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    108 Ridge Ln San Juan, TX 78589

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    108 Ridge Ln San Juan, TX 78589

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    • Small apartment buildings
    Off-Market
    Property ID
    US82-5541167
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 108 Ridge Ln

    Year built
    2012
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a fully rented four-unit apartment building situated on a substantial 11,464.99 square foot lot in the thriving city of San Juan, Texas. Constructed in 2012, this property comprises two buildings, offering a total of four rental units. The asking price is $445,000. This multifamily property is ideally positioned for investors seeking immediate cash flow and strong potential for future appreciation. Its prime location offers convenient access to major expressways, ensuring easy commutes for residents. Proximity to hospitals and other essential amenities further enhances its desirability. The property's solid construction and established tenancy make it an attractive proposition for both seasoned investors and those new to the market. The 2012 construction date suggests relatively low maintenance needs in the near future, contributing to a potentially strong return on investment. This turnkey investment is ready for immediate ownership and income generation. The property's size and location within the growing city of San Juan, Texas, present a compelling opportunity for long-term growth and profitability. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1506982
    Latitude
    26.2274708

    Comparable in this City

    • Contact for pricing
      1,972 SF

      Multifamily Property Investment Opportunity

      Two buildings with seven units, great investment opportunity.
      5105 N Raul Longoria Rd, San Juan, TX 78589
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    • $509,000
      4,456 SF

      San Juan Fourplex Investment Opportunity

      Fourplex in San Juan, TX, with strong rental income potential.
      405 Rafael Dr, San Juan, TX 78589
      View Details
    • $545,000
      1,080 SF

      New Fourplex in San Juan

      Turnkey, income-producing fourplex built in 2023 in a high-demand area.
      1702 Angelina Dr, San Juan, TX 78589
      View Details
    • $430,000
      4,480 SF

      Income-Producing 4-Plex Built in 2020

      Well-kept 4-plex with strong rental potential, built in 2020.
      300 S Ridge Ln, San Juan, TX 78589
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,972 SF

      Multifamily Property Investment Opportunity

      Two buildings with seven units, great investment opportunity.
      5105 N Raul Longoria Rd, San Juan, TX 78589
      View Details
    • $509,000
      4,456 SF

      San Juan Fourplex Investment Opportunity

      Fourplex in San Juan, TX, with strong rental income potential.
      405 Rafael Dr, San Juan, TX 78589
      View Details
    • $545,000
      1,080 SF

      New Fourplex in San Juan

      Turnkey, income-producing fourplex built in 2023 in a high-demand area.
      1702 Angelina Dr, San Juan, TX 78589
      View Details
    • $430,000
      4,480 SF

      Income-Producing 4-Plex Built in 2020

      Well-kept 4-plex with strong rental potential, built in 2020.
      300 S Ridge Ln, San Juan, TX 78589
      View Details

    Similar Nearby for Lease

    • $230 SF/Yr
      26 SF

      Raul Longoria Road Food Truck Park

      Prime Food Truck Spaces Available
      00 Raul Longoria Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      2,400 SF

      Move-in Ready San Benito Office

      Well-maintained 2,400 SF office suite in San Benito, TX.
      2489 400, San Benito, TX 78589
      View Details
    • Contact for pricing

      Land For Lease

      Commercial land available for lease.
      501 Cesar Chavez Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      393,700 SF

      Industrial Park at Trade Focal Point

      Master-planned industrial park at the intersection of international trade.
      Intersection Of Military Hwy & San Juan Rd, Pharr, TX 78589
      View Details
    • $14 SF/Yr

      San Juan Commercial Property ForRent

      Commercial property with excellent visibility and high traffic.
      801 E Interstate Hwy 2, San Juan, TX 78589
      View Details
    • $15 SF/Yr
      23,700 SF

      San Juan Retail Space Available

      Retail space for lease in a revitalized San Juan center.
      1618 N Veterans Blvd, San Juan, TX 78589
      View Details
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    San Juan, TX 78589
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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.

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    108 Ridge Ln, San Juan, TX, 78589

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