Mixed-Use Property with 24
For Sale
$2,777,777
2100 Old Port Isabel Rd., Brownsville, TX 78526
Fully leased asset combines multifamily housing with two road-facing commercial buildings.
Property Size20,000 SF
Price / SF$138.89
Days on Market79
Property Features for 2100 Old Port Isabel Rd.
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
24
Building Details
Year Built
2007
Listing Agency:
MKZ Realty
Listed By:
Edgar De La Garza · License #620_37
(956) 546-5053
Source:
Accessrealtyrgv
Added: Jul 28
Changed: Oct 5
Last Checked: Oct 7 at 4:29PM
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 MKZ Realty
Investment Insights
Based on property information with market context.
This mixed-use property in Brownsville includes a 24-unit apartment complex alongside two commercial buildings positioned along the main road. The improvements were constructed in 2007, and the property size is listed at 20,000 square feet. All apartment and commercial spaces are currently leased or occupied.
Approximately 3 acres extend behind the existing improvements. The rear land is identified for potential development of an estimated 48 additional multifamily units, subject to city approval. The property is located at 2100 Old Port Isabel Rd. and is described as being minutes from SpaceX Starbase, the Port of Brownsville, and a new LNG plant.
Approximately 3 acres extend behind the existing improvements. The rear land is identified for potential development of an estimated 48 additional multifamily units, subject to city approval. The property is located at 2100 Old Port Isabel Rd. and is described as being minutes from SpaceX Starbase, the Port of Brownsville, and a new LNG plant.
Key Highlights
- 24‑unit multifamily apartment complex
- Two commercial buildings facing the main road
- Approximately 3 acres of rear land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,500
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,050,000
$4.1M
Cap Rate 7%
$2,892,857
$2.9M
Cap Rate 9%
$2,250,000
$2.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$360.0K $18.00/SF
− Vacancy
−$36.0K −$1.80/SF
EGI
$324.0K $16.20/SF
− OpEx
−$121.5K −$6.07/SF
NOI
$202.5K $10.13/SF
Area
Brownsville, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,050,000
Cap Rate 7%
$2,892,857
Cap Rate 9%
$2,250,000
Alternative Uses
Best Use
Mixed Use
$2.89M
$2.53M – $3.38M
NOI $202,500 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,320 @ 7.0% cap · market cap 5.45%
Theoretical Best
Healthcare Medical
$3.44M
$3.01M – $4.02M
NOI $241,056 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
24
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 78526, TX
55,164
Population
18,222
Households
3
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
47.4 sq mi
ZIP Area
1,164
Density / Sq Mi
$68,143
Median Household Income
$36,451
Median Earnings
$1,080
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased asset combines multifamily housing with two road-facing commercial buildings.
Where is this mixed-use property located?
The property is located at 2100 Old Port Isabel Rd. Brownsville, TX.
What is the asking price?
The asking price for this property is $2,777,777.
What are key features of this property?
This property features: 24‑unit multifamily apartment complex; Two commercial buildings facing the main road; Approximately 3 acres of rear land
