Remodeled Medical Center For
For Sale
Contact for pricing
Pending
1024 E Los Ebanos Blvd, Brownsville, TX 78520
Two-story medical building in established medical district with flexible space.
Property Size10,441 SF
Lot Size1.00 Acre
Days on Market187
Property Features for 1024 E Los Ebanos Blvd
General Information
Standard status
Pending
Size
10,441 SF
Class
B
Total Parking Spaces
50
Lot size
1.00 Acre
Property subtype
Mixed Use, Office
Zoning
Commercial
Occupancy
50%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1983
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Troy Giles Realty
Listed By:
Troy Giles · License #183902-B
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Jul 25 at 9:16AM
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 Troy Giles Realty
Investment Insights
Based on property information with market context.
Located at 1024 E Los Ebanos Blvd in Brownsville, TX, the Los Ebanos Medical Center is a remodeled two-story office/medical building. The property offers approximately 10,441 SF of flexible space on a ±1-acre lot with ample parking. Formerly operated as a hospital, the property is well suited for medical, professional office, training, or business use. The layout allows for single-tenant or multi-tenant occupancy, making it ideal for an owner-user or investor. The property benefits from excellent visibility and strong traffic flow along Los Ebanos Blvd, with quick access to major roadways and the highway. It is located within the established Los Ebanos medical district. A school directly across the street provides consistent daily exposure and client traffic. The property is offered for sale, with leasing options potentially available, in a high-demand commercial corridor.
Key Highlights
- Prime location in the established Los Ebanos medical district with high visibility and strong traffic flow on Los Ebanos Blvd.
- Remodeled two‑story building offering approximately 10,441 SF of flexible space suitable for medical, professional office, training, or business use.
- Potential for single‑tenant or multi‑tenant occupancy, appealing to both owner‑users and investors.
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
$125,843
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
6.29%
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%
$2,516,860
$2.5M
Cap Rate 7%
$1,797,757
$1.8M
Cap Rate 9%
$1,398,256
$1.4M
Market Conditions
NOI Build-Up for 10,441 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
$225.5K $21.60/SF
− Vacancy
−$15.8K −$1.51/SF
EGI
$209.7K $20.09/SF
− OpEx
−$83.9K −$8.04/SF
NOI
$125.8K $12.05/SF
Area
Brownsville, TX
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$2,516,860
Cap Rate 7%
$1,797,757
Cap Rate 9%
$1,398,256
Alternative Uses
Best Use
Healthcare Medical
$1.80M
$1.57M – $2.10M
NOI $125,843 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$1.37M
$1.20M – $1.60M
NOI $95,848 @ 7.0% cap · market cap 4.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical building in established medical district with flexible space.
Where is this medical office space located?
The property is located at 1024 E Los Ebanos Blvd Brownsville, TX.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime location in the established Los Ebanos medical district with high visibility and strong traffic flow on Los Ebanos Blvd.; Remodeled two‑story building offering approximately 10,441 SF of flexible space suitable for medical, professional office, training, or business use.; Potential for single‑tenant or multi‑tenant occupancy, appealing to both owner‑users and investors.
