Two-Story Mixed-Use
For Sale
$395,000
244 Paredes Line Rd., Brownsville, TX 78521
Ground-floor commercial space is paired with a two-bedroom, one-bath upper level.
Property Size3,034 SF
Price / SF$130.19
Days on Market10
Property Features for 244 Paredes Line Rd.
General Information
Standard status
Active
Size
3,034 SF
Additional Details
Multifamily Units
1
Building Details
Year Built
1970
Listing Agency:
Rio Realty
Listed By:
Dalia Hernandez
(956) 243-3566
Source:
Accessrealtyrgv
Added: Aug 26
Changed: Aug 30
Last Checked: Sep 4 at 8:57AM
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 Rio Realty
Investment Insights
Based on property information with market context.
This 3,034-square-foot mixed-use property includes commercial space on the first floor and a two-bedroom, one-bath layout on the second floor. The ground level has been associated with a pet grooming business, while the upper floor provides a separate residential-style configuration.
Built in 1970, the property is located at 244 Paredes Line Rd. in Brownsville, Texas. Its combination of ground-floor business space and an upper-level two-bedroom arrangement creates a clearly divided two-level layout within a single commercial property.
Built in 1970, the property is located at 244 Paredes Line Rd. in Brownsville, Texas. Its combination of ground-floor business space and an upper-level two-bedroom arrangement creates a clearly divided two-level layout within a single commercial property.
Key Highlights
- 3,034‑square‑foot mixed‑use property
- First‑floor commercial space
- Second floor includes 2 bedrooms and 1 bath
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
$30,719
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
7.78%
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%
$614,380
$614.4K
Cap Rate 7%
$438,843
$438.8K
Cap Rate 9%
$341,322
$341.3K
Market Conditions
NOI Build-Up for 3,034 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
$54.6K $18.00/SF
− Vacancy
−$5.5K −$1.80/SF
EGI
$49.2K $16.20/SF
− OpEx
−$18.4K −$6.07/SF
NOI
$30.7K $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 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%
$614,380
Cap Rate 7%
$438,843
Cap Rate 9%
$341,322
Alternative Uses
Best Use
Mixed Use
$438.8K
$384.0K – $512.0K
NOI $30,719 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$412.4K
$360.9K – $481.2K
NOI $28,870 @ 7.0% cap · market cap 7.31%
Theoretical Best
Healthcare Medical
$522.4K
$457.1K – $609.5K
NOI $36,568 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
297k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 32%
Shops & Services 30%
Electronics 1%
H-E-B
Groceries
94,426 visits/mo
0.4 miles
McDonald's
Dining
32,755 visits/mo
0.2 miles
Dollar Tree
Shops & Services
23,128 visits/mo
0.4 miles
H-E-B Fuel
Shops & Services
22,783 visits/mo
0.2 miles
Whataburger
Dining
19,851 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a two-bedroom, one-bath upper level.
Where is this mixed-use property located?
The property is located at 244 Paredes Line Rd. Brownsville, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,034‑square‑foot mixed‑use property; First‑floor commercial space; Second floor includes 2 bedrooms and 1 bath
