Mixed-Use Property with
For Sale
$950,000
3724 Boca Chica Blvd. B, Brownsville, TX 78521
Includes five commercial spaces and seven two-bedroom apartments.
Property Size8,200 SF
Price / SF$115.85
Days on Market50
Property Features for 3724 Boca Chica Blvd. B
General Information
Standard status
Active
Size
8,200 SF
Units
Unit Mix
7 x 2 bed
Multifamily Units
7
Building Details
Year Built
1970
Buildings
5
Tenancy
Multi
Listing Agency:
Rio Realty
Listed By:
Dalia Hernandez
(956) 243-3566
Source:
Accessrealtyrgv
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 7 at 1:20PM
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 mixed-use property combines five commercial spaces with seven two-bedroom apartments. The commercial spaces are identified at 1,100 each, while the apartments are identified at 500 each. The property has a stated size of 8,200 and was built in 1970.
Located at 3724 Boca Chica Blvd. B in Brownsville, the property places commercial and residential components within one asset. The address and existing mix support both storefront and apartment uses.
Located at 3724 Boca Chica Blvd. B in Brownsville, the property places commercial and residential components within one asset. The address and existing mix support both storefront and apartment uses.
Key Highlights
- Five commercial spaces identified at 1,100 each
- Seven two‑bedroom apartments identified at 500 each
- Mixed‑use property with commercial and residential components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,025
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,500
$1.7M
Cap Rate 7%
$1,186,071
$1.2M
Cap Rate 9%
$922,500
$922.5K
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$147.6K $18.00/SF
− Vacancy
−$14.8K −$1.80/SF
EGI
$132.8K $16.20/SF
− OpEx
−$49.8K −$6.07/SF
NOI
$83.0K $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%
$1,660,500
Cap Rate 7%
$1,186,071
Cap Rate 9%
$922,500
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.38M
NOI $83,025 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$1.11M
$975.3K – $1.30M
NOI $78,027 @ 7.0% cap · market cap 8.21%
Theoretical Best
Healthcare Medical
$1.41M
$1.24M – $1.65M
NOI $98,833 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes five commercial spaces and seven two-bedroom apartments.
Where is this mixed-use property located?
The property is located at 3724 Boca Chica Blvd. B Brownsville, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five commercial spaces identified at 1,100 each; Seven two‑bedroom apartments identified at 500 each; Mixed‑use property with commercial and residential components
