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    382 Main Ave Raymondville, TX 78580

    Sponsored
    For Sale
    $249,500

    Prime Office Space, 3660 sq ft, $249,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional commercial property, located at 382 W Main Avenue W in Raymondville, Texas, presents a unique investment opportunity. Built in 1997, the 3,660 square foot building sits on a 13,995.828 square foot lot (per WCCAD) and boasts a professional and well-maintained interior. The property features a double-doored entryway leading to spacious reception areas, a substantial reception office, a conference room, a lunch/break room, two storage rooms, twelve individual offices, and four restrooms. Three air conditioning units ensure year-round comfort. Ample parking is provided with twelve designated spaces. The entire building and parking lot are fully enclosed by a fence and secured with a rolling gate. The property offers significant expansion potential, allowing for the addition of building space or further parking area. Its versatile layout makes it ideal for a variety of professional uses, including medical practices, law firms, insurance agencies, and many other possibilities. This property's prime location and impressive features make it a must-see for discerning investors seeking a high-quality commercial space in Raymondville, TX, 78580. The asking price is $249,500.

    Property Features for 382 Main Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Jeffrey Walker
    Jeffrey Walker

    Learn more

    Property Insight Report

    HighLights

    • 3,660 SF building on a 13,995 SF lot in Raymondville, TX.
    • Built in 1997, with a well‑maintained interior.
    • Features twelve private offices, conference room, break room, and ample storage.
    • Twelve parking spaces within a fenced and gated lot.
    • Three HVAC units and a double‑doored entry.
    • $249,500 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Raymondville
    County
    Willacy
    State
    Texas
    Longitude
    -97.7851826
    Latitude
    26.4833708

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 3660 sq ft, $249,500
    Where is this office property / space located?
    The property is located at 382 Main Ave Raymondville, TX.
    What is the asking price?
    The asking price for this property is $249,500.
    What are key features of this property?
    This property features: 3,660 SF building on a 13,995 SF lot in Raymondville, TX.; Built in 1997, with a well-maintained interior.; Features twelve private offices, conference room, break room, and ample storage.
    Request Owner's contact information
    382 Main Ave Raymondville, TX 78580
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    Raymondville, TX 78580
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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
    382 Main Ave Raymondville, TX 78580
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    We can help!
    Listing Contact
    Jeffrey Walker
    Jeffrey Walker
    Real Estate License ID: TX
    Learn more
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