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    The Largest CRE Database in the US with Over 1 Million Listings

    3762 Tx-19 Riverside, TX 77367

    Sponsored
    For Lease
    $18 SF/Yr ($6,080 /Mo)

    2,300 SF Retail Store Front Available

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional retail space, totaling 2,300 square feet, is ideally situated at 3762 TX-19 in Riverside, Texas, zip code 77367. Boasting a prime location on Highway 19, this single-tenant storefront offers unparalleled visibility and accessibility for businesses seeking high foot traffic. The property is part of a larger building encompassing 4,000 square feet, providing ample space for potential expansion or shared amenities. The building's design is well-suited for a variety of retail uses, making it an attractive option for a diverse range of businesses. The address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This property presents a unique opportunity for businesses looking to establish a strong presence in a thriving Riverside community. The 2,300 square feet of vacant space is ready for immediate occupancy, allowing for a quick and efficient start to operations. The property's location on Highway 19 guarantees significant exposure to a large volume of daily traffic, maximizing the potential for customer engagement and business growth. This is a rare opportunity to secure a high-impact retail space in a desirable location. Interested parties are encouraged to inquire promptly.

    Property Features for 3762 Tx-19

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    6080

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,300 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Adam Olsen, CCIM
    Adam Olsen, CCIM

    Learn more

    HighLights

    • High‑demand retail space available for lease in Riverside, TX.
    • Excellent highway visibility and accessibility via Hwy 19.
    • 2,300 sq ft retail space with high visibility next to JJS Liquor, off Hwy 19.
    • Ample on‑site parking.
    • Open floor plan with abundant natural light.
    • Water and trash included in rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Riverside
    County
    Walker
    State
    Texas
    Longitude
    -95.40381885
    Latitude
    30.8523873

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    Nearby Similar for Lease

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      Riverside Retail Space For Lease

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    FAQs

    What type of property is this?
    Individual retail property - 2,300 SF Retail Store Front Available
    Where is this individual retail property located?
    The property is located at 3762 Tx-19 Riverside, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High-demand retail space available for lease in Riverside, TX.; Excellent highway visibility and accessibility via Hwy 19.; 2,300 sq ft retail space with high visibility next to JJS Liquor, off Hwy 19.
    Request Owner's contact information
    3762 Tx-19 Riverside, TX 77367
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    Riverside, TX 77367
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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
    3762 Tx-19 Riverside, TX 77367
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    We can help!
    Listing Contact
    Adam Olsen, CCIM
    Adam Olsen, CCIM
    Real Estate License ID: TX 642075
    Learn more
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