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    1208 Grant St Roma, TX 78584

    Sponsored
    For Lease
    $6 SF/Yr

    Prime Roma location, 720 sq ft office/retail space.

    Lot size:
    720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 720-square-foot commercial space, located at 1208 N Grant Street #B in Roma, Texas, presents a fantastic opportunity for businesses seeking a prominent location. The property is designated as a single-tenant unit within a larger land parcel, offering exclusive use and control. The lot size encompasses a substantial 10,828.145 square feet, providing ample space and potential for future expansion or outdoor use. Situated along the high-traffic US Highway 83, this property boasts excellent visibility, ensuring maximum exposure for your business. The unit is ideally suited for a variety of commercial uses, including office or retail operations. The property's address is 1208 N Grant Street #B, Roma, TX 78584, with GPS coordinates of 26.4109431 latitude and -99.0189607 longitude. The property's APN is 150000500000100000000. While there are no dedicated parking spaces on the property itself, the high-traffic location offers convenient access to public parking options. This property is a single-tenant space, meaning there are no shared common areas or other tenants to contend with. This presents a unique opportunity to establish a strong presence in a thriving community. The versatile space is ready for immediate occupancy and offers a chance to customize the interior to perfectly suit your business needs.

    Property Features for 1208 Grant St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    720 SF

    Unit(s) available at that property

    Space
    B
    Size
    720 SF
    Rate per SF
    $6

    We can help!

    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -99.0189607
    Latitude
    26.4109431

    Nearby Comparable

    • $8 SF/Yr
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      Prime Roma Commercial Land

      High-traffic location, office & drive-thru.
      1208 Grant St, Roma, TX 78584
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    • $10 SF/Yr
      1,800 SF

      Roma Commercial Land - Hwy 83

      Prime Roma Location, High Traffic
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    • $1,850 /Mo
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      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
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    • $1,500 /Mo
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      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable for drive-thru business.
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    • $400 /Mo
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      Roma, TX Retail/Office Space

      Versatile 720 SF space in high-traffic Roma location.
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    • $1,500 /Mo
      2,720 SF

      Retail/Office Space in High-Traffic Plaza

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    • $15 SF/Yr
      6,900 SF

      Roma Retail Space: Prime Location

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    • $19 SF/Yr
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      Roma Retail Land Opportunity

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    • $17 SF/Yr
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      Riverview Plaza Retail Opportunity

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    • $17 SF/Yr
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      Roma Retail Center: Prime Location

      High-traffic retail space near Roma Port of Entry.
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    • $17 SF/Yr
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      Riverview Plaza Retail Space for Lease

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    • $15 SF/Yr
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      107 - A N Grant Street #3

      Lifestyle centers • 19,024 SF
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    Nearby Similar for Lease

    • $1,500 /Mo
      2,720 SF

      Retail/Office Space in High-Traffic Plaza

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    • $1,850 /Mo
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      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
      1208 N Grant St, Roma, TX 78584
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    • $400 /Mo
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      Roma, TX Retail/Office Space

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    • $1,500 /Mo
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      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable for drive-thru business.
      1208 N Grant St, Roma, TX 78584
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    • $15 SF/Yr
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      Roma, TX Retail Space For Sale

      Prime Downtown Retail, 19,024 SF
      107 Grant St, Roma, TX 78584
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    • $17 SF/Yr
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      Riverview Plaza Retail Space for Lease

      Prime Roma, TX retail space near border.
      80 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
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    • $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
      6,900 SF

      Roma Retail Space: Prime Location

      High-traffic retail space near Roma Port of Entry.
      24 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

    FAQs

    What type of property is this?
    Office Property Space - Prime Roma location, 720 sq ft office/retail space.
    Where is this office property space located?
    The property is located at 1208 Grant St Roma, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    1208 Grant St Roma, TX 78584
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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
    1208 Grant St Roma, TX 78584
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    We can help!
    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez
    Real Estate License ID: TXTX
    Learn more
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