Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    604 2Nd St Rio Grande City, TX 78582

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 13,000 SF lot, excellent location.

    Property Features for 604 2Nd St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Hiram Diaz
    Hiram Diaz

    Listing Agency: B-KAN Realty Listing Agent: Hiram Diaz

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial land opportunity presents a 12,997.868 square foot lot ideally situated in the heart of Rio Grande City, Texas, at 604 W 2nd Street, zip code 78582. The property, built in 1950, comprises two combined city lots offering significant potential for development. An existing house is included in the sale, sold "as is." This presents a unique chance to either renovate the existing structure or build a new commercial venture. The strategic location on 2nd Street ensures high visibility and accessibility. Further expansion possibilities exist with adjacent lots available for purchase. To the east, two additional lots are available, and four more lots are situated at the rear of the property, potentially expanding the total land area to up to 52,000 square feet. This presents a rare opportunity to acquire a substantial commercial property in a thriving Texas city. The asking price for this prime commercial land is $209,000. Don't miss this chance to secure a significant foothold in Rio Grande City's commercial landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.8256466
    Latitude
    26.381251

    Nearby Similar for Sale

    • New
      $2,300,000
      5,500 SF

      Commercial Property in Rio Grande

      Freestanding commercial property with income-generating suites and gas/convenience store.
      900 E 2Nd St, Rio Grande City, TX 78582
      View Details
    • $825,000
      8,300 SF

      Rio Grande City Commercial Property

      8300 square foot commercial building suitable for medical, retail.
      5448 E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • New
      $236,250
      3,150 SF

      Prime Rio Grande City Office

      Office space in a prime location with flexible suites.
      5346 E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • New
      $472,500
      6,300 SF

      Rio Grande City Commercial Property

      Income-producing commercial property in Rio Grande City, Texas.
      5344 E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $500,000
      4,755 SF

      Rio Grande City Commercial Property

      Versatile commercial property with retail, office, and warehouse space.
      401 W Main St, Rio Grande City, TX 78582
      View Details
    • $1,700,000
      23,900 SF

      Rio Grande City Commercial Property

      Commercial property on 1.5 acres with highway frontage.
      1926 W Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $275,000
      3,150 SF

      Rio Grande City Office Space

      Prime location office space in Rio Grande City, Texas.
      5346 E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $325,000
      2,028 SF

      Downtown Rio Grande City Commercial

      Prime commercial property in historic downtown Rio Grande City.
      107 N Flores St, Rio Grande City, TX 78582
      View Details
    • $780,000
      5,643 SF

      Rio Grande City Automotive Business

      Specialized automotive repair business with multiple bays and office space.
      3506 W Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $787,000
      4,807 SF

      Downtown Rio Grande City Plaza

      Commercial plaza with residential unit in Rio Grande City.
      605 W Main St, Rio Grande City, TX 78582
      View Details
    • New
      $338,000
      Pending

      Modern Triplex Investment Property

      New, modern triplex in Rio Grande City, premium investment.
      5321 Vision St, Rio Grande City, TX 78582
      View Details
    • $338,000
      Pending

      Modern Triplex Investment Property

      New, sleek, modern triplex in Rio Grande City, Texas.
      5323 Vision St, Rio Grande City, TX 78582
      View Details

    FAQs

    What type of property is this?
    Land - Prime 13,000 SF lot, excellent location.
    Where is this land located?
    The property is located at 604 2Nd St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: 12,997.868 sq ft lot in Rio Grande City, TX (78582) at 604 W 2nd St.; Two combined city lots, built in 1950, with an existing house (sold "as is").; High visibility and accessibility due to 2nd Street location.
    (956) 330-4214 Call to check price and availability
    Request Owner's contact information
    604 2Nd St Rio Grande City, TX 78582
    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.
    604 2Nd St
    Rio Grande City, TX 78582
    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
    604 2Nd St Rio Grande City, TX 78582
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hiram Diaz
    Hiram Diaz
    (956) 330-4214 (956) 378-7355
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!