For Sale
Contact for pricing
813 MINNESOTA AVE., Brownsville, TX 78521
Retail space
Property Size9,810 SF
Lot Size1.09 Acres
Price / SF$203.77
Days on Market661
Property Features for 813 MINNESOTA AVE.
General Information
Standard status
Active
Size
9,810 SF
Lot size
1.09 Acres
Property subtype
Retail
Building Details
Year Built
2019
Listing Agency:
Liz Realty, LLC
Listed By:
Liz Vera · License #0497912
Source:
Crexi
Added: Oct 10, 2024
Changed: Jul 10
Last Checked: Jul 31 at 12:51PM
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 Liz Realty, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Anchored by Family Dollar, providing a stable tenant.
- Prime commercial location near Brownsville Airport & Space X, ensuring high visibility.
- Substantial 9,810‑square‑foot retail space on 1.0920 acres.
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 | $141.3k | $14.40 |
| − Vacancy | −$7.9k | −$0.81 |
| EGI | $133.4k | $13.59 |
| − OpEx | −$40.0k | −$4.08 |
| NOI | $93.3k | $9.52 |
9,810 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,347 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,238 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Watermill Express
Shops & Services
1,872 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this retail space located?
The property is located at 813 MINNESOTA AVE. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Anchored by Family Dollar, providing a stable tenant.; Prime commercial location near Brownsville Airport & Space X, ensuring high visibility.; Substantial 9,810‑square‑foot retail space on 1.0920 acres.
