Add Listing
    For Lease
    • 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

    864 Central Blvd, Unit 3200 Brownsville, TX 78520

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - BROWNSVILLE, TX

    Property size:
    2,301 SF
    Days on Market:
    116
    Last Refresh:
    Feb 26 at 6:06 pm

    Property Features for 864 Central Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    2,301 SF

    Building Details

    Year built
    1982
    Floors in Building
    1

    We can help!

    Listing Contact
    Bruno Zavaleta
    Bruno Zavaleta

    Zavaleta Realty, LLC (956) 408-0133

    Listing agent Bruno Zavaleta (956) 408-0133

    Listing date Nov 3, 2025

    MLS# 29769236

    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.

    Learn more

    Property Insight Report

    Overview

    Medical Space Near Valley Baptist

    Located at 864 Central Blvd, Suite 3200, this commercial space offers approximately 2,301 SF in a stand-alone building directly adjacent to Valley Baptist Medical Center. The space is currently built out for physical therapy and includes a pool as well as restrooms with showers. The Central Professional Building serves a diverse range of professional tenants and is positioned in a densely populated, centrally located area, making it an ideal setting for a variety of business uses. The landlord is open to splitting the approximately 4,603 SF space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Progressive Therapy, LLC Physician Valley Doctors Clinic: ... Physician Pediatric Heart Clinic Medical Clinic Pettorino Roselle MD Physician Valley Pediatric Associates Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.5106163
    Latitude
    25.9192765

    Nearby Similar for Lease

    • $18 SF/Yr
      4,000 SF

      Downtown Retail or Office Space

      Versatile 4,000 SF space in central downtown location.
      934 E Levee St, Brownsville, TX 78520
      View Details
    • $6,500 /Mo
      7,000 SF

      Retail Space in Brownsville, TX

      7,000 sq ft retail space for rent.
      2223 Central Blvd, Brownsville, TX 78520
      View Details
    • $15 SF/Yr
      7,554 SF

      Retail Space Available For Rent

      7554 square feet retail space available for rent.
      185 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • $13 SF/Yr
      18,320 SF

      Spacious Office Building on Mackintosh

      18,320 SF office building on 2.25 acres with ample parking.
      1060 Mackintosh Dr, Brownsville, TX 78521
      View Details
    • $18 SF/Yr
      2,000 SF

      Office Space Available For Rent

      Office space available for lease in Brownsville, Texas.
      4202 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      60,000 SF

      Downtown Brownsville Office Space Available

      30,000 SF shell space in downtown Brownsville.
      315 E 12Th St, Brownsville, TX 78520
      View Details
    • Contact for pricing
      5,250 SF

      Retail Space Available For Lease

      Retail space available for lease in Brownsville, TX.
      724 Central Blvd, Brownsville, TX 78520
      View Details
    • $24 SF/Yr
      1,240 SF

      Retail Space Available For Rent

      Retail space available for lease in Brownsville, TX.
      2950 Southmost Blvd, Brownsville, TX
      View Details
    • $15 SF/Yr
      10,490 SF

      Retail Space on Boca Chica

      Retail property available for lease on Boca Chica Blvd.
      2200 Boca Chica Blvd, Brownsville, TX 78521
      View Details
    • Contact for pricing
      25,902 SF

      Brownsville Theater Retail Opportunity

      25,902 sqft free-standing theater in Brownsville, TX for rent.
      3471 Old Highway 77, Brownsville, TX 78520
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Available For Rent

      2,200 square feet retail space for rent.
      1425 Ruben Torres Sr Blvd, Brownsville, TX
      View Details
    • $13,500 /Mo
      15,000 SF

      Brownsville Warehouse Space Available

      15,000 square foot warehouse space for rent in Brownsville.
      1605 Us Highway 281, Brownsville, TX 78520
      View Details

    FAQs

    What type of property is this?
    Medical space - 2,301 SF medical space adjacent to Valley Baptist Medical Center.
    Where is this medical space located?
    The property is located at 864 Central Blvd, Unit 3200 Brownsville, TX.
    What are key features of this property?
    This property features: - Directly adjacent to Valley Baptist Medical Center; - Built out for physical therapy, **including a pool**; - Restrooms with showers
    (956) 408-0133
    Request Owner's contact information
    864 Central Blvd, Unit 3200 Brownsville, TX 78520
    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.
    864 Central Blvd, Unit 3200
    Brownsville, TX 78520
    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
    864 Central Blvd, Unit 3200 Brownsville, TX 78520
    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

    We can help!
    Listing Contact
    Bruno Zavaleta
    Bruno Zavaleta
    Real Estate License ID: 0600113
    (956) 408-0133 (956) 410-0747 (956) 928-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!