Freestanding Storefront
New
For Sale
$399,900
2664 Price Rd., Brownsville, TX 78521
Open commercial interior with paved parking, broad display windows, and a private restroom along an established commercial corridor.
Property Size1,710 SF
Lot Size0.13 Acres
Price / SF$233.86
Days on Market2
Property Features for 2664 Price Rd.
General Information
Standard status
Active
Size
1,710 SF
Lot size
0.13 Acres
Property Condition
Severity
Repairs Needed
Evidence
open interior ready for renovation or customization
Amenities
paved parking area
storefront windows
private restroom facilities
Building Details
Year Built
1996
Buildings
1
Listing Agency:
EXP Realty, LLC
Listed By:
JACOB GARCIA
(888) 519-7431
Source:
Accessrealtyrgv
Added: Sep 8
Last Checked: Sep 8 at 2:44PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1996, this freestanding commercial building offers 1,710 square feet on a 5,850-square-foot lot. The property includes an open interior, expansive storefront glazing, private restroom facilities, and a substantial paved parking area. The interior layout provides a straightforward base for renovation or customized commercial use.
The building fronts E. Price Road near Old Port Isabel Road in Brownsville, within a developed commercial corridor. Walmart Supercenter, Homer Hanna High School, restaurants, retail businesses, and established residential areas are located nearby, providing a broad surrounding mix of commercial and community uses.
The building fronts E. Price Road near Old Port Isabel Road in Brownsville, within a developed commercial corridor. Walmart Supercenter, Homer Hanna High School, restaurants, retail businesses, and established residential areas are located nearby, providing a broad surrounding mix of commercial and community uses.
Key Highlights
- 1,710‑square‑foot freestanding commercial building
- 5,850‑square‑foot lot with a large paved parking area
- Expansive storefront windows along E. Price Road
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
$16,272
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
4.07%
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%
$325,440
$325.4K
Cap Rate 7%
$232,457
$232.5K
Cap Rate 9%
$180,800
$180.8K
Market Conditions
NOI Build-Up for 1,710 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
$24.6K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$23.2K $13.59/SF
− OpEx
−$7.0K −$4.08/SF
NOI
$16.3K $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 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%
$325,440
Cap Rate 7%
$232,457
Cap Rate 9%
$180,800
Alternative Uses
Best Use
Retail
$232.5K
$203.4K – $271.2K
NOI $16,272 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$294.4K
$257.6K – $343.5K
NOI $20,610 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
74k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Exxon
Shops & Services
22,922 visits/mo
0.5 miles
Stripes
Shops & Services
17,351 visits/mo
0.5 miles
Sunoco
Shops & Services
15,271 visits/mo
0.4 miles
Stripes
Shops & Services
13,680 visits/mo
0.4 miles
SUBWAY
Dining
4,446 visits/mo
0.3 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.
Similar Off Market Nearby
- LA FLORERÍA — 103 Frontage Rd, Brownsville, TX 78520
- TU ELECCIÓN CON FLORES St E — 425 paredes line rd, brownsville, tx 78521
- Tu Elección Con Flores — 425 paredes line rd, brownsville, tx 78521
- Cano's Flowers & Gifts — 385 Old Port Isabel Rd, Brownsville, TX 78521
- Zoe Flowers & Design — 800 Frontage Rd APT 39, Brownsville, TX 78521
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial interior with paved parking, broad display windows, and a private restroom along an established commercial corridor.
Where is this storefront property located?
The property is located at 2664 Price Rd. Brownsville, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,710‑square‑foot freestanding commercial building; 5,850‑square‑foot lot with a large paved parking area; Expansive storefront windows along E. Price Road
