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    107 Grant St Roma, TX 78584

    Sponsored
    For Lease
    $15 SF/Yr
    Lot size:
    19,024 SF
    Added:
    Dec 11, 2024
    Days on Market:
    409

    Property Features for 107 Grant St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,024 SF
    Total Rate
    23780

    Unit(s) available at that property

    Space
    Size
    19,024 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Tristan Flores
    Tristan Flores

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -98.9783906
    Latitude
    26.407704

    Nearby Comparable

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      Roma, TX Retail Space For Sale

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      Riverview Plaza Retail Space for Lease

      Prime Roma, TX retail space near border.
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      Roma Retail Space: Prime Location

      High-traffic retail space near Roma Port of Entry.
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      Roma Retail Land Opportunity

      High-traffic retail land near Roma Port of Entry
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    • $1,500 /Mo
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      Retail/Office Space in High-Traffic Plaza

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      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
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      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable for drive-thru business.
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    Nearby Similar for Lease

    • $1,500 /Mo
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      Retail/Office Space in High-Traffic Plaza

      Spacious unit near downtown, ideal for retail or medical offices.
      8 E Grant St, Roma, TX 78584
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    • $1,850 /Mo
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      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
      1208 N Grant St, Roma, TX 78584
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    • $400 /Mo
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      Roma, TX Retail/Office Space

      Versatile 720 SF space in high-traffic Roma location.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $1,500 /Mo
      1,800 SF

      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable for drive-thru business.
      1208 N Grant St, Roma, TX 78584
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    • $15 SF/Yr
      19,024 SF

      Roma, TX Retail Space For Sale

      Prime Downtown Retail, 19,024 SF
      107 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      15,000 SF

      Riverview Plaza Retail Space for Lease

      Prime Roma, TX retail space near border.
      80 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      30,000 SF

      Roma Retail Center: Prime Location

      High-traffic retail space near Roma Port of Entry.
      80 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      15,000 SF

      Riverview Plaza Retail Opportunity

      Prime Roma, TX Retail Space
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      View Details
    • $15 SF/Yr
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      Roma Retail Space: Prime Location

      High-traffic retail space near Roma Port of Entry.
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      View Details

    FAQs

    Where is this lifestyle center located?
    The property is located at 107 Grant St Roma, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
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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
    107 Grant St Roma, TX 78584
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    We can help!
    Listing Contact
    Tristan Flores
    Tristan Flores
    Real Estate License ID: 788658
    Learn more
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