Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Rockwell Way, Unit 115 Del Rio, TX 78840-2249

    • Apartment buildings
    • 5,784 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6563975
    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

    • Apartment buildings

    Property Details for 113 Rockwell Way

    Year built
    1997
    Lot size
    0.25 lot acres
    Property size
    5,784 SF
    Property type
    Apartment buildings
    APN
    41803
    APU
    41803

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.923
    Latitude
    29.3814
    CBSA code
    19620
    CBSA name
    DEL RIO, 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
    $4,392
    $36,162
    $404,757
    $440,919
    -
    $36,162
    $404,757
    $440,919

    Comparable in this City

    • Value Estimation by Request
      4,368 SF

      113 Ware St

      APARTMENT HOUSE (100+ UNITS) • 4,368 SF
      113 Ware St, Del Rio, TX 78840-4920
      View Details
    • Value Estimation by Request
      4,975 SF

      117 Rio Seco Dr

      APARTMENT HOUSE (100+ UNITS) • 4,975 SF
      117 Rio Seco Dr, Del Rio, TX 78840-2596
      View Details
    • Value Estimation by Request
      7,760 SF

      223 Fletcher Dr

      APARTMENT HOUSE (100+ UNITS) • 7,760 SF
      223 Fletcher Dr, Del Rio, TX 78840-3092
      View Details
    • Value Estimation by Request
      5,460 SF

      203 Garfield St

      APARTMENT HOUSE (100+ UNITS) • 5,460 SF
      203 Garfield St, Del Rio, TX 78840-5509
      View Details
    • Value Estimation by Request
      5,184 SF

      307 James Dr

      APARTMENT HOUSE (100+ UNITS) • 5,184 SF
      307 James Dr, Del Rio, TX 78840-6208
      View Details
    • Value Estimation by Request
      4,774 SF

      132 Jeffery Dr

      APARTMENT HOUSE (100+ UNITS) • 4,774 SF
      132 Jeffery Dr, Del Rio, TX 78840-8728
      View Details

    Similar Nearby for Sale

    • $249,000
      2,126 SF

      Remodeled Duplex in Del Rio

      Remodeled 2-bedroom duplex, investment opportunity in a centralized location.
      1104 Bedell Ave, Del Rio, TX 78840
      View Details
    • $750,000
      572,683 SF

      Three Rivers MHP & RV Park Investment

      Value-add mobile home & RV park in Texas.
      9685 Us Highway 90, Del Rio, TX 78840
      View Details
    • $349,325
      1,872 SF

      Del Rio Duplex Investment Opportunity

      Well-maintained duplex in Del Rio with strong income potential.
      307 A & B Ave, Del Rio, TX 78840
      View Details
    • New
      $214,950
      1,800 SF

      Del Rio Duplex Investment

      Duplex near Veterans Blvd, Del Rio, great investment opportunity.
      123 A & B Foster, Del Rio, TX 78840
      View Details
    • New
      $1,500,000
      13,440 SF

      Income-Producing Property Near Lake Amistad

      Turn-key rental property with expansion potential near Lake Amistad.
      6748 Texas Rd, Del Rio, TX 78840
      View Details
    • $345,000
      2,340 SF

      Del Rio Investment Opportunity

      Commercial corner building with house and two apartments for sale.
      500 N Main St, Del Rio, TX 78840
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      6,552 SF

      Downtown Retail Space Available

      Prime retail space in high-traffic downtown location.
      608 Las Vacas St, Del Rio, TX 78840
      View Details
    • $700 /Mo
      800 SF

      Del Rio Warehouse Bay Rental

      800 sq ft warehouse bay with included utilities and Wi-Fi.
      6096 W Us Highway 90, Del Rio, TX 78840
      View Details
    • New
      $2,658 /Mo
      1,876 SF

      High-Traffic Retail Space in Del Rio

      Prime retail space in a busy, well-maintained Del Rio center.
      2409 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $2,200 /Mo
      2,200 SF

      Prime Commercial Space on Veterans

      2,200 sq ft commercial space ideal for retail, office, restaurant.
      414 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $3 SF/Yr
      30,000 SF

      Del Rio Industrial Warehouse

      30,000 SF Warehouse - Move-In Ready
      100 Lupita Cir, Del Rio, TX 78840
      View Details
    • Contact for pricing
      4,615 SF

      Retail Spaces in Del Rio Plaza

      Two retail spaces available for lease in Del Rio, Texas.
      2415 Veterans Blvd, Del Rio, TX 78840
      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.
    113 Rockwell Way, Unit 115
    Del Rio, TX 78840-2249
    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

    Google sign-in failed. Please try again or use another login method.