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    606 W 2Nd St Rio Grande City, TX 78582
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    606 W 2Nd St, Rio Grande City, TX 78582

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    • Commercial land
    For Sale
    $209,000
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    Rio Grande City Land Opportunity For Sale
    $209,000
    0.30 Acres

    Rio Grande City Land Opportunity

    Prime location in Rio Grande City with 13,000 sqft.

    606 W 2nd St, Rio Grande City, TX 78582
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    Property ID
    US83-0544382
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 606 W 2Nd St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This prime location is situated in the heart of Rio Grande City on 2nd Street and consist of two (2) city lots with a total of 13,000 sq ft. If more space is needed there is additional four (4) city lots to on the south side of this city block on Main St that can be purchase as well. Don't miss this one of a kind opportunity. Make your offer today!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.82503
    Latitude
    26.381493

    Comparable in this City

    • Contact for pricing

      Highway Frontage Mixed-Use Land

      Commercial land with highway frontage suitable for mixed-use development.
      6580 Us Hwy 83 Hwy, Rio Grande City, TX 78582
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      2.00 Acre Commercial Lot

      Commercial lot with high visibility and highway frontage.
      2071 N Fm 755, Rio Grande City, TX 78582
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      Commercial Land Near Highway 83

      Commercial land with frontage on Pete Diaz Drive.
      101-103 S Pete Diaz St S, Rio Grande City, TX 78582
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    • $139,000
      33,279 SF

      Highway Frontage Commercial Lot

      0.76-acre commercial lot with high visibility on US Highway.
      4239 Us Highway 83, Rio Grande City, TX 78582
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      3,450 SF

      Corner Lot with Existing Building

      3-acre corner lot with a 3,450 SF concrete building.
      0000 Nixon St E, Rio Grande City, TX 78582
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    Similar Nearby for Sale

    • Contact for pricing

      Highway Frontage Mixed-Use Land

      Commercial land with highway frontage suitable for mixed-use development.
      6580 Us Hwy 83 Hwy, Rio Grande City, TX 78582
      View Details
    • Contact for pricing

      2.00 Acre Commercial Lot

      Commercial lot with high visibility and highway frontage.
      2071 N Fm 755, Rio Grande City, TX 78582
      View Details
    • Contact for pricing

      Commercial Land Near Highway 83

      Commercial land with frontage on Pete Diaz Drive.
      101-103 S Pete Diaz St S, Rio Grande City, TX 78582
      View Details
    • $139,000
      33,279 SF

      Highway Frontage Commercial Lot

      0.76-acre commercial lot with high visibility on US Highway.
      4239 Us Highway 83, Rio Grande City, TX 78582
      View Details
    • Contact for pricing
      3,450 SF

      Corner Lot with Existing Building

      3-acre corner lot with a 3,450 SF concrete building.
      0000 Nixon St E, Rio Grande City, TX 78582
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,481,040 SF

      Rio Grande City Commercial Land

      34+/- acres with highway frontage, ideal for various businesses.
      Fm 3167, Rio Grande City, TX 78582
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      7,915 SF

      Rio Grande City Retail Space

      Retail space available for lease in Rio Grande City, TX.
      4521 Rattler Dr, Rio Grande City, TX 78582
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    • $1.45 SF/Yr
      12,000 SF

      Rio Grande City Commercial Plaza

      Modern plaza, 12 units, ample parking.
      216 Fm 3167, Rio Grande City, TX 78582
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      1,650 SF

      Retail Space in Starr Plaza

      Grocery-anchored retail space for lease in Rio Grande City.
      4023 Us Highway 83, Rio Grande City, TX 78582
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      4,581 SF

      Rio Grande City Retail Spaces

      Prime Retail/Office, High-Traffic Location
      4343 Us Highway 83, Rio Grande City, TX 78582
      View Details
    View Listing
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    Rio Grande City, TX 78582
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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.

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