Restaurant Property with Industrial
For Sale
$749,000
5550 Padre Island Hwy., Brownsville, TX 78521
Equipped restaurant facility with a separate building for office or storage use.
Property Size3,434 SF
Price / SF$218.11
Days on Market89
Property Features for 5550 Padre Island Hwy.
General Information
Standard status
Active
Size
3,434 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$54,000
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
RE/MAX Elite Brownsville
Listed By:
RAUL AGUILAR · License #565_630
(956) 701-0623
Source:
Accessrealtyrgv
Added: Jul 21
Changed: Oct 1
Last Checked: Oct 16 at 12:32PM
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 RE/MAX Elite Brownsville
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 3,434-square-foot primary building configured for restaurant operations, with an industrial kitchen and restaurant equipment in place. A separate 400-square-foot structure sits behind the main building and can support office or storage functions.
The property is leased to a restaurant operator under a lease extending through May 2027. Its address is 5550 Padre Island Hwy., Brownsville, TX 78521, providing an established restaurant-use location with existing improvements and an auxiliary building.
The property is leased to a restaurant operator under a lease extending through May 2027. Its address is 5550 Padre Island Hwy., Brownsville, TX 78521, providing an established restaurant-use location with existing improvements and an auxiliary building.
Key Highlights
- 3,434‑square‑foot main restaurant building
- Industrial kitchen and restaurant equipment included
- Separate 400‑square‑foot office or storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,010
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,200
$700.2K
Cap Rate 7%
$500,143
$500.1K
Cap Rate 9%
$389,000
$389.0K
Market Conditions
NOI Build-Up for 3,434 SF
Gross rent
$49.4K $14.40/SF
− Vacancy
−$2.8K −$0.81/SF
EGI
$46.7K $13.59/SF
− OpEx
−$11.7K −$3.40/SF
NOI
$35.0K $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 Rate 5%
$700,200
Cap Rate 7%
$500,143
Cap Rate 9%
$389,000
Alternative Uses
Best Use
Specialty Retail
$500.1K
$437.6K – $583.5K
NOI $35,010 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$229.5K
$200.8K – $267.8K
NOI $16,066 @ 7.0% cap · market cap 2.14%
Theoretical Best
Healthcare Medical
$591.3K
$517.4K – $689.8K
NOI $41,389 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Home Improvements & Furnishings 8%
Sunoco
Shops & Services
12,611 visits/mo
0.4 miles
Dollar General
Shops & Services
7,887 visits/mo
0.2 miles
Stripes
Shops & Services
6,673 visits/mo
0.4 miles
First Cash Pawn
Shops & Services
3,066 visits/mo
0.4 miles
McCoy's Building Supply
Home Improvements & Furnishings
2,780 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped restaurant facility with a separate building for office or storage use.
Where is this conventional restaurant located?
The property is located at 5550 Padre Island Hwy. Brownsville, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,434‑square‑foot main restaurant building; Industrial kitchen and restaurant equipment included; Separate 400‑square‑foot office or storage building
