Building Details

Year Built 1970

Listing Agency: Rio Realty

Listed By: Dalia Hernandez Show Phone

Source: Accessrealtyrgv

Added: Aug 26 Changed: Oct 10 Last Checked: Oct 7 at 2:54PM

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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

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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.

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 / Yr

$30,719

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$614,380 $614.4K

Cap Rate 7%

$438,843 $438.8K

Cap Rate 9%

$341,322 $341.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,034 SF

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 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 (±1% cap)

NOI $30,719 @ 7.0% cap · market cap 7.78%

Second Best

Retail

$412.4K

$360.9K – $481.2K (±1% cap)

NOI $28,870 @ 7.0% cap · market cap 7.31%

Theoretical Best

Healthcare Medical

$522.4K

$457.1K – $609.5K (±1% cap)

NOI $36,568 @ 7.0% cap · market cap 9.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

All Breed Pet ... Pet Grooming Service

Suggested Use

Top Pick Real Estate Agency Electrical Service Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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