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    3762 Tx-19 Riverside, TX 77367

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    3762 Tx-19 Riverside, TX 77367

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    • Retail properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3762 Tx-19

    Property size
    4,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Storefront properties

    Description

    This exceptional retail space, totaling 2,300 square feet, is ideally situated at 3762 TX-19 in Riverside, Texas, zip code 77367. Boasting a prime location on Highway 19, this single-tenant storefront offers unparalleled visibility and accessibility for businesses seeking high foot traffic. The property is part of a larger building encompassing 4,000 square feet, providing ample space for potential expansion or shared amenities. The building's design is well-suited for a variety of retail uses, making it an attractive option for a diverse range of businesses. The address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This property presents a unique opportunity for businesses looking to establish a strong presence in a thriving Riverside community. The 2,300 square feet of vacant space is ready for immediate occupancy, allowing for a quick and efficient start to operations. The property's location on Highway 19 guarantees significant exposure to a large volume of daily traffic, maximizing the potential for customer engagement and business growth. This is a rare opportunity to secure a high-impact retail space in a desirable location. Interested parties are encouraged to inquire promptly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Walker
    State
    Texas
    Longitude
    -95.4038
    Latitude
    30.8524

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      3761 State Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      3761 State Hwy 19th N, Riverside, TX 77367
      View Details
    • Value Estimation
      $540,000
      8,160 SF

      3736 Hwy 19

      GROCERY, SUPERMARKET • 8,160 SF
      3736 Hwy 19, Riverside, TX 77367
      View Details
    • Value Estimation by Request
      5,316 SF

      3782-A State Hwy 19a

      CONVENIENCE STORE • 5,316 SF
      3782-A State Hwy 19a, Riverside, TX 77367
      View Details
    • Value Estimation by Request
      10,465 SF

      Fm 980

      RETAIL STORES (PERSONAL SERVICES) • 10,465 SF
      Fm 980, Riverside, TX 77367
      View Details
    • Value Estimation by Request
      3,000 SF

      3772 State Hwy 19

      CONVENIENCE STORE • 3,000 SF
      3772 State Hwy 19, Riverside, TX 77367
      View Details
    • Value Estimation by Request
      4,000 SF

      3722 Hwy 19

      CONVENIENCE STORE • 4,000 SF
      3722 Hwy 19, Riverside, TX 77367
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,300 SF

      Riverside Retail Space For Lease

      2300 sq ft retail space with highway access and parking.
      3762 Highway 19, Riverside, TX 77367
      View Details
    • Contact for pricing

      Riverside Retail Space For Lease

      Retail space available for lease in Riverside, Texas.
      3762 Tx-19, Riverside, TX 77367
      View Details
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    3762 Tx-19
    Riverside, TX 77367
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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
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