Downtown Brownsville Commercial
553 E 12th St. Brownsville, TX 78520
553 E 12th St., Brownsville, TX, 78520
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For Sale
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1412 sq ft commercial space in prime downtown location.
Property Size1,412 SF
Price / SF$152.27
Days on Market118
Property Features for 553 E 12th St.
General Information
- Standard status
- Active
- Size
- 1,412 SF
- Property subtype
- Land
Building Details
- Year Built
- 1998
Listing Agency
GRT Realty
Listed by
Christopher Gonzalez · License #TREC # 0714282
Source
Crexi
Added: Mar 23 Checked: Jul 16 at 12:39 pm
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 GRT Realty
Investment Insights
Based on property information with market context.
This 1412 sq. ft. commercial space is located in downtown Brownsville, offering a versatile space suitable for various business ventures. The property is positioned on a corner location and presents a blank canvas for development into a restaurant, boutique, gallery, or office. Situated a block away from Market Square, the location benefits from the ongoing revitalization of downtown Brownsville, attracting foot traffic and offering proximity to various attractions. This property is located in a vibrant area.
Key Highlights
- Prime downtown Brownsville corner location.
- 1412 sq. ft. commercial space offering a blank canvas.
- Located one block from Market Square.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $14.40 |
| − Vacancy | −$1.1k | −$0.81 |
| EGI | $19.2k | $13.59 |
| − OpEx | −$5.8k | −$4.08 |
| NOI | $13.4k | $9.52 |
1,412 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$191.9K
$168.0K – $223.9K
NOI $13,436 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$243.1K
$212.7K – $283.7K
NOI $17,019 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 1412 sq ft commercial space in prime downtown location.
Where is this retail space located?
The property is located at 553 E 12th St. Brownsville, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Prime downtown Brownsville corner location.; 1412 sq. ft. commercial space offering a blank canvas.; Located one block from Market Square.
