Corner Storefront Retail
For Sale
$215,000
553 E 12TH ST., Brownsville, TX 78520
COMMERCIAL - BROWNSVILLE, TX
Property Size1,412 SF
Lot Size0.03 Acres
Price / SF$152.27
Days on Market149
Property Features for 553 E 12TH ST.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
BROWNSVILLE ORIGINAL TOWNSITE
Standard status
Active
Size
1,412 SF
Lot size
0.03 Acres
Building Details
Year built
1998
Floors in Building
2
Listing Agency:
GRT Realty
(956) 254-0869
Listed By:
Chris Gonzalez · License #0714282
(956) 545-3002
Added: Mar 24
Changed: Aug 4
Last Checked: Aug 19 at 6:06PM
MLS# 29775122
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,412-square-foot storefront property provides commercial space in a corner configuration, with an open presentation that can accommodate a range of business concepts. The building dates to 1998 and is positioned for users seeking a visible presence in downtown Brownsville.
The property is located one block from Market Square, amid revitalized downtown attractions and established pedestrian activity. Its Brownsville setting places the space within a central commercial environment suited to retail, food service, gallery, or office uses, as identified in the property information.
The property is located one block from Market Square, amid revitalized downtown attractions and established pedestrian activity. Its Brownsville setting places the space within a central commercial environment suited to retail, food service, gallery, or office uses, as identified in the property information.
Key Highlights
- 1,412‑square‑foot storefront property
- Corner location in downtown Brownsville
- One block from Market Square
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,720
$268.7K
Cap Rate 7%
$191,943
$191.9K
Cap Rate 9%
$149,289
$149.3K
Market Conditions
NOI Build-Up for 1,412 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.3K $14.40/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$19.2K $13.59/SF
− OpEx
−$5.8K −$4.08/SF
NOI
$13.4K $9.52/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,720
Cap Rate 7%
$191,943
Cap Rate 9%
$149,289
Alternative Uses
Best Use
Retail
$191.9K
$168.0K – $223.9K
NOI $13,436 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$243.1K
$212.7K – $283.7K
NOI $17,019 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 31%
Dining 21%
La Michoacana Meat Market
Groceries
15,766 visits/mo
0.3 miles
Exxon
Shops & Services
9,816 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,716 visits/mo
0.3 miles
Stars Drive-In
Dining
6,872 visits/mo
0.4 miles
Church's Chicken
Dining
3,954 visits/mo
0.4 miles
Demographics for 78520, TX
64,949
Population
22,543
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
69%
High-School Grad
39.7 sq mi
ZIP Area
1,636
Density / Sq Mi
$47,331
Median Household Income
$27,529
Median Earnings
$842
Median Rent
$129,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The prettiest door in town by Marigel wreaths and more — 15 E Jefferson St, Brownsville, TX 78520
- Arreglos florales Jenifer — 1044 W Elizabeth St, Brownsville, TX 78520
- Floreria La Orquidea — 5 Boca Chica Blvd ste 9, Brownsville, TX 78520
- Classic Flowers & Gifts — 517 W Elizabeth St, Brownsville, TX 78520
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown corner storefront with an open commercial layout near Market Square and surrounding revitalized attractions.
Where is this storefront property located?
The property is located at 553 E 12TH ST. Brownsville, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,412‑square‑foot storefront property; Corner location in downtown Brownsville; One block from Market Square
