Mixed-Use Restaurant
For Sale
$349,900
1155 MINNESOTA AVE., Brownsville, TX 78521
Operating restaurant with an upstairs studio apartment provides both commercial and residential components.
Property Size2,016 SF
Price / SF$173.56
Days on Market49
Property Features for 1155 MINNESOTA AVE.
General Information
Standard status
Active
Size
2,016 SF
Property subtype
General Commercial
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Business Included
Yes
Amenities
3
Building Details
Year Built
2010
Stories
1
Listing Agency:
RE/MAX Sun Valley Realtors
(956) 592-2679
Listed By:
Joe De La Fuente · License #479104
(956) 592-2679
Source:
Xome
Added: Jul 12
Changed: Aug 25
Last Checked: Aug 29 at 5:52AM
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 RE/MAX Sun Valley Realtors
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating restaurant with a studio apartment positioned upstairs at the rear. The building was constructed in 2010 and is located at 1155 N Minnesota Ave. in Brownsville, Texas. The configuration places restaurant operations and residential space within one property, offering a distinct combination of uses for an owner or investor evaluating a commercial asset with an attached living component.
The property is described as within walking distance of the airport and near schools, supermarkets, SpaceX, and LNG facilities. Its Brownsville location and combination of restaurant and apartment space provide the core physical and surrounding-context facts for evaluating the property.
The property is described as within walking distance of the airport and near schools, supermarkets, SpaceX, and LNG facilities. Its Brownsville location and combination of restaurant and apartment space provide the core physical and surrounding-context facts for evaluating the property.
Key Highlights
- Operating restaurant with an upstairs rear studio apartment
- Mixed‑use configuration combines restaurant and residential components
- Built in 2010
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
$20,554
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
5.87%
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%
$411,080
$411.1K
Cap Rate 7%
$293,629
$293.6K
Cap Rate 9%
$228,378
$228.4K
Market Conditions
NOI Build-Up for 2,016 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
$29.0K $14.40/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$27.4K $13.59/SF
− OpEx
−$6.9K −$3.40/SF
NOI
$20.6K $10.20/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /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%
$411,080
Cap Rate 7%
$293,629
Cap Rate 9%
$228,378
Alternative Uses
Best Use
Specialty Retail
$293.6K
$256.9K – $342.6K
NOI $20,554 @ 7.0% cap · market cap 5.87%
Second Best
Mixed Use
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 5.83%
Theoretical Best
Healthcare Medical
$347.1K
$303.7K – $405.0K
NOI $24,298 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,142 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,602 visits/mo
0.3 miles
Demographics for 78521, TX
88,708
Population
29,576
Households
3
Avg Household Size
32
Median Age
15%
College-Educated
62%
High-School Grad
93.7 sq mi
ZIP Area
947
Density / Sq Mi
$41,276
Median Household Income
$24,781
Median Earnings
$864
Median Rent
$90,500
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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating restaurant with an upstairs studio apartment provides both commercial and residential components.
Where is this mixed-use property located?
The property is located at 1155 MINNESOTA AVE. Brownsville, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Operating restaurant with an upstairs rear studio apartment; Mixed‑use configuration combines restaurant and residential components; Built in 2010
