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    24 Grant St Roma, TX 78584

    Sponsored
    For Lease
    $19 SF/Yr

    High-traffic retail land near Roma Port of Entry

    Lot size:
    6,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional commercial land parcel, located at 24 E Grant Street in Roma, Texas, presents a unique investment opportunity. The 32,757.12 square foot lot is zoned for retail use and offers a single-tenant configuration. Situated within walking distance of the bustling Roma Port of Entry, this property benefits from significant foot and vehicle traffic, boasting an impressive 21,689 vehicles per day (VPD) passing by. The proximity to the Port of Entry, which sees 1,500,000 passenger vehicles and 200,000 pedestrians annually crossing into Mexico, ensures high visibility and a substantial customer base. The property is anchored by the Riverview Supermarket, further enhancing its appeal and drawing in a steady stream of potential customers. The site includes 20 parking spaces, providing ample convenience for patrons. Flexible space options are available, ranging from 2,300 to 6,900 square feet, making it suitable for a variety of retail businesses. The APN is 151000050000500000000. This prime location in Roma, Texas (zip code 78584) offers unparalleled access to a vibrant binational market, making it an ideal investment for discerning entrepreneurs seeking high-traffic retail exposure. The property is ready for immediate development.

    Property Features for 24 Grant St

    General Information

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

    Unit(s) available at that property

    Space
    Size
    6,900 SF
    Rate per SF
    $19

    We can help!

    Listing Contact
    Hiram Diaz
    Hiram Diaz

    Learn more

    HighLights

    • 32,757.12 SF retail lot in Roma, TX.
    • Located at 24 E Grant Street, near the Roma Port of Entry.
    • High traffic area with 21,689 VPD.
    • Anchored by Riverview Supermarket.
    • 20 parking spaces.
    • Flexible space options (2,300 - 6,900 SF).
    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
    -99.0144035
    Latitude
    26.402212

    Nearby Comparable

    • $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
    • $1,500 /Mo
      2,720 SF

      Retail/Office Space in High-Traffic Plaza

      Spacious unit near downtown, ideal for retail or medical offices.
      8 E 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
    • $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
    • $1,850 /Mo
      2,520 SF

      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $1,500 /Mo
      1,800 SF

      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable for drive-thru business.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $400 /Mo
      720 SF

      Roma, TX Retail/Office Space

      Versatile 720 SF space in high-traffic Roma location.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $6 SF/Yr
      720 SF

      Roma, TX Office Space for Lease

      Prime Roma location, 720 sq ft office/retail space.
      1208 Grant St, Roma, TX 78584
      View Details
    • $8 SF/Yr
      2,520 SF

      Prime Roma Commercial Land

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

      Roma Commercial Land - Hwy 83

      Prime Roma Location, High Traffic
      1208 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

    Nearby Similar for Lease

    • $1,500 /Mo
      2,720 SF

      Retail/Office Space in High-Traffic Plaza

      Spacious unit near downtown, ideal for retail or medical offices.
      8 E Grant St, Roma, TX 78584
      View Details
    • $1,850 /Mo
      2,520 SF

      Roma, TX Commercial Space

      2,520 square foot commercial space with drive-thru and office.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $400 /Mo
      720 SF

      Roma, TX Retail/Office Space

      Versatile 720 SF space in high-traffic Roma location.
      1208 N Grant St, Roma, TX 78584
      View Details
    • $1,500 /Mo
      1,800 SF

      Roma, TX Drive-Thru Opportunity

      1,800 SF Roma property suitable 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 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
      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
      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?
    Retail property - High-traffic retail land 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 $19 SF/Yr.
    What are key features of this property?
    This property features: 32,757.12 SF retail lot in Roma, TX.; Located at 24 E Grant Street, near the Roma Port of Entry.; High traffic area with 21,689 VPD.
    Request Owner's contact information
    24 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
    24 Grant St Roma, TX 78584
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    We can help!
    Listing Contact
    Hiram Diaz
    Hiram Diaz
    Learn more
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