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    523 W Commerce St Brownwood, TX 76801

    For Sale
    Contact for pricing

    Retail property with development opportunities and below market rents.

    Property size:
    150,459 SF
    Lot size:
    28.78 Acres

    Property Features for 523 W Commerce St

    General Information

    Size
    150,459 SF
    Lot size
    28.78 Acres

    Source: JLL | Dallas Agent Chris Gerard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grocery-Anchored Retail Opportunity

    This retail property, anchored by a grocery store, offers an expansive trade area. The property includes 150459 square feet of space and presents two pad development opportunities. Rents are currently below market value, suggesting potential for future upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hibbett Sports Shoe Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.987714
    Latitude
    31.729345

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    FAQs

    What type of property is this?
    Shopping mall - Retail property with development opportunities and below market rents.
    Where is this shopping mall located?
    The property is located at 523 W Commerce St Brownwood, TX.
    What are key features of this property?
    This property features: - Grocery-anchored center.; - Compelling future upside for investors.; - Features 2 pad development opportunities.
    (214) 265-0880
    Request Owner's contact information
    523 W Commerce St Brownwood, TX 76801
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    Brownwood, TX 76801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    523 W Commerce St Brownwood, TX 76801
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