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    Property profile & analytics

    1972 Grant St Roma, TX 78584

    • Commercial real estate
    • 1.03 lot acres
    For Sale
    View listing
    $949,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2637372
    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 1972 Grant St

    Year built
    1988
    Lot size
    1.03 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 1972 Grant Street in Roma, Texas, presents a unique investment opportunity. The 1.028-acre lot boasts excellent visibility and frontage on Business Highway 83, a busy thoroughfare ensuring high traffic volume and significant exposure for any business. Constructed in 1988, the property comprises three separate buildings, offering considerable flexibility for a variety of commercial uses. Each building's individual layout and square footage are adaptable to suit diverse business needs, from retail spaces to offices, or a combination thereof. The property's strategic location in Roma, Starr County, Texas, zip code 78584, provides easy access to local amenities and a strong customer base. This is an ideal opportunity for entrepreneurs seeking a well-positioned commercial property with significant potential for growth and return on investment. The asking price is $949,000. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

    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
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -98.9888937
    Latitude
    26.4041645

    Comparable in this City

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      Restaurant and Leased Building on Highway

      Restaurant and leased building on highway with high traffic flow.
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    • $40,000

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      Half-acre lot, owner financing available
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    • $1,200,000
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      Prime Texas farmland, hunting, & potential.
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    • $89,000
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      Roma, TX Residential Land - $89K

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    Similar Nearby for Sale

    • $210,000

      Roma TX Commercial Land & Building

      High-traffic corner lot, endless possibilities.
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    • $290,000
      5.66 Acres

      Roma, TX Commercial Land & Office

      Prime 5.66-acre commercial property; 6,600 sq ft building; endless potential.
      907 Eagle Ave, Roma, TX 78584
      View Details
    • $40,000

      Roma, Texas Residential Land

      Half-acre lot, owner financing available
      2 Ebony Ave, Roma, TX 78584
      View Details
    • $1,200,000
      315.00 Acres

      Texas Farm: 315 Acres, $1.2M

      Prime Texas farmland, hunting, & potential.
      Los Las Escobas Rd, Los Villareales, TX 78584
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    • $400,000
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      Restaurant and Leased Building on Highway

      Restaurant and leased building on highway with high traffic flow.
      4812 W Us Highway 83, Roma, TX 78584
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    • $89,000
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      Roma, TX Residential Land - $89K

      2.18-acre residential lot, prime location.
      00 Azucena St, Roma, TX 78584
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
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      Roma, TX Commercial Property

      Prime Roma Office/Retail Space - 10,414 SF
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    • $3 SF/Yr
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      Grant Street Commercial Property

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    • $19 SF/Yr
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      High-traffic retail land near Roma Port of Entry
      24 Grant St, Roma, TX 78584
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    • $17 SF/Yr
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      Riverview Plaza Retail Space for Lease

      Prime Roma, TX retail space near border.
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    • $1,500 /Mo
      2,720 SF

      Retail/Office Space in High-Traffic Plaza

      Spacious unit near downtown, ideal for retail or medical offices.
      8 E Grant St, Roma, TX 78584
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    • $17 SF/Yr
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      Riverview Plaza Retail Opportunity

      Prime Roma, TX Retail Space
      80 Grant St, Roma, TX 78584
      View Details
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    1972 Grant St
    Roma, TX 78584
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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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