Freestanding Corner
New
For Sale
$499,000
1200 International Blvd, Brownsville, TX 78520
Freestanding commercial building with surface parking and TN-C Traditional Neighborhood Corridor zoning.
Property Size3,116 SF
Lot Size0.49 Acres
Price / SF$160.14
Days on Market2
Property Features for 1200 International Blvd
General Information
Standard status
Active
Size
3,116 SF
Lot size
0.49 Acres
Property subtype
Retail
Zoning
TN-C
Additional Details
Corner Location
Yes
Building Details
Building Size
3,116 SF
Year Built
1997
Buildings
1
Listing Agency:
SVN | Hanna Solutions CRE
(956) 821-8001
Listed By:
Mark Hanna, CCIM
(956) 821-8001
Source:
Svn
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 5:32AM
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 SVN | Hanna Solutions CRE
Investment Insights
Based on property information with market context.
The property includes a freestanding 3,116-square-foot building that formerly operated as a Pizza Hut restaurant. The site contains approximately 21,449 square feet, or 0.49 acres, with about 32 surface parking spaces, including 2 ADA-accessible spaces. Constructed in 1997, the property is zoned TN-C – Traditional Neighborhood Corridor and may support restaurant, retail, service, owner-user, or adaptive-reuse applications as identified in the listing information.
Positioned at the northeast corner of International Boulevard and E. Van Buren Street in Brownsville, the site offers access to the established International Boulevard corridor. The property is also described as being near the Gateway International Bridge and conveniently accessible to Downtown Brownsville.
Positioned at the northeast corner of International Boulevard and E. Van Buren Street in Brownsville, the site offers access to the established International Boulevard corridor. The property is also described as being near the Gateway International Bridge and conveniently accessible to Downtown Brownsville.
Key Highlights
- 3,116 SF freestanding building formerly used as a Pizza Hut restaurant
- Approximately 21,449 SF / ±0.49 acres
- Approximately 32 surface parking spaces, including 2 ADA‑accessible spaces
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
$31,768
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
6.37%
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%
$635,360
$635.4K
Cap Rate 7%
$453,829
$453.8K
Cap Rate 9%
$352,978
$353.0K
Market Conditions
NOI Build-Up for 3,116 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
$44.9K $14.40/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$42.4K $13.59/SF
− OpEx
−$10.6K −$3.40/SF
NOI
$31.8K $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%
$635,360
Cap Rate 7%
$453,829
Cap Rate 9%
$352,978
Alternative Uses
Best Use
Specialty Retail
$453.8K
$397.1K – $529.5K
NOI $31,768 @ 7.0% cap · market cap 6.37%
Second Best
Retail
$423.6K
$370.6K – $494.2K
NOI $29,650 @ 7.0% cap · market cap 5.94%
Theoretical Best
Healthcare Medical
$536.5K
$469.5K – $626.0K
NOI $37,557 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 41%
Electronics 1%
McDonald's
Dining
26,274 visits/mo
0.2 miles
Whataburger
Dining
22,376 visits/mo
0.5 miles
Stripes
Shops & Services
11,560 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,846 visits/mo
0.5 miles
Exxon
Shops & Services
8,015 visits/mo
0.3 miles
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 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?
Conventional restaurant - Freestanding commercial building with surface parking and TN-C Traditional Neighborhood Corridor zoning.
Where is this conventional restaurant located?
The property is located at 1200 International Blvd Brownsville, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,116 SF freestanding building formerly used as a Pizza Hut restaurant; Approximately 21,449 SF / ±0.49 acres; Approximately 32 surface parking spaces, including 2 ADA‑accessible spaces
