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

    00 Us Highway 83 Rio Grande City, TX 78582

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.35 Acres, High-Traffic Location, $550,000

    Property Features for 00 Us Highway 83

    General Information

    Property type
    Farms
    Lot Size
    363,726 SF

    We can help!

    Listing Contact
    Hector Guerra
    Hector Guerra

    Listing Agency: RE/MAX Hacienda Listing Agent: Hector Guerra

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

    Learn more

    Overview

    This exceptional 8.35-acre property presents a remarkable investment opportunity in Starr County, Texas. Strategically located on US Highway 83 between La Grulla and Rio Grande City, this land boasts significant frontage—approximately 208 feet wide by 1,720 feet deep—offering unparalleled visibility and accessibility. The property is zoned for both farm and residential use, opening doors to a variety of development possibilities. Imagine the potential for a lucrative subdivision project, capitalizing on the high traffic count of this major thoroughfare, or envision a thriving commercial venture taking advantage of its prime location. The asking price is $550,000, representing a compelling value for this sizable parcel in a rapidly growing area. The property's address is 00 E US Highway 83, La Grulla, TX 78582, with GPS coordinates of 26.3451873 latitude and -98.7500861 longitude. This versatile land offers a unique blend of residential and commercial potential, making it an ideal investment for discerning buyers seeking high-return opportunities in a desirable Texas location. The property's size and location make it an attractive prospect for developers and investors alike. Don't miss this chance to acquire a significant piece of land in a thriving area.
    Property Profile 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 Gym & Fitness Center Auto Repair Shop

    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
    -98.7500861
    Latitude
    26.3451873

    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
    • $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
    • $338,000
      2,485 SF

      Modern Triplex Investment Property

      New, modern triplex in Rio Grande City, TX.
      5302 Vision St, Rio Grande City, TX 78582
      View Details
    • $199,900
      1,900 SF

      Newer Duplex in Rio Grande

      Charming duplex with 2-bedroom units, convenient location, and parking.
      186 Benwood Rd, Rio Grande City, TX 78582
      View Details
    • $495,000
      4,800 SF

      Fully Leased Investment Property

      Fully leased multi-family property near schools, shopping, and dining.
      1204 Cornerstone Loop, Rio Grande City, TX 78582
      View Details
    • $175,000
      1,802 SF

      Rio Grande City Duplex

      Charming duplex in Rio Grande City with move-in-ready units.
      144 Redwood Rd, Rio Grande City, TX 78582
      View Details

    FAQs

    What type of property is this?
    Farm - 8.35 Acres, High-Traffic Location, $550,000
    Where is this farm located?
    The property is located at 00 Us Highway 83 Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 8.35-acre commercial/residential lot in Starr County, Texas.; High-traffic location on US Highway 83 between La Grulla and Rio Grande City.; 208' frontage on US Hwy 83.
    (956) 782-9222 Call to check price and availability
    Request Owner's contact information
    00 Us Highway 83 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.
    00 Us Highway 83
    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
    00 Us Highway 83 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 Hector Guerra
    Hector Guerra
    Real Estate License ID: 341517
    (956) 782-9222 (956) 605-6200
    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!