Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    283 Nicolas Lopez St Rio Grande City, TX 78582
    Property profile & analytics

    283 Nicolas Lopez St, Rio Grande City, TX 78582

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 283 Nicolas Lopez St

    Year built
    2001
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a two-unit duplex ideally situated in the rapidly expanding Rio Grande City, Texas. Located just one block from Highway 83, this property boasts unparalleled convenience and accessibility. Built in 2001, the single building sits on a generous 5,249.85 square foot lot. Each of the two identical units offers two bedrooms and one bathroom, providing comfortable and functional living spaces for tenants. The property's strategic location and the strong rental demand in the area make it an attractive prospect for investors seeking a stable and profitable income stream. The asking price of $80,000 represents a compelling value for a turnkey investment property in a thriving market. This duplex presents a rare chance to acquire a well-maintained, income-producing asset in a high-growth region of the Rio Grande Valley. The identical unit layouts simplify management and maintenance, further enhancing the property's appeal to discerning investors. Don't miss this chance to secure a piece of the Rio Grande Valley's burgeoning real estate market. This property is priced to sell quickly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.6641
    Latitude
    26.3151

    Comparable in this City

    • Value Estimation by Request

      36 Alegria Cir

      Multifamily properties
      36 Alegria Cir, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      1,990 SF

      96 Albeza Ave

      Multifamily properties
      96 Albeza Ave, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      2,210 SF

      5318 Vision St

      Multifamily properties
      5318 Vision St, Los Villareales, TX 78582
      View Details
    • Value Estimation by Request

      1201 Cornerstone Loop

      Multifamily properties
      1201 Cornerstone Loop, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      1014 Cedarwood Dr

      Multifamily properties
      1014 Cedarwood Dr, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      1795 Trevino St

      Multifamily properties
      1795 Trevino St, Rio Grande City, TX 78582
      View Details

    Similar Nearby for Sale

    • $330,000

      Rio Grande City Triplex Investment

      Three-unit apartment building, new construction.
      5302 Vision St, La Grulla, TX 78582
      View Details
    • $449,500
      4,650 SF

      Fully Occupied Multifamily Investment Property

      Five-unit multifamily property in Rio Grande City, fully leased.
      302 Papalote Rd, Rio Grande City, TX 78582
      View Details
    • $3,360,000
      40,432 SF

      Multifamily Investment in Rio Grande

      40-unit multifamily property in Rio Grande City, Texas.
      1214 Cornerstone Loop, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      26,770 SF

      32-Unit Multifamily Investment Opportunity

      32-unit multifamily property with recent renovations and strong rental demand.
      5007 E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      4,650 SF

      Fully Occupied Multifamily Investment Property

      Five-unit multifamily property with immediate rental income in growing area.
      302 Papalote Rd, Rio Grande City, TX 78582
      View Details
    • New
      $329,000
      2,485 SF

      Modern Triplex with Furnished Unit

      Triplex with three fully independent units, modern finishes, dedicated parking, and one furnished unit for immediate use.
      5302 Vision St, Rio Grande City, TX 78582
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space For Rent

      3,150 SF medical office space in Rio Grande City.
      5326 E Us Hwy 83 # 1, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      2,482 SF

      Restaurant Space with Drive-Thru

      Former QSR with drive-thru available for ground lease.
      4515 Us Highway 83 E, Rio Grande City, TX 78582
      View Details
    • Contact for pricing

      Rio Grande City Retail Space

      Retail spaces available in Rio Grande City, Texas.
      Rio Grande City, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in Starr Plaza

      Grocery-anchored retail space for lease in Rio Grande City.
      4023 Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $1.45 SF/Yr
      12,000 SF

      Rio Grande City Commercial Plaza

      Modern plaza, 12 units, ample parking.
      216 Fm 3167, Rio Grande City, TX 78582
      View Details
    Request Owner's contact information
    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.
    283 Nicolas Lopez St
    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
    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

    Thank You for Inquiry
    283 Nicolas Lopez St, Rio Grande City, TX, 78582
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!