Two-Building Warehouse
New
For Sale
$2,299,900
8805 Fm 1421, Brownsville, TX 78520
Two metal structures provide open warehouse areas, with a front office and reception space in the primary building.
Property Size17,435 SF
Lot Size20.00 Acres
Price / SF$131.91
Days on Market4
Property Features for 8805 Fm 1421
General Information
Standard status
Active
Size
17,435 SF
Lot size
20.00 Acres
Zoning
CC
Building Details
Year Built
2005
Buildings
2
Construction
metal
Listing Agency:
RCR Real Connect Realty
Listed By:
Catalina Presas · License #0546920
(956) 459-4116
Source:
Accessrealtyrgv
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 1:24PM
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 RCR Real Connect Realty
Investment Insights
Based on property information with market context.
Built in 2005, the property comprises two freestanding metal warehouse buildings totaling approximately 17,435 square feet. The larger building has a front office and reception area, with open warehouse space beyond; the second building is devoted entirely to warehouse use. Both offer overhead doors and high clear heights.
The level, rectangular site includes a paved front area with striped parking and space for deliveries. It is zoned CC (Commercial Corridor), includes two tax IDs, and is described with a 20-acre tract.
The level, rectangular site includes a paved front area with striped parking and space for deliveries. It is zoned CC (Commercial Corridor), includes two tax IDs, and is described with a 20-acre tract.
Key Highlights
- Two freestanding metal buildings total approximately 17,435 square feet
- Primary building includes a front office, reception area, and open warehouse space
- Second building is entirely warehouse space
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
$99,048
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
4.31%
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%
$1,980,960
$2.0M
Cap Rate 7%
$1,414,971
$1.4M
Cap Rate 9%
$1,100,533
$1.1M
Market Conditions
NOI Build-Up for 17,435 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
$123.4K $7.08/SF
− Vacancy
−$6.9K −$0.40/SF
EGI
$116.5K $6.68/SF
− OpEx
−$17.5K −$1.00/SF
NOI
$99.0K $5.68/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,980,960
Cap Rate 7%
$1,414,971
Cap Rate 9%
$1,100,533
Alternative Uses
Best Use
Warehouse
$1.41M
$1.24M – $1.65M
NOI $99,048 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.00M
$2.63M – $3.50M
NOI $210,141 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78520, TX
64,949
Population
22,543
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
69%
High-School Grad
39.7 sq mi
ZIP Area
1,636
Density / Sq Mi
$47,331
Median Household Income
$27,529
Median Earnings
$842
Median Rent
$129,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Two metal structures provide open warehouse areas, with a front office and reception space in the primary building.
Where is this warehouse located?
The property is located at 8805 Fm 1421 Brownsville, TX.
What is the asking price?
The asking price for this property is $2,299,900.
What are key features of this property?
This property features: Two freestanding metal buildings total approximately 17,435 square feet; Primary building includes a front office, reception area, and open warehouse space; Second building is entirely warehouse space
