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Property profile & analytics

232 Rice St Falfurrias, TX 78355-3622

  • Commercial real estate
  • 3,888 SF
OFF-MARKET
Value Estimations
$545,000
Cap Rate Potential
Location Intelligence
Property ID
US83-0319520
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 232 Rice St

Property size
3,888 SF
Property type
Commercial real estate
APN
02950-0002-002-00
APU
2950000200200

Description

This exceptional mixed-use property, located at 232 E Rice St in Falfurrias, Texas, presents a compelling investment opportunity. The 4,500 square foot building, originally constructed in 1932 and renovated within the last 10 years, boasts a prime downtown location offering excellent visibility and accessibility. Situated near Highway 281 and major arterial roads, the property benefits from high traffic volume and convenient access for customers and employees. The building is a single-story structure with permitted "C" zoning, providing flexibility for a variety of commercial uses. The asking price is $360,000, translating to $80 per square foot. This represents a strong value proposition in a thriving local economy with a vibrant community and abundant amenities. The property's historical character combined with its modern updates makes it an ideal investment for entrepreneurs and savvy investors seeking a unique and profitable venture in a desirable Texas location. The property's single building structure simplifies management and maintenance, making it an attractive option for those seeking a low-maintenance investment. This is a rare opportunity to acquire a well-maintained, historically significant building in a growing Texas town. The property's location in Brooks County, Texas, zip code 78355, offers easy access to regional transportation networks.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Falfurrias
County
Brooks
State
Texas
Longitude
-98.1423
Latitude
27.2263

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
$2,906
$7,480
$97,042
$104,522
-
$7,480
$97,042
$104,522
More about this property
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