Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    603 Us Highway 83 Rio Grande City, TX 78582
    Back to Search
    Property profile & analytics

    603 Us Highway 83, Rio Grande City, TX 78582

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

    Current Use by Public Records

    • Land

    Property Details for 603 Us Highway 83

    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in the thriving Rio Grande City, Texas market. Located at 603 E US Hwy 83, this property encompasses two city lots (Lots 11 & 12, Block 13, W Main St), totaling 13,000 square feet. Its prime location on Main Street ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's strategic positioning within the heart of Rio Grande City offers significant potential for development and growth. For businesses requiring even more space, there's an added advantage: the availability of two adjacent city lots to the east and two additional lots to the north on 2nd Street, providing an opportunity to expand the footprint of any project. This is a rare chance to acquire a substantial parcel of commercial land in a desirable location. The asking price for this exceptional property is $209,000. Don't miss this opportunity to secure a prime piece of Rio Grande City real estate. The property is situated in Starr County, Texas, with a zip code of 78582.

    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
    -98.8257
    Latitude
    26.3806

    Comparable in this City

    • Value Estimation by Request

      606 2Nd St

      Land
      606 2Nd St, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      1.99 Acres

      Us Hwy 83 Hwy

      Land
      0 Us Hwy 83 Hwy, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      280 Fm 3167

      Land
      280 Fm 3167, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      1.25 Acres

      Central Palm Dr

      Land
      0 Central Palm Dr, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      755 Country Estates Dr

      Land
      755 Country Estates Dr, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      1301 Other Los

      Land
      1301 Other Los, Los Villareales, TX 78582
      View Details

    Similar Nearby for Sale

    • $189,500
      Pending

      Land in Rio Grande City

      5.09 acres with panoramic views and development potential.
      142 Ala Blanca St, Rio Grande City, TX 78582
      View Details
    • $215,000
      5.68 Acres

      Expansive Land Parcel in Texas

      5.68 acres of land, ideal for investors or homeowners.
      244 Awesome Ave, Rio Grande City, TX 78582
      View Details
    • Contact for pricing

      Expansive Land Parcel in Rio

      36.5-acre land parcel ideal for development in Rio Grande City.
      00 Guerra Garza Rd, Rio Grande City, TX 78582
      View Details
    • $199,000
      4.82 Acres

      Rio Grande City Acreage

      Spacious 4.82 acres near US Hwy 83.
      214 Awesome Ave, Rio Grande City, TX 78582
      View Details
    • $460,000
      Pending

      Rio Grande City Mixed-Use Property

      Mixed-use property suitable for residential, commercial, or agricultural purposes.
      E Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $250,000
      1.99 Acres

      Prime Commercial Land, Rio Grande City

      1.99 Acres, Hwy 83 Frontage, $250K
      0 Us Hwy 83 Hwy, Rio Grande City, TX 78582
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,481,040 SF

      Rio Grande City Commercial Land

      34+/- acres with highway frontage, ideal for various businesses.
      Fm 3167, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      7,915 SF

      Rio Grande City Retail Space

      Retail space available for lease in Rio Grande City, TX.
      4521 Rattler Dr, 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
      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

      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
    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.
    603 Us Highway 83
    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
    603 Us Highway 83, 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!