Corner Restaurant with Office
5182 PADRE ISLAND HWY. Brownsville, TX 78521
For Sale
$1,600,000
Restaurant property on a signaled corner with parking and direct access from two roads, plus office and storage building.
Property Size5,363 SF
Price / SF$298.34
Days on Market575
Property Features for 5182 PADRE ISLAND HWY.
General Information
- Standard status
- Active
- Size
- 5,363 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2004
Listing Agency:
COLDWELL BANKER IMPACT PROPERTIES
(956) 367-3313
Listed By:
DONALD HAIRE · License #0584258
(956) 367-3313
Source:
Xome
Added: Dec 26, 2024
Changed: Jul 23
Last Checked: Jul 23 at 6:23PM
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 COLDWELL BANKER IMPACT PROPERTIES
Investment Insights
Based on property information with market context.
This corner commercial property is currently operating as Emelia's Restaurant and is designed for full restaurant use. The site includes a fully operating restaurant building plus an additional office and storage building, providing flexibility for day-to-day operations and back-of-house needs. Ample parking supports convenient customer and staff access.
The property is located in a high-traffic area on Padre Island Highway near Price Road, at the SE corner of Padre Island Highway and Robindale Road. It sits at a signaled intersection and benefits from access from both roadways. The property is next door to Jack In The Box.
Offered for sale, the restaurant includes 3,645 SF of operating space, along with 1,718 SF for the office and storage building. This configuration can support continued food and beverage operations or other compatible retail/convenience uses, depending on approval requirements.
The property is located in a high-traffic area on Padre Island Highway near Price Road, at the SE corner of Padre Island Highway and Robindale Road. It sits at a signaled intersection and benefits from access from both roadways. The property is next door to Jack In The Box.
Offered for sale, the restaurant includes 3,645 SF of operating space, along with 1,718 SF for the office and storage building. This configuration can support continued food and beverage operations or other compatible retail/convenience uses, depending on approval requirements.
Key Highlights
- 3,645 SF fully operating restaurant on Padre Island Hwy near Price Road
- 1,718 SF office and storage building included on‑site
- SE‑corner location at a signaled intersection of Padre Island Hwy and Robindale Road
Financial Insights For Specialty 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 | $77.2k | $14.40 |
| − Vacancy | −$4.3k | −$0.81 |
| EGI | $72.9k | $13.59 |
| − OpEx | −$18.2k | −$3.40 |
| NOI | $54.7k | $10.20 |
5,363 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$781.1K
$683.5K – $911.3K
NOI $54,677 @ 7.0% cap · market cap 3.42%
Second Best
Retail
$729.0K
$637.9K – $850.5K
NOI $51,032 @ 7.0% cap · market cap 3.19%
Theoretical Best
Healthcare Medical
$923.4K
$808.0K – $1.08M
NOI $64,639 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Emilia's Restaurant
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Restaurant property on a signaled corner with parking and direct access from two roads, plus office and storage building.
Where is this conventional restaurant located?
The property is located at 5182 PADRE ISLAND HWY. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,645 SF fully operating restaurant on Padre Island Hwy near Price Road; 1,718 SF office and storage building included on‑site; SE‑corner location at a signaled intersection of Padre Island Hwy and Robindale Road
