Commercial Building with Three
For Sale
$749,000
2305 Southmost Rd., Brownsville, TX 78520
Three-unit commercial building with investment potential on corner lot.
Property Size3,200 SF
Price / SF$234.06
Days on Market212
Property Features for 2305 Southmost Rd.
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
2019
Listing Agency:
Coastal Realty
Listed By:
Joel Barnard
Source:
Accessrealtyrgv
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 7 at 1:52PM
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 Coastal Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building features three units. Unit 1 is currently occupied by Payment 1 Financial. Units 2 and 3 require finishing. The property is located on the east corner of the intersection of Southmost Road (FM 1419) and E 23rd Street. The building has a total size of 3200 square feet, offering an opportunity for investors.
Key Highlights
- 3‑unit commercial building
- Tenant in Unit 1: Payment 1 Financial
- Units 2 & 3 need finish out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,450
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,000
$609.0K
Cap Rate 7%
$435,000
$435.0K
Cap Rate 9%
$338,333
$338.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$46.1K $14.40/SF
− Vacancy
−$2.6K −$0.81/SF
EGI
$43.5K $13.59/SF
− OpEx
−$13.0K −$4.08/SF
NOI
$30.4K $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 Rate 5%
$609,000
Cap Rate 7%
$435,000
Cap Rate 9%
$338,333
Alternative Uses
Best Use
Retail
$435.0K
$380.6K – $507.5K
NOI $30,450 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
163k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 32%
Dining 24%
Apparel 5%
H-E-B
Groceries
52,071 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,974 visits/mo
0.3 miles
Circle K
Shops & Services
14,857 visits/mo
0.4 miles
Burger King
Dining
11,586 visits/mo
0.5 miles
Jack in the Box
Dining
11,030 visits/mo
0.4 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
Frequently Asked Questions
What type of property is this?
Retail space - Three-unit commercial building with investment potential on corner lot.
Where is this retail space located?
The property is located at 2305 Southmost Rd. Brownsville, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3‑unit commercial building; Tenant in Unit 1: Payment 1 Financial; Units 2 & 3 need finish out
