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    Stabilized Retail Center in Del Rio Title is generated by Realmo AI

    503 E 6th St, Del Rio, TX 78440

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    Fully occupied retail center with national tenants and high visibility.

    Type:Retail
    Property size:
    48,854 SF
    Lot size:
    2.07 Acres
    Price / SF:
    $196/SF
    Added:
    Feb 18, 2026
    Days on Market:
    83
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 503 E 6th St

    General Information

    Standard status
    Active
    Size
    48,854 SF
    Lot size
    2.07 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Philip Levy
    Philip Levy

    Listing agent Philip Levy License #TX 522087

    Listing office Marcus & Millichap - Dallas

    Listing date Feb 18, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas

    HighLights

    • 100% Occupancy by Nationally Recognized Retailers (Big Air Trampoline Park & Buddy's Home Furnishings)
    • Triple‑Net Lease Terms for Both Major Tenants
    • Strategic Location on Veterans Boulevard (Highway 377) with High Traffic Counts (25,950 Vehicles Daily)
    • Recent Property Improvements: New Roof Coating (December 2025) with 10‑Year Warranty and 11 New HVAC Units
    • Additional Income from Watermill Express Kiosk Lease
    • Proximity to Plaza Del Sol Mall, Del Rio International Airport, and Del Rio International Bridge

    Overview

    This fully stabilized, 48,854-square-foot retail center is located on a 2.07-acre parcel in Del Rio, Texas. The building is fully occupied by Big Air Trampoline Park and Buddy's Home Furnishings, both nationally recognized retailers, under triple-net lease terms. Additional income is generated from a Watermill Express kiosk lease. Recent property improvements include a new roof coating completed in December 2025 with a 10-year warranty and 11 new Daikin HVAC units for Big Air's space, per Landlord. The property is strategically located along Veterans Boulevard (Highway 377), the city's primary north-south commercial artery, with high visibility and daily traffic counts of approximately 25,950 vehicles. Nearby retailers include H-E-B, EZ Pawn, Sherwin-Williams, and Sonic Drive-in. The center is 1.5 miles from Plaza Del Sol Mall, the area's only regional community shopping center housing JCPenney, Burlington, Ross Dress for Less, Marshalls, Ulta, Cinemark and other national and regional tenants. The property also benefits from its proximity to the Del Rio International Airport (1.5 miles to the west) and Del Rio International Bridge (seven miles to the south).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buddy's Home Furnishings Interior Design

    Suggested Use

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

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — H.E.B., 500 Pecan St, Del Rio, TX 78840
    • Coinstar Kiosk | Bitcoin ATM — H.E.B., 200 Ave F, Del Rio, TX 78840, United States
    • Coin Cloud Bitcoin ATM — 1009 Veterans Blvd, Del Rio, TX 78840
    • Coin Cloud Bitcoin ATM — 200 Veterans Blvd, Del Rio, TX 78840
    • Coin Cloud Bitcoin ATM — 500 Pecan St, Del Rio, TX 78840

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.909673
    Latitude
    29.368373

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center with national tenants and high visibility.
    Where is this shopping center located?
    The property is located at 503 E 6th St Del Rio, TX.
    What is the asking price?
    The asking price for this property is $9,579,000.
    What are key features of this property?
    This property features: 100% Occupancy by Nationally Recognized Retailers (Big Air Trampoline Park & Buddy's Home Furnishings); Triple‑Net Lease Terms for Both Major Tenants; Strategic Location on Veterans Boulevard (Highway 377) with High Traffic Counts (25,950 Vehicles Daily)
    (972) 755-5225 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Philip Levy
    Philip Levy
    Real Estate License ID: TX 522087
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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.

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