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    Property profile & analytics

    3232 Bob Rogers Dr Eagle Pass, TX 78852

    • Commercial real estate
    • 7,552 SF
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5762468
    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 3232 Bob Rogers Dr

    Year built
    1
    Property size
    7,552 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a seven-unit Class A apartment building located at 3232 Bob Rogers Dr, Eagle Pass, TX 78852. The property boasts a total of 7,552 square feet situated on a 20,201 square foot lot, with permitted commercial zoning. Built in 2001, this two-story complex comprises seven contemporary townhomes, each featuring two bedrooms and 1.5 bathrooms, totaling approximately 968 square feet. All units are currently leased at $1,300 per month, resulting in 100% occupancy. Each unit includes keyless entry, modern kitchen appliances, an open-concept living/dining/kitchen area, and central air and heating. Tenants are responsible for utilities. The property offers two parking spaces per unit and benefits from its proximity to Fort Duncan Medical Center, local restaurants, and hotels. The asking price is $1,400,000 ($200,000 per unit, $185.38 per square foot). Annual property taxes are $7,621.41. Individual water and electric meters are installed in each unit. A 24-hour notice is required for all showings. This is a turnkey investment with strong rental income and a desirable location.

    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
    Eagle Pass
    County
    Maverick
    State
    Texas
    Longitude
    -100.45848352909
    Latitude
    28.712549648092

    Comparable in this City

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      4,958 SF

      Eagle Pass Apartment Complex For Sale

      Six-unit apartment complex near casino with expansion potential.
      852 Wagon Wheel Rd, Eagle Pass, TX 78852
      View Details
    • $1,890,000
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      Eagle Pass Multifamily Investment

      16-unit multifamily property near shopping and schools in Eagle Pass.
      800 Bibb Ave, Eagle Pass, TX 78852
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    • New
      $985,000
      3,600 SF

      Multifamily Investment Opportunity in Eagle Pass

      Multifamily property with eight apartments, each with two bedrooms.
      639 Las Brisas Dr, Eagle Pass, TX 78852
      View Details
    • $1,390,000
      26 SF

      Multifamily Property in Eagle Pass

      Thirteen-unit multifamily property generating $10,925 monthly in Eagle Pass, TX.
      1787 Calle Ginebra, Eagle Pass, TX 78852
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    • $500,000
      2,112 SF

      Eagle Pass Multifamily Investment Opportunity

      Multifamily property with 8 apartments, great investment opportunity.
      3458 Del Rio Blvd, Eagle Pass, TX 78852
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    • $1,400,000
      7,252 SF

      Eagle Pass Townhome Investment Opportunity

      Seven modern townhomes near Fort Duncan Medical Center.
      3232 Bob Rogers Dr, Eagle Pass, TX 78852
      View Details

    Similar Nearby for Sale

    • $615,000
      4,958 SF

      Eagle Pass Apartment Complex For Sale

      Six-unit apartment complex near casino with expansion potential.
      852 Wagon Wheel Rd, Eagle Pass, TX 78852
      View Details
    • $1,890,000
      4,960 SF

      Eagle Pass Multifamily Investment

      16-unit multifamily property near shopping and schools in Eagle Pass.
      800 Bibb Ave, Eagle Pass, TX 78852
      View Details
    • New
      $985,000
      3,600 SF

      Multifamily Investment Opportunity in Eagle Pass

      Multifamily property with eight apartments, each with two bedrooms.
      639 Las Brisas Dr, Eagle Pass, TX 78852
      View Details
    • $1,390,000
      26 SF

      Multifamily Property in Eagle Pass

      Thirteen-unit multifamily property generating $10,925 monthly in Eagle Pass, TX.
      1787 Calle Ginebra, Eagle Pass, TX 78852
      View Details
    • $500,000
      2,112 SF

      Eagle Pass Multifamily Investment Opportunity

      Multifamily property with 8 apartments, great investment opportunity.
      3458 Del Rio Blvd, Eagle Pass, TX 78852
      View Details
    • $1,400,000
      7,252 SF

      Eagle Pass Townhome Investment Opportunity

      Seven modern townhomes near Fort Duncan Medical Center.
      3232 Bob Rogers Dr, Eagle Pass, TX 78852
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,765 SF

      Maverick Business Park Warehouse

      Eagle Pass, TX: Class A Industrial Space
      10170 State Loop, Eagle Pass, TX 78852
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    • Contact for pricing
      58,452 SF

      Retail Space Available For Lease

      58,452 SF retail property available for lease.
      2083 North Veterans Blvd, Eagle Pass, TX 78852
      View Details
    • Contact for pricing
      110 SF

      Retail Space in Enclosed Mall

      Retail space available in the only enclosed mall.
      455 S Bibb Ave, Eagle Pass, TX 78852
      View Details
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    Eagle Pass, TX 78852
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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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