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    4085 Us Highway 83 Rio Grande City, TX 78582

    • Commercial real estate
    • 3,425 SF
    • 1.34 lot acres
    For Sale
    View listing
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0266148
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4085 Us Highway 83

    Lot size
    1.34 lot acres
    Property size
    3,425 SF
    Property type
    Commercial real estate
    APN
    860710002940000000
    APU
    860710002940000000

    Description

    This exceptional 1.342-acre commercial land parcel is strategically located at 4085 US Highway 83 in Rio Grande City, Texas, zip code 78582. The property boasts significant frontage on Highway 83, ensuring high visibility and accessibility for any commercial venture. Its prime location within Hidalgo County offers excellent exposure to a substantial daily traffic volume. The asking price for this remarkable investment opportunity is $350,000. Given its size and location, this land presents a multitude of potential uses, including but not limited to restaurants, retail establishments, and shopping centers. The property's considerable size allows for ample development options, catering to a wide range of commercial needs. This is an unparalleled chance to establish a thriving business in a dynamic and growing area. The coordinates for this property are latitude 26.3921154 and longitude -98.9188104. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. Don't miss this chance to secure a prime location for your next business endeavor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $337,000
      Market price range: $215k - $653k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.9187
    Latitude
    26.3922
    CBSA code
    40100
    CBSA name
    RIO GRANDE CITY-ROMA, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,662
    $116,910
    $28,030
    $144,940
    -
    $116,910
    $28,030
    $144,940

    Comparable in this City

    • Value Estimation by Request
      176,693 SF

      83 & Pete Diaz Ave

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    • Value Estimation by Request
      8.35 Acres

      00 Us Highway 83

      Farms • 8.35 Acres
      00 Us Highway 83, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request

      508 Garcia St

      Restaurants
      508 Garcia St, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      1.00 Acre

      3239 Us Hwy 83 Hwy

      Restaurants • 1.00 Acre
      3239 Us Hwy 83 Hwy, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      132.00 Acres

      770 Alvarez Rd

      Land • 132.00 Acres
      770 Alvarez Rd, Rio Grande City, TX 78582
      View Details
    • Value Estimation by Request
      16.27 Acres

      Tbd Mi Ranchita Dr

      Land • 16.27 Acres
      0 Tbd Mi Ranchita Dr, Rio Grande City, TX 78582
      View Details

    Similar Nearby for Sale

    • $205,000

      Prime Rio Grande City Land

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      Rio Grande City Commercial Land

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      Highway 83 Commercial Property

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      Rio Grande City Commercial Land

      Prime Commercial Lot, 17,995 SF
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    • $627,000
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      Rio Grande City Commercial Land

      Prime 0.9-acre commercial lot in Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      2,910 SF

      Starr Plaza Retail Space for Lease

      Prime Rio Grande City retail space available.
      4027 Us Highway 83, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      176,693 SF

      Starr Plaza: Rio Grande City Retail

      Prime Retail Space, Hwy 83, Starr County, TX
      83 & Pete Diaz Ave, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      4,581 SF

      Rio Grande City Retail Spaces

      Prime Retail/Office, High-Traffic Location
      4343 Us Highway 83, Rio Grande City, TX 78582
      View Details
    • $1,000 /Mo
      1 SF

      Prime Land for New Development

      1.28 acres suitable for retail, office, or mixed-use development.
      37 Redwood St, Rio Grande City, TX 78582
      View Details
    • $2,500 /Mo
      1,481,040 SF

      Rio Grande City Commercial Land

      34+/- acres with highway frontage available for commercial lease.
      0000 Fm 3167, 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
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    4085 Us Highway 83
    Rio Grande City, TX 78582
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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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