Add Listing
    For Lease
    • 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

    24 Grant St Roma, TX 78584

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

    High-traffic retail space near Roma Port of Entry.

    Lot size:
    6,900 SF

    Property Features for 24 Grant St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,900 SF

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 24 Grant St, Roma, TX 78584 Contact us
    Unit

    $15 /Mo

    Size
    6,900 SF
    Contact us

    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

    Overview

    This exceptional retail opportunity, Riverview Plaza, is located at 24 E Grant St, Roma, TX 78584, in Starr County. The property boasts a substantial 32,757 square foot lot and offers flexible space ranging from 2,300 to 6,900 square feet. Built in 1985, the single-tenancy building provides ample parking with 20 spaces available. Its strategic location offers unparalleled visibility and accessibility, situated within walking distance of the bustling Roma Port of Entry, bordering Miguel Aleman, Mexico. This prime location benefits from the high traffic volume generated by the port, with an impressive 1,500,000 passenger vehicles and 200,000 pedestrians crossing annually. The property's anchor tenant, Riverview Supermarket, further enhances its appeal, contributing to a significant daily traffic count of 21,689 vehicles. This presents a unique opportunity for businesses seeking high visibility and access to a substantial consumer base in a dynamic border region. The property's size and location make it ideal for a variety of retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -99.0144035
    Latitude
    26.402212

    Nearby Similar for Lease

    • $400 /Mo
      720 SF

      Roma, TX Office/Retail Space

      Versatile 720 SF space in high-traffic Roma location.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $1,850 /Mo
      2,520 SF

      Roma, TX Commercial Space

      2,520 SF commercial space with drive-thru in Roma, TX.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $1,500 /Mo
      2,720 SF

      Retail Space in High-Traffic Plaza

      Spacious retail unit near downtown Roma, minutes from international bridge.
      8 E Grant St, Roma, TX 78584
      View Details
    • $1,500 /Mo
      1,800 SF

      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property ideal for drive-thru business.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $15 SF/Yr
      19,024 SF

      Roma, TX Retail Space For Sale

      Prime Downtown Retail, 19,024 SF
      107 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      15,000 SF

      Riverview Plaza Retail Opportunity

      Prime Roma, TX Retail Space
      80 Grant St, Roma, TX 78584
      View Details
    • $15 SF/Yr
      19,024 SF

      107 - A N Grant Street #3

      Lifestyle centers • 19,024 SF
      107 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      30,000 SF

      Roma Retail Center: Prime Location

      High-traffic retail space near Roma Port of Entry.
      80 Grant St, Roma, TX 78584
      View Details
    • $17 SF/Yr
      15,000 SF

      Riverview Plaza Retail Space for Lease

      Prime Roma, TX retail space near border.
      80 Grant St, Roma, TX 78584
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space near Roma Port of Entry.
    Where is this retail property located?
    The property is located at 24 Grant St Roma, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    (956) 330-4214 Call to check price and availability
    Request Owner's contact information
    24 Grant St Roma, TX 78584
    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.
    24 Grant St
    Roma, TX 78584
    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
    24 Grant St Roma, TX 78584
    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!