Fully Leased Retail Shopping
For Sale
$1,350,000
2223 Central Blvd., Brownsville, TX 78520
Two-building retail property with restaurant and multi-tenant shopping center improvements in Brownsville.
Property Size10,890 SF
Lot Size0.96 Acres
Price / SF$123.97
Days on Market174
Property Features for 2223 Central Blvd.
General Information
Standard status
Active
Size
10,890 SF
Lot size
0.96 Acres
Occupancy
100%
Building Details
Year Built
2004
Buildings
2
Tenancy
Multi
Listing Agency:
COLDWELL BANKER IMPACT PROPERTIES
Listed By:
DONALD HAIRE · License #0584258
(956) 425-7098
Source:
Accessrealtyrgv
Added: Apr 24
Changed: Sep 14
Last Checked: Oct 7 at 2:18PM
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 fully leased retail property includes two separate buildings on adjoining sites. One building contains a 6,007-square-foot restaurant on 0.42 acres, while the second is a multi-tenant shopping center situated on 0.54 acres. The improvements were constructed in 2004 and include paved driveways, security lighting, and 38 parking spaces.
The tenant roster includes El Camino Social Club, a law office, Tacos Puente Nuevo, El Gallito Vape Shop, and Despacha 2 nightclub. The property is positioned along Central Blvd. in Brownsville, Texas, with access from a city road.
The tenant roster includes El Camino Social Club, a law office, Tacos Puente Nuevo, El Gallito Vape Shop, and Despacha 2 nightclub. The property is positioned along Central Blvd. in Brownsville, Texas, with access from a city road.
Key Highlights
- Fully leased two‑building retail property
- 6,007 SF restaurant on a 0.42‑acre site
- Multi‑tenant shopping center on a 0.54‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,026
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,220,520
$2.2M
Cap Rate 7%
$1,586,086
$1.6M
Cap Rate 9%
$1,233,622
$1.2M
Market Conditions
NOI Build-Up for 10,890 SF
Gross rent
$156.8K $14.40/SF
− Vacancy
−$8.8K −$0.81/SF
EGI
$148.0K $13.59/SF
− OpEx
−$37.0K −$3.40/SF
NOI
$111.0K $10.20/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,220,520
Cap Rate 7%
$1,586,086
Cap Rate 9%
$1,233,622
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,026 @ 7.0% cap · market cap 8.22%
Second Best
Retail
$1.48M
$1.30M – $1.73M
NOI $103,624 @ 7.0% cap · market cap 7.68%
Theoretical Best
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,255 @ 7.0% cap · market cap 9.72%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
60k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Stripes
Shops & Services
13,991 visits/mo
0.2 miles
Sunoco
Shops & Services
11,090 visits/mo
0.2 miles
Wingstop
Dining
11,086 visits/mo
0.4 miles
Pizza Hut
Dining
4,879 visits/mo
0.5 miles
Valero Energy
Shops & Services
4,461 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail property with restaurant and multi-tenant shopping center improvements in Brownsville.
Where is this shopping center located?
The property is located at 2223 Central Blvd. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully leased two‑building retail property; 6,007 SF restaurant on a 0.42‑acre site; Multi‑tenant shopping center on a 0.54‑acre site
