Corner Office
For Sale
$385,000
1002 Taylor Street, Brownsville, TX 78520
Well-maintained office property with private offices, conference rooms, and a dedicated storage attic.
Property Size3,372 SF
Price / SF$114.18
Days on Market36
Property Features for 1002 Taylor Street
General Information
Standard status
Active
Size
3,372 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,130
Amenities
private offices
conference rooms
bathrooms
water fountains
kitchen area
storage attic
Central Air, Electric
3
5 Parking Spaces. Paved Driveway.
Downtown, City Road.
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Realty Solutions
Listed By:
Zaida Trevino · License #0508770
(956) 455-5956
Source:
Xome
Added: Aug 3
Changed: Sep 5
Last Checked: Sep 7 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Solutions
Investment Insights
Based on property information with market context.
This well-maintained office building provides approximately 3372 square feet on a corner lot. The layout includes 4 private offices, 2 conference rooms, 2 bathrooms, 2 water fountains, a kitchen area, and a 400 square foot storage attic.
Located at 1002 Taylor Street in Brownsville, the property is two blocks from the Cameron County courthouses on Harrison Street and within walking distance of the courthouse and downtown. The combination of office configuration, support areas, and central setting accommodates professional office and other commercial uses identified for the property.
Located at 1002 Taylor Street in Brownsville, the property is two blocks from the Cameron County courthouses on Harrison Street and within walking distance of the courthouse and downtown. The combination of office configuration, support areas, and central setting accommodates professional office and other commercial uses identified for the property.
Key Highlights
- Approximately 3372 square feet of office space on a corner lot
- 4 private offices and 2 conference rooms
- 2 bathrooms, 2 water fountains, and a kitchen area
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
$30,955
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
8.04%
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%
$619,100
$619.1K
Cap Rate 7%
$442,214
$442.2K
Cap Rate 9%
$343,944
$343.9K
Market Conditions
NOI Build-Up for 3,372 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
$60.7K $18.00/SF
− Vacancy
−$19.4K −$5.76/SF
EGI
$41.3K $12.24/SF
− OpEx
−$10.3K −$3.06/SF
NOI
$31.0K $9.18/SF
Area
Brownsville, TX
Vacancy
32.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$619,100
Cap Rate 7%
$442,214
Cap Rate 9%
$343,944
Alternative Uses
Best Use
Office B
$442.2K
$386.9K – $515.9K
NOI $30,955 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$580.6K
$508.0K – $677.4K
NOI $40,642 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with private offices, conference rooms, and a dedicated storage attic.
Where is this office building located?
The property is located at 1002 Taylor Street Brownsville, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 3372 square feet of office space on a corner lot; 4 private offices and 2 conference rooms; 2 bathrooms, 2 water fountains, and a kitchen area
