Building Details

Building Size 8,955 SF

Year Built 2004

Stories 1

Tenancy Multi

Listing Agency: URSA Real Estate m***@ursarealestate.com Show Phone

Listed By: Santiago Mendiola · License #767977 Show Phone

Source: Dolcevitargv

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 3:47PM

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Investment Insights

Based on property information with market context.

This 4-unit retail plaza contains 8,955 SF and was built in 2004. All four units are occupied, and the property is located at the corner of Alton Gloor Boulevard and Pablo Kisel Boulevard in Brownsville.

Key Highlights

• 4‑unit retail plaza
• 8,955 SF of retail space
• Fully occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,211

Cap Rate

3.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,704,220 $1.7M

Cap Rate 7%

$1,217,300 $1.2M

Cap Rate 9%

$946,789 $946.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,955 SF

Gross rent

$129.0K $14.40/SF

− Vacancy

−$7.2K −$0.81/SF

EGI

$121.7K $13.59/SF

− OpEx

−$36.5K −$4.08/SF

NOI

$85.2K $9.52/SF

Area

Brownsville, TX

Vacancy

5.60%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,704,220

Cap Rate 7%

$1,217,300

Cap Rate 9%

$946,789

Alternative Uses

Best Use

Retail

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,211 @ 7.0% cap · market cap 3.41%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,933 @ 7.0% cap · market cap 4.32%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Rick Armendariz - State ... Insurance Agency AUTREY PHARMACY 3 Pharmacy Dr. Jose A. Bossolo, ... Physician Subway Take-out & Catering Valley Med Urgent ... Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Electrical Service Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

439

Businesses Nearby

47k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 62% Shops & Services 32% Electronics 6%

Stripes Shops & Services

15,073 visits/mo 0.3 miles

Wingstop Dining

10,963 visits/mo 0.5 miles

The Human Bean Dining

9,545 visits/mo 0.3 miles

Pizza Hut Dining

6,080 visits/mo 0.3 miles

Cricket Wireless Authorized Retailer Electronics

2,921 visits/mo 0.3 miles

Demographics for 78526, TX

55,164

Population

18,222

Households

3

Avg Household Size

32

Median Age

29%

College-Educated

79%

High-School Grad

47.4 sq mi

ZIP Area

1,164

Density / Sq Mi

$68,143

Median Household Income

$36,451

Median Earnings

$1,080

Median Rent

$158,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Shopping center - Four occupied retail spaces meet at the Alton Gloor Boulevard and Pablo Kisel Boulevard intersection.

Where is this shopping center located?

The property is located at 800 E Alton Gloor Boulevard Brownsville, TX.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 4‑unit retail plaza; 8,955 SF of retail space; Fully occupied