Remodeled Medical Office
For Sale
Under Contract
$1,999,999
1024 E Los Ebanos Blvd., Brownsville, TX 78520
Commercial Sale, Brownsville, TX
Property Size10,441 SF
Lot Size1.06 Acres
Price / SF$191.55
Days on Market222
Property Features for 1024 E Los Ebanos Blvd.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Subdivision
Los Ebanos Square
Elementary school district
Brownsville ISD
Middle school district
Brownsville ISD
High school district
Brownsville ISD
Standard status
Active Under Contract
Size
10,441 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
113732
Building Details
Year built
1983
Number of units
1
Listing Agency:
Troy Giles Realty
(956) 761-2040
Listed By:
Jason Schrank
(956) 479-9833
Added: Feb 6
Changed: Aug 20
Last Checked: Sep 16 at 4:06AM
MLS# 104847
Copyright © 2026 South Padre Island Board of Realtors. 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.
Los Ebanos Medical Center is a remodeled two-story office and medical property containing approximately 10,441 square feet on a 1.0645-acre lot. Built in 1983, the building was formerly operated as a hospital and can accommodate either single-tenant or multi-tenant occupancy. The property includes parking and is zoned C.
Located at 1024 E Los Ebanos Blvd. in Brownsville, the property fronts an established medical district with access to major roadways and the highway. A school is situated directly across the street. The space is identified as suitable for medical, professional office, training, or business use.
Located at 1024 E Los Ebanos Blvd. in Brownsville, the property fronts an established medical district with access to major roadways and the highway. A school is situated directly across the street. The space is identified as suitable for medical, professional office, training, or business use.
Key Highlights
- Remodeled two‑story office and medical building with approximately 10,441 SF
- Situated on a 1.0645‑acre lot with ample parking
- Flexible single‑tenant or multi‑tenant configuration
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,232
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story commercial space offers flexible medical and professional office configurations with parking and access to major roadways.
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: Remodeled two‑story office and medical building with approximately 10,441 SF; Situated on a 1.0645‑acre lot with ample parking; Flexible single‑tenant or multi‑tenant configuration
