Corner Restaurant with Office
For Sale
$1,600,000
5182 5182 PADRE ISLAND HWY., Brownsville, TX 78521
Restaurant property on a signaled corner with parking and direct access from two roads, plus office and storage building.
Property Size5,363 SF
Price / SF$298.34
Days on Market393
Property Features for 5182 5182 PADRE ISLAND HWY.
General Information
Standard status
Active
Size
5,363 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
Building Details
Year Built
2004
Stories
1
Listing Agency:
COLDWELL BANKER IMPACT PROPERTIES
(956) 425-7098
Listed By:
DONALD HAIRE · License #0584258
(956) 367-3313
Source:
Xome
Added: Aug 13, 2025
Changed: Sep 2
Last Checked: Sep 9 at 5:41AM
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 COLDWELL BANKER IMPACT PROPERTIES
Investment Insights
Based on property information with market context.
This corner commercial property is currently operating as Emelia's Restaurant and is designed for full restaurant use. The site includes a fully operating restaurant building plus an additional office and storage building, providing flexibility for day-to-day operations and back-of-house needs. Ample parking supports convenient customer and staff access.
The property is located in a high-traffic area on Padre Island Highway near Price Road, at the SE corner of Padre Island Highway and Robindale Road. It sits at a signaled intersection and benefits from access from both roadways. The property is next door to Jack In The Box.
Offered for sale, the restaurant includes 3,645 SF of operating space, along with 1,718 SF for the office and storage building. This configuration can support continued food and beverage operations or other compatible retail/convenience uses, depending on approval requirements.
The property is located in a high-traffic area on Padre Island Highway near Price Road, at the SE corner of Padre Island Highway and Robindale Road. It sits at a signaled intersection and benefits from access from both roadways. The property is next door to Jack In The Box.
Offered for sale, the restaurant includes 3,645 SF of operating space, along with 1,718 SF for the office and storage building. This configuration can support continued food and beverage operations or other compatible retail/convenience uses, depending on approval requirements.
Key Highlights
- 3,645 SF fully operating restaurant on Padre Island Hwy near Price Road
- 1,718 SF office and storage building included on‑site
- SE‑corner location at a signaled intersection of Padre Island Hwy and Robindale 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
$54,677
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
3.42%
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%
$1,093,540
$1.1M
Cap Rate 7%
$781,100
$781.1K
Cap Rate 9%
$607,522
$607.5K
Market Conditions
NOI Build-Up for 5,363 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
$77.2K $14.40/SF
− Vacancy
−$4.3K −$0.81/SF
EGI
$72.9K $13.59/SF
− OpEx
−$18.2K −$3.40/SF
NOI
$54.7K $10.20/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,093,540
Cap Rate 7%
$781,100
Cap Rate 9%
$607,522
Alternative Uses
Best Use
Specialty Retail
$781.1K
$683.5K – $911.3K
NOI $54,677 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$923.4K
$808.0K – $1.08M
NOI $64,639 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
148k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Home Improvements & Furnishings 26%
Shops & Services 18%
Electronics 1%
The Home Depot
Home Improvements & Furnishings
38,547 visits/mo
0.3 miles
Chick-fil-A
Dining
36,326 visits/mo
0.5 miles
McDonald's
Dining
27,358 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,786 visits/mo
0.3 miles
Jack in the Box
Dining
11,841 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property on a signaled corner with parking and direct access from two roads, plus office and storage building.
Where is this conventional restaurant located?
The property is located at 5182 5182 PADRE ISLAND HWY. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,645 SF fully operating restaurant on Padre Island Hwy near Price Road; 1,718 SF office and storage building included on‑site; SE‑corner location at a signaled intersection of Padre Island Hwy and Robindale Road
