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Building Details

Year Built 1994

Listing Agency: EXP Realty, LLC

Listed By: Armando Ibarra · License #0707725 Show Phone

Source: Accessrealtyrgv

Added: Jul 13 Changed: Oct 13 Last Checked: Oct 7 at 1:43PM

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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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This automotive property at 295 Frontage in Brownsville includes four lots, four rental spaces, and a large carport area. The carport is currently leased to a mechanic, providing an existing tenant arrangement within the property’s automotive configuration.

Constructed in 1994, the property combines multiple rental spaces with covered area suited to automotive operations. Its location directly off Frontage provides access from the Frontage address.

Key Highlights

• Four lots included in the property
• Four rental spaces on site
• Large carport area currently leased to a mechanic

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,346

Cap Rate

4.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$806,920 $806.9K

Cap Rate 7%

$576,371 $576.4K

Cap Rate 9%

$448,289 $448.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,240 SF

Gross rent

$61.1K $14.40/SF

− Vacancy

−$3.4K −$0.81/SF

EGI

$57.6K $13.59/SF

− OpEx

−$17.3K −$4.08/SF

NOI

$40.3K $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 Rate 5%

$806,920

Cap Rate 7%

$576,371

Cap Rate 9%

$448,289

Alternative Uses

Best Use

Retail

$576.4K

$504.3K – $672.4K (±1% cap)

NOI $40,346 @ 7.0% cap · market cap 4.48%

Second Best

Industrial

$283.4K

$248.0K – $330.6K (±1% cap)

NOI $19,837 @ 7.0% cap · market cap 2.20%

Theoretical Best

Healthcare Medical

$730.1K

$638.8K – $851.7K (±1% cap)

NOI $51,104 @ 7.0% cap · market cap 5.68%

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

Property Analytics

Current Use

JLCopyEx Photocopiers Supplier

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Parking Lot & Garage Acupuncture Locksmith Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

941

Businesses Nearby

140k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 68% Dining 16% Shops & Services 15% Electronics 1%

H-E-B Groceries

94,426 visits/mo 0.5 miles

Whataburger Dining

22,376 visits/mo 0.5 miles

Family Dollar Shops & Services

8,846 visits/mo 0.4 miles

O'Reilly Auto Parts Shops & Services

5,234 visits/mo 0.4 miles

Valero Energy Shops & Services

4,970 visits/mo 0.2 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

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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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Auto shop - Four rental spaces and a large carport support multiple automotive-related income uses.

Where is this auto shop located?

The property is located at 295 Frontage Brownsville, TX.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Four lots included in the property; Four rental spaces on site; Large carport area currently leased to a mechanic