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

    2223 Veterans Blvd Del Rio, TX 78840-3120

    • Commercial real estate
    • 26,859 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6391599
    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

    • Dr. Prasada V. Sanku Lakshmi, DDS / Dental Office
    • Kelly Allison / Dental Office
    • Dyer Heather Ann / Dental Office
    • Dr. Thomas M. Taylor, DMD / Dental Office
    • Dr. Octavio Oliva / Dental Office

    Property Details for 2223 Veterans Blvd

    Year built
    1982
    Lot size
    1.11 lot acres
    Property size
    26,859 SF
    Property type
    Commercial real estate
    APN
    14594
    APU
    14594

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,295,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,820,000
      Change: +41% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.903
    Latitude
    29.3927
    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
    $23,183
    $111,509
    $1,383,622
    $1,495,131
    -
    $111,509
    $1,383,622
    $1,495,131

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      1918 Veterans Blvd

      COMMERCIAL (GENERAL) • 0.03 Acres
      1918 Veterans Blvd, Del Rio, TX 78840-3328
      View Details
    • Value Estimation by Request
      0.19 Acres

      310 Gibbs St

      COMMERCIAL (GENERAL) • 0.19 Acres
      310 Gibbs St, Del Rio, TX 78840-4626
      View Details
    • Value Estimation by Request
      1.17 Acres

      Del Rio, TX 78840

      COMMERCIAL (GENERAL) • 1.17 Acres
      Del Rio, TX 78840
      View Details
    • Value Estimation by Request
      0.32 Acres

      Skyline St

      COMMERCIAL (GENERAL) • 0.32 Acres
      Skyline St, Del Rio, TX 78840
      View Details
    • Value Estimation by Request
      1.15 Acres

      Spur 239

      COMMERCIAL (GENERAL) • 1.15 Acres
      Spur 239, Del Rio, TX 78840
      View Details
    • Value Estimation by Request
      3.13 Acres

      4350 Us-90

      Land • 3.13 Acres
      4350 Us-90, Del Rio, TX 78840
      View Details

    Similar Nearby for Sale

    • $350,000
      3.44 Acres

      Del Rio Commercial Land - 3.44 Acres

      Prime Texas location, C-2-A zoning, high traffic.
      3993 Us Highway 90, Del Rio, TX 78840
      View Details
    • $472,500
      150.66 Acres

      Prime Hunting Land in Texas Hill Country

      150 Acres, Cabin, Abundant Wildlife
      1052 Steep Rd, Del Rio, TX 78840
      View Details
    • $1,100,000
      30,000 SF

      Del Rio Warehouse: Sale/Lease

      30,000 SF Warehouse, Move-In Ready
      100 Lupita Cir, Del Rio, TX 78840
      View Details
    • $170,000
      1.95 Acres

      Commercial Land on Highway 90

      Commercial acreage on Hwy 90 W, close to Amistad Lake.
      5 Block M Us Hwy 90, Del Rio, TX 78840
      View Details
    • $32,500
      0.29 Acres

      Residential Lots in Del Rio

      Two residential lots available for sale in Del Rio, TX.
      4 Lakeview, Del Rio, TX 78840
      View Details
    • $315,000
      19,601 SF

      Del Rio Industrial/Warehouse Opportunity

      Downtown Del Rio industrial/warehouse with retail potential for sale.
      117 W Martin St, Del Rio, TX 78840
      View Details

    Similar Nearby for Lease

    • $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
    • $550 /Mo
      410 SF

      Del Rio Office/Retail Space

      Versatile 410 sq ft building in high-visibility Del Rio area.
      600 B E 10th, Del Rio, TX 78840
      View Details
    • $1,600 /Mo
      1,350 SF

      Del Rio Retail/Office Space

      1350 sq ft space suitable for retail or office.
      513 Bedell Ave, 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
    • $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
    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.
    2223 Veterans Blvd
    Del Rio, TX 78840-3120
    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.