well-maintained four-unit property near schools, shopping, and dining.
      101 Shannon, Del Rio, TX 78840
      View Details
    • $285,000

      Commercial Building in Del Rio

      Versatile commercial building on three lots, ideal for various uses.
      601-603-605 E 7Th, 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 Street, Del Rio, TX 78840
      View Details
    • $1,175,000
      5,800 SF

      Turn-Key Business Opportunity in Del Rio

      Established transmission shop with RV hook-ups and leased mobile home.
      7657 W US HWY 90, Del Rio, TX 78840
      View Details

    FAQs

    What type of property is this?
    Auto shop - High-traffic location with established mechanic shop and retail potential.
    Where is this auto shop located?
    The property is located at 402&406 E 2nd St Del Rio, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime location next to HEB with high traffic; 2,500+ sq. ft. main shop currently operating as a mechanic shop; 1,576 sq. ft. multipurpose building with 3 open garage bays
    (830) 775-0700
    We can help!
    Listing Contact
    Melissa Perez
    Learn More
    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
    402&406 E 2nd St, Del Rio, TX 78840
    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!