Multi-Building Income
3724 BOCA CHICA BLVD. Brownsville, TX 78521
For Sale
$950,000
Five commercial buildings with five retail spaces and seven 2-bedroom apartments generating income.
Property Size8,200 SF
Price / SF$115.85
Days on Market1209
Property Features for 3724 BOCA CHICA BLVD.
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing Agency:
Rio Realty
(956) 243-3566
Listed By:
Dalia Hernandez
(956) 243-3566
Source:
Xome
Added: Apr 2, 2023
Changed: Jul 23
Last Checked: Jul 23 at 10:00AM
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 Rio Realty
Investment Insights
Based on property information with market context.
This for-sale income portfolio consists of five commercial buildings with both retail and apartment units. The property includes five commercial spaces and seven 2-bedroom apartments, with rents stated as 1,100 for the commercial spaces and 500 for the apartments.
The buildings are located on Boca Chica Blvd. in Brownsville, in an area described as high commercial traffic.
The offering combines storefront/retail space and residential income units within the same multi-building package.
The buildings are located on Boca Chica Blvd. in Brownsville, in an area described as high commercial traffic.
The offering combines storefront/retail space and residential income units within the same multi-building package.
Key Highlights
- Five commercial buildings with five retail spaces plus seven 2‑bedroom apartments
- Commercial spaces rent listed at $1,100 each; apartments rent listed at $500 each
- Total of 16 parking spaces with a paved driveway
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.1k | $14.40 |
| − Vacancy | −$6.6k | −$0.81 |
| EGI | $111.5k | $13.59 |
| − OpEx | −$33.4k | −$4.08 |
| NOI | $78.0k | $9.52 |
8,200 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$975.3K – $1.30M
NOI $78,027 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$886.3K
$775.5K – $1.03M
NOI $62,041 @ 7.0% cap · market cap 6.53%
Theoretical Best
Healthcare Medical
$1.41M
$1.24M – $1.65M
NOI $98,833 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Betty's Elotes y ...
Bar & Pub
Mon Amour All ...
Pet Grooming Service
Botanica Omilarde
Religious Bookstore
FAQs
What type of property is this?
Apartment building - Five commercial buildings with five retail spaces and seven 2-bedroom apartments generating income.
Where is this apartment building located?
The property is located at 3724 BOCA CHICA BLVD. Brownsville, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five commercial buildings with five retail spaces plus seven 2‑bedroom apartments; Commercial spaces rent listed at $1,100 each; apartments rent listed at $500 each; Total of 16 parking spaces with a paved driveway
