Bamboo Plaza Shopping
For Sale
$3,450,000
1160 E ALTON GLOOR BLVD. Unit ALL, Brownsville, TX 78526
Multi-suite center combines retail, restaurant, office, and personal-service occupancy with shared customer-oriented amenities.
Property Size11,360 SF
Price / SF$303.70
Days on Market584
Property Features for 1160 E ALTON GLOOR BLVD. Unit ALL
General Information
Standard status
Active
Size
11,360 SF
Total Parking Spaces
50
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Office Units
11
Amenities
Multiple Office Spaces
Receptionist desk
Conference Room
Kitchenette
public Restrooms
3
Lot with Trees.
47 Parking Spaces. Paved Driveway.
Exterior Lighting, Landscaped, Sidewalks, Security Lighting. Strip Mall, City Road, Wooded.
Building Details
Year Built
2012
Stories
1
Building Size
11,360 SF
Tenancy
Multi
Listing Agency:
Sapphire Prime Realty
(956) 266-4919
Listed By:
Liz Givens
(956) 266-4919
Source:
Xome
Added: Jan 25, 2025
Changed: Aug 30
Last Checked: Aug 31 at 2:16PM
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 Sapphire Prime Realty
Investment Insights
Based on property information with market context.
Bamboo Plaza is an 11,360 SF shopping center built in 2012 with 17 suites serving a varied mix of retail, restaurant, office, insurance, real estate, and personal-service users. The property includes a 3,750-square-foot restaurant suite, multiple office spaces, a reception desk, conference room, kitchenette, and public restrooms.
The center is located at 1160 E Alton Gloor Blvd. in Brownsville, near an expressway and along a city road. Site improvements include a paved driveway, sidewalks, exterior and security lighting, landscaping, and a lot with trees. Existing occupants include Cricket Wireless, Fortaleza Insurance, Frijoles Mexican Restaurant, Pie & Cake Bakery, Sapphire Prime Realty, a medical insurance provider, and an art learning center.
The center is located at 1160 E Alton Gloor Blvd. in Brownsville, near an expressway and along a city road. Site improvements include a paved driveway, sidewalks, exterior and security lighting, landscaping, and a lot with trees. Existing occupants include Cricket Wireless, Fortaleza Insurance, Frijoles Mexican Restaurant, Pie & Cake Bakery, Sapphire Prime Realty, a medical insurance provider, and an art learning center.
Key Highlights
- 11,360 SF shopping center with 17 suites
- Built in 2012
- 3,750‑square‑foot restaurant suite
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
$108,096
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
3.13%
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%
$2,161,920
$2.2M
Cap Rate 7%
$1,544,229
$1.5M
Cap Rate 9%
$1,201,067
$1.2M
Market Conditions
NOI Build-Up for 11,360 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
$163.6K $14.40/SF
− Vacancy
−$9.2K −$0.81/SF
EGI
$154.4K $13.59/SF
− OpEx
−$46.3K −$4.08/SF
NOI
$108.1K $9.52/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,161,920
Cap Rate 7%
$1,544,229
Cap Rate 9%
$1,201,067
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $108,096 @ 7.0% cap · market cap 3.13%
Second Best
Office B
$1.49M
$1.30M – $1.74M
NOI $104,285 @ 7.0% cap · market cap 3.02%
Theoretical Best
Healthcare Medical
$1.96M
$1.71M – $2.28M
NOI $136,920 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78526, TX
55,164
Population
18,222
Households
3
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
47.4 sq mi
ZIP Area
1,164
Density / Sq Mi
$68,143
Median Household Income
$36,451
Median Earnings
$1,080
Median Rent
$158,300
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
- FD - Brownsville — Paredes Line Rd, Brownsville, TX 78526
- Plaza Enramada — 1453 E Alton Gloor Blvd, Brownsville, TX 78526
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite center combines retail, restaurant, office, and personal-service occupancy with shared customer-oriented amenities.
Where is this shopping center located?
The property is located at 1160 E ALTON GLOOR BLVD. Unit ALL Brownsville, TX.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 11,360 SF shopping center with 17 suites; Built in 2012; 3,750‑square‑foot restaurant suite
