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    2305 Southmost Rd Brownsville, TX 78521

    Sponsored
    For Sale
    $850,000

    Brownsville, TX retail investment opportunity

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This 3,200 square foot Class A shopping center in Brownsville, Texas, presents a compelling investment opportunity. Located on a 0.16-acre corner lot at the intersection of Southmost Road (FM 1419) and E 23rd Street, this single-story, 2019-built property boasts a Traditional Neighborhood Corridor (TN-C) zoning designation. Currently featuring three units, with one occupied by Payment 1 Financial, the center offers significant potential for value appreciation. The property includes 16 parking spaces and has a 9.03% pro-forma cap rate, generating a pro-forma NOI of $76,752. The asking price is $850,000, translating to $265.62 per square foot and $132 per square foot for land value. The building's current occupancy is 33%, with two units available for lease or finish-out, providing an excellent opportunity for investors to increase income and occupancy. The lease type is modified, and the remaining lease term on the existing tenant is zero years. The property's APN is 38987 & 38982. This prime location on a major thoroughfare makes it an ideal investment for those seeking strong returns in a growing market.

    Property Features for 2305 Southmost Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,200 SF
    Class
    A
    Lot Size
    6,970 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Neighborhood shopping center investment opportunity.
    • 3,200 square foot building with three retail units.
    • High‑traffic location on a major thoroughfare.
    • Corner lot with excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Payment 1 Loans ... Loan Agency Charles Johnson Finance ... Loan Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.469620383308
    Latitude
    25.908750489729

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    FAQs

    What type of property is this?
    Lifestyle center - Brownsville, TX retail investment opportunity
    Where is this lifestyle center located?
    The property is located at 2305 Southmost Rd Brownsville, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Neighborhood shopping center investment opportunity.; 3,200 square foot building with three retail units.; High-traffic location on a major thoroughfare.
    Request Owner's contact information
    2305 Southmost Rd Brownsville, TX 78521
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    Brownsville, TX 78521
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    Realmo Value Estimation

    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.

    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.

    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
    2305 Southmost Rd Brownsville, TX 78521
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