Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1322 Elizabeth St Brownsville, TX 78521

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic 4,000 sq ft building, high traffic

    Property Features for 1322 Elizabeth St

    General Information

    Property type
    Retail properties & Spaces

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Hector Rodriguez

    Listing Agency: RE/MAX Elite Listing Agent: Hector Rodriguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story retail building, situated at 1322 Elizabeth Street in Brownsville, Texas, presents a compelling investment opportunity. Constructed in 1948, the property offers approximately 4,000 square feet of space, divided between 2,800 square feet on the ground floor and 1,200 square feet on the second floor. The building's prime location on historic Elizabeth Street ensures high visibility and excellent walk-in traffic. Its proximity to the International Bridge and the University of Texas Rio Grande Valley (UTRGV) provides significant advantages for businesses seeking a strategic location with high foot traffic. The second floor offers considerable potential for diverse uses, allowing for flexibility and adaptability to various business needs. Furthermore, the property benefits from its location within a vibrant downtown area undergoing revitalization. The Brownsville Community Improvement Corporation (BCIC) offers grants through its Downtown Revitalization Program, presenting an additional incentive for potential buyers. The property's zip code is 78521, and it is located in Cameron County. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas city. The asking price is $275,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    CAMERON
    State
    Texas
    Longitude
    -97.330053
    Latitude
    25.9739925

    Nearby Similar for Sale

    • New
      $385,000
      3,372 SF

      Move-in Ready Office Building

      Office building near courthouse, move-in ready, and hurricane proof.
      1002 E Taylor St, Brownsville, TX 78520
      View Details
    • $399,000
      6,542 SF

      Downtown Church with Redevelopment Potential

      Local church near stadium, suitable for redevelopment.
      409 W 2Nd St, Brownsville, TX 78520
      View Details
    • New
      $300,000
      1,040 SF

      Brownsville Commercial Property with Garage

      Commercial property with service garage in high-traffic area.
      4723 Southmost Rd, Brownsville, TX 78521
      View Details
    • New
      $989,000
      1,574 SF

      Commercial Property with Resaca Views

      Three buildings on 1.1+ acres suitable for diverse commercial applications.
      529 Paredes Ave, Brownsville, TX 78520
      View Details
    • $900,000
      4,240 SF

      Commercial Property in Brownsville, Texas

      Four-lot commercial property with rental spaces and carport.
      295 Frontage Rd, Brownsville, TX 78520
      View Details
    • $359,000
      3,873 SF

      Commercial Property in High-Traffic Area

      Spacious units with private restrooms and A/C near downtown.
      1405 E Monroe St, Brownsville, TX 78520
      View Details
    • $150,000
      2,900 SF

      Downtown Restaurant Business Opportunity

      Restaurant business assets and leasehold interest for sale.
      902 E Adams St, Brownsville, TX 78520
      View Details
    • $384,000
      4,080 SF

      Turnkey Multifamily Investment Opportunity

      Eight-unit multifamily property in Brownsville, TX with recent upgrades.
      306 W Saint Francis St, Brownsville, TX 78520
      View Details
    • $875,000
      0.73 Acres

      Income-Producing Commercial Plaza

      Nine-unit commercial plaza in high-traffic Brownsville location.
      2701 E Price Rd, Brownsville, TX 78521
      View Details
    • $3,450,000
      11,360 SF

      Prime Retail Plaza Near Expressway

      High-visibility retail center with diverse tenants and growth potential.
      1160 E Alton Gloor Blvd, Brownsville, TX 78526
      View Details
    • $540,400
      2,782 SF

      Established Commercial Property in Brownsville

      Well-established day care with endless possibilities in high-traffic area.
      515 Robindale Rd, Brownsville, TX 78521
      View Details
    • $569,000
      5,626 SF

      Retail Showroom with Warehouse

      Commercial space featuring showroom and warehouse in Brownsville, TX.
      234 E Elizabeth St, Brownsville, TX 78520
      View Details

    FAQs

    What type of property is this?
    Retail property - Historic 4,000 sq ft building, high traffic
    Where is this retail property located?
    The property is located at 1322 Elizabeth St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    (956) 496-2012 Call to check price and availability
    Request Owner's contact information
    1322 Elizabeth St Brownsville, TX 78521
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1322 Elizabeth St
    Brownsville, TX 78521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1322 Elizabeth St Brownsville, TX 78521
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hector Rodriguez
    (956) 496-2012
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!