Building Details

Building Size 19,560 SF

Year Built 2015

Buildings 5

Stories 2

Units 20

Listing Agency: ICO Real Estate Advisors Show Phone

Listed By: Alejandro X. Garza Show Phone

Source: Dolcevitargv

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 4:15PM

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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 ICO Real Estate Advisors

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 20-unit multifamily property was built in 2015. Its unit count and construction date provide the clearest available details about the asset.

The property is near Interstate 169 and FM 511, with connections to Interstate 69E and the Port of Brownsville. The FM 511 corridor is also identified as an area of employer and development activity.

Key Highlights

• 20‑unit multifamily property
• Built in 2015
• Near Interstate 169, Interstate 69E, FM 511, and the Port of Brownsville

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,990

Cap Rate

6.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,959,800 $3.0M

Cap Rate 7%

$2,114,143 $2.1M

Cap Rate 9%

$1,644,333 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,560 SF

Gross rent

$288.7K $14.76/SF

− Vacancy

−$19.6K −$1.00/SF

EGI

$269.1K $13.76/SF

− OpEx

−$121.1K −$6.19/SF

NOI

$148.0K $7.57/SF

Area

Cameron County, TX

Vacancy

6.80%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,959,800

Cap Rate 7%

$2,114,143

Cap Rate 9%

$1,644,333

Alternative Uses

Best Use

Apartment 5plus

$2.11M

$1.85M – $2.47M (±1% cap)

NOI $147,990 @ 7.0% cap · market cap 6.73%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$3.37M

$2.95M – $3.93M (±1% cap)

NOI $235,753 @ 7.0% cap · market cap 10.72%

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

Property Analytics

Lease Details

20

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Explore this area Business Placement

Demographics for 78575, TX

5,270

Population

1,902

Households

2.8

Avg Household Size

39

Median Age

47%

College-Educated

83%

High-School Grad

8.3 sq mi

ZIP Area

635

Density / Sq Mi

$74,273

Median Household Income

$43,271

Median Earnings

$1,138

Median Rent

$220,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Built in 2015, the property is near Interstate 169, Interstate 69E, and FM 511.

Where is this apartment building located?

The property is located at 327 Couch Street Olmito, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 20‑unit multifamily property; Built in 2015; Near Interstate 169, Interstate 69E, FM 511, and the Port of Brownsville