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Property profile & analytics
OFF-MARKET
Specialty properties

1116-1122 Us Hwy Business 83 Hwy Rio Grande City, TX 78582

Built 1960
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1116-1122 E. US Highway Business 83 Highway E in Rio Grande City, Texas, 78582, presents a unique investment opportunity. Boasting 152 feet of frontage on the heavily trafficked East Highway 83, this lot offers unparalleled visibility, situated near a stoplight for optimal exposure. The property encompasses approximately 5,000 square feet of paved asphalt, a 360-square-foot canopy, and a 1,450-square-foot garage and office space. Built in 1960, the property's history includes a previous use as a gas station. Importantly, underground gasoline and oil storage tanks were professionally removed between 2019 and 2020, with subsequent soil testing confirming the absence of hydrocarbon contamination. The existing wood-frame building, along with all furniture, equipment, and personal property, is excluded from the sale. This prime location near the Historic Fort Ringgold offers significant potential for a variety of commercial ventures. The asking price for this strategically positioned property is $279,000.

Property profile
Verified
Property type Specialty properties
Year built 1960
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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