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    216 Fm 3167 Rio Grande City, TX 78582

    For Lease
    $1.45 SF/Yr

    Prime 2-acre plaza, 12 units available

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.03-acre commercial land parcel in Rio Grande City, Texas (78582), features a modern, 12-unit plaza totaling 12,000 square feet. Each unit offers approximately 1,000 square feet of space, ideal for a variety of uses including office, retail, restaurant, or medical/dental practices. The property boasts ample parking with 101 spaces, catering to the needs of tenants and their clients. Construction is projected for completion by March 2024. This high-traffic location sees over 10,000 vehicles daily, situated near the new Renaissance Hospital, Veterans Middle School, Starr County Memorial Hospital, UTRGV Am University campus, and STC campus (all within a half-mile radius). Currently, several units are available for lease at $1,450 per month. Specifically, units #1 (including a kitchen), #4, #5, #6, #7, #8, #9 (fully completed), and #10 (fully completed) are ready for immediate occupancy. The property's APN is 043070000000100000000. This is a remarkable opportunity to secure a prominent presence in a rapidly growing area.

    Property Features for 216 Fm 3167

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF

    Unit(s) available at that property

    Space
    Size
    12,000 SF
    Rate per SF
    $1.45

    HighLights

    • 2.03‑acre commercial land parcel in Rio Grande City, TX (78582).
    • Modern 12‑unit, 12,000 sq ft plaza.
    • Each unit is approximately 1,000 sq ft, suitable for various uses (office, retail, restaurant, medical/dental).
    • Ample parking (101 spaces).
    • Projected completion March 2024.
    • High‑traffic location (10,000+ vehicles daily), near major institutions (hospital, schools, university).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

    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
    -98.8535249
    Latitude
    26.3946859

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    FAQs

    What type of property is this?
    Land - Prime 2-acre plaza, 12 units available
    Where is this land located?
    The property is located at 216 Fm 3167 Rio Grande City, TX.
    What is the lease rate?
    The lease rate is $1.45 SF/Yr.
    What are key features of this property?
    This property features: 2.03-acre commercial land parcel in Rio Grande City, TX (78582).; Modern 12-unit, 12,000 sq ft plaza.; Each unit is approximately 1,000 sq ft, suitable for various uses (office, retail, restaurant, medical/dental).
    Request Owner's contact information
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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
    216 Fm 3167 Rio Grande City, TX 78582
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