Multi-Office
For Sale
$229,000
141 E ELIZABETH ST., Brownsville, TX 78520
Flexible commercial layout with private offices, support areas, and dedicated paved parking.
Property Size1,118 SF
Price / SF$204.83
Days on Market82
Property Features for 141 E ELIZABETH ST.
General Information
Standard status
Active
Size
1,118 SF
Property subtype
General Commercial
Amenities
3
8 Parking Spaces. Handicap Parking, Paved Driveway.
Downtown, City Road.
Building Details
Year Built
1999
Stories
1
Listing Agency:
RE/MAX Elite Brownsville
(956) 701-0623
Listed By:
RAUL AGUILAR · License #565_630
(956) 701-0623
Source:
Xome
Added: Jun 11
Changed: Aug 31
Last Checked: Aug 31 at 8:52AM
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 RE/MAX Elite Brownsville
Investment Insights
Based on property information with market context.
Built in 1999, this office building provides four private office areas arranged with practical support space for day-to-day operations. The interior also includes two restrooms, a kitchenette, and a separate storage room.
The property is situated on a city road in a downtown setting and includes a paved driveway with eight parking spaces, including handicap parking. The documented layout may accommodate professional office use, a barber shop, retail, or other business uses identified for the property.
The property is situated on a city road in a downtown setting and includes a paved driveway with eight parking spaces, including handicap parking. The documented layout may accommodate professional office use, a barber shop, retail, or other business uses identified for the property.
Key Highlights
- Four private office areas
- Two restrooms, kitchenette, and storage room
- 8 parking spaces, including handicap parking
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
$10,638
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
4.65%
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%
$212,760
$212.8K
Cap Rate 7%
$151,971
$152.0K
Cap Rate 9%
$118,200
$118.2K
Market Conditions
NOI Build-Up for 1,118 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
$16.1K $14.40/SF
− Vacancy
−$902 −$0.81/SF
EGI
$15.2K $13.59/SF
− OpEx
−$4.6K −$4.08/SF
NOI
$10.6K $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%
$212,760
Cap Rate 7%
$151,971
Cap Rate 9%
$118,200
Alternative Uses
Best Use
Retail
$152.0K
$133.0K – $177.3K
NOI $10,638 @ 7.0% cap · market cap 4.65%
Second Best
Office B
$146.6K
$128.3K – $171.1K
NOI $10,263 @ 7.0% cap · market cap 4.48%
Theoretical Best
Healthcare Medical
$192.5K
$168.4K – $224.6K
NOI $13,475 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with private offices, support areas, and dedicated paved parking.
Where is this office building located?
The property is located at 141 E ELIZABETH ST. Brownsville, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Four private office areas; Two restrooms, kitchenette, and storage room; 8 parking spaces, including handicap parking
