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    6324 Us Hwy 83 Hwy Rio Grande City, TX 78582

    For Sale
    $625,000

    Rio Grande City, TX: Land, Office, & Duplex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Rio Grande City, Texas property offers a unique blend of commercial and residential opportunities. Situated on 1.344 acres of land along heavily trafficked US Highway 83, the property includes a thriving car sales lot with capacity for 40+ vehicles, complemented by over 7,000 square feet of steel canopy and an 800 square foot office. A substantial two-story stucco home (2,133 sq ft) provides ample living space, boasting 5 bedrooms and 4 bathrooms. Built in 2012, this residence offers comfortable living. Adding to the investment potential is a duplex unit (820 sq ft total), featuring two 1-bedroom, 1-bathroom apartments, generating rental income. The property is fully fenced and equipped with two water meters and three electric meters. This prime location connects the Rio Grande Valley with Laredo, making it ideal for a business owner seeking a live-work-rent scenario in a rapidly growing area. Asking price is $625,000. The main commercial building was constructed in 2001.

    Property Features for 6324 Us Hwy 83 Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    58,545 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.7490682
    Latitude
    26.3449528

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    FAQs

    What type of property is this?
    Office Property / Space - Rio Grande City, TX: Land, Office, & Duplex
    Where is this office property / space located?
    The property is located at 6324 Us Hwy 83 Hwy Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $625,000.
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    6324 Us Hwy 83 Hwy Rio Grande City, TX 78582
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    Realmo Value Estimation

    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.

    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.

    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
    6324 Us Hwy 83 Hwy Rio Grande City, TX 78582
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