2451 PABLO KISEL BLVD, Brownsville, TX 78526

Building Details

Year Built 2002 More

Stories 1 More

Construction masonry More

Tenancy Multi More

Listing Agency: Coastal Realty

Listed By: Jeremy Barnard · License TX #606746 Show Phone

Source: Crexi

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 12 at 7:30AM

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Investment Insights

Based on property information with market context.

Built in 2002, this masonry retail center contains 35,397 square feet across a single-story layout on 2.91 acres. Thirteen tenants occupy the property, which has 160 surface parking spaces. Four tenant leases were signed or renewed in 2026, including an extension for a long-standing restaurant tenant.

The property is at 2451 Pablo Kisel Boulevard in Brownsville, along a retail corridor connecting the Sunrise Mall trade area with US Highway 77/83. The surrounding five-mile area has 163,000 residents.

Key Highlights

• 35,397‑square‑foot center on 2.91 acres
• Fully occupied by 13 tenants
• Built in 2002; single‑story masonry construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$336,821

Cap Rate

3.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,736,420 $6.7M

Cap Rate 7%

$4,811,729 $4.8M

Cap Rate 9%

$3,742,456 $3.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 35,397 SF

Gross rent

$509.7K $14.40/SF

− Vacancy

−$28.5K −$0.81/SF

EGI

$481.2K $13.59/SF

− OpEx

−$144.4K −$4.08/SF

NOI

$336.8K $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%

$6,736,420

Cap Rate 7%

$4,811,729

Cap Rate 9%

$3,742,456

Alternative Uses

Best Use

Retail

$4.81M

$4.21M – $5.61M (±1% cap)

NOI $336,821 @ 7.0% cap · market cap 3.21%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$6.09M

$5.33M – $7.11M (±1% cap)

NOI $426,633 @ 7.0% cap · market cap 4.06%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Nothing Bundt Cakes Bakery Bernie's House of Fun (Bike/Boat/Book/etc) Store America's Best Contacts ... Physician Anytime Fitness Brownsville Gym & Fitness Center Sally Beauty (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Dental Office Building Supply Big Box & Wholesale Store Real Estate Agency Kitchen & Bath Showroom

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

896

Businesses Nearby

898k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 32% Apparel 31% Shops & Services 22% Electronics 7%

Dillard's Apparel

80,990 visits/mo 0.2 miles

Hobby Lobby Shops & Services

63,866 visits/mo 0.1 miles

Best Buy Electronics

59,913 visits/mo 0.1 miles

JCPenney Apparel

59,667 visits/mo 0.3 miles

Marshalls Apparel

49,590 visits/mo 0.2 miles

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

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?

Strip mall - Masonry construction and a fully occupied, multi-tenant layout define this established retail property.

Where is this strip mall located?

The property is located at 2451 PABLO KISEL BLVD Brownsville, TX.

What is the asking price?

The asking price for this property is $10,500,000.

What are key features of this property?

This property features: 35,397‑square‑foot center on 2.91 acres; Fully occupied by 13 tenants; Built in 2002; single‑story masonry construction