Commercial-Industrial
For Sale
Contact for pricing
Pending
1954 S Price Rd., Brownsville, TX 78521
Gloor-built commercial/industrial warehouse near Expressway 77/83 in Brownsville.
Property Size11,876 SF
Days on Market405
Property Features for 1954 S Price Rd.
General Information
Standard status
Pending
Size
11,876 SF
Property subtype
Land
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Balli Realty Group
Listed By:
Fernando Balli · License #TX
(956) 343-9575
Source:
Crexi
Added: Jul 30, 2025
Changed: Aug 8
Last Checked: Jul 24 at 4:23PM
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 Balli Realty Group
Investment Insights
Based on property information with market context.
Gloor built, commercial/industrial warehouse positioned in the heart of Brownsville’s commercial hub. The property is suited for a range of commercial and industrial uses, including commercial, sales, and industrial applications.
The location provides convenient access, with Expressway 77/83 located approximately 1 mile away. This central placement is intended to support day-to-day business operations and connectivity for tenants or buyers seeking a readily accessible warehouse in Brownsville.
The location provides convenient access, with Expressway 77/83 located approximately 1 mile away. This central placement is intended to support day-to-day business operations and connectivity for tenants or buyers seeking a readily accessible warehouse in Brownsville.
Key Highlights
- Gloor‑built commercial/industrial warehouse built in 1980
- Located in the heart of Brownsville’s commercial hub
- Near Expressway 77/83, with expressway access about 1 mile away
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
$67,467
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
8.71%
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%
$1,349,340
$1.3M
Cap Rate 7%
$963,814
$963.8K
Cap Rate 9%
$749,633
$749.6K
Market Conditions
NOI Build-Up for 11,876 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
$84.1K $7.08/SF
− Vacancy
−$4.7K −$0.40/SF
EGI
$79.4K $6.68/SF
− OpEx
−$11.9K −$1.00/SF
NOI
$67.5K $5.68/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,349,340
Cap Rate 7%
$963,814
Cap Rate 9%
$749,633
Alternative Uses
Best Use
Warehouse
$963.8K
$843.3K – $1.12M
NOI $67,467 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.04M
$1.79M – $2.39M
NOI $143,139 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78521, TX
88,708
Population
29,576
Households
3
Avg Household Size
32
Median Age
15%
College-Educated
62%
High-School Grad
93.7 sq mi
ZIP Area
947
Density / Sq Mi
$41,276
Median Household Income
$24,781
Median Earnings
$864
Median Rent
$90,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Gloor-built commercial/industrial warehouse near Expressway 77/83 in Brownsville.
Where is this warehouse located?
The property is located at 1954 S Price Rd. Brownsville, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Gloor‑built commercial/industrial warehouse built in 1980; Located in the heart of Brownsville’s commercial hub; Near Expressway 77/83, with expressway access about 1 mile away
