Commercial Building with Three
2305 Southmost Rd Brownsville, TX 78521
2305 Southmost Rd, Brownsville, TX, 78521
Contact for pricing
For Sale
Contact for pricing
Three-unit commercial building with investment potential on corner lot.
Property Size3,200 SF
Price / SF$234.06
Days on Market1010
Property Features for 2305 Southmost Rd
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing agency
Coastal Realty
Listed by
Jimmy Barnard · License #TX 201217
Source
Crexi
Added: Oct 17, 2023 Updated: Jul 6 at 8:21AM Checked: Jul 22 at 10:48AM
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 Coastal Realty
Investment Insights
Based on property information with market context.
This commercial building features three units. Unit 1 is currently occupied by Payment 1 Financial. Units 2 and 3 require finishing. The property is located on the east corner of the intersection of Southmost Road (FM 1419) and E 23rd Street. The building has a total size of 3200 square feet, offering an opportunity for investors.
Key Highlights
- 3‑unit commercial building
- Tenant in Unit 1: Payment 1 Financial
- Units 2 & 3 need finish out
Local 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 | $46.1k | $14.40 |
| − Vacancy | −$2.6k | −$0.81 |
| EGI | $43.5k | $13.59 |
| − OpEx | −$13.0k | −$4.08 |
| NOI | $30.4k | $9.52 |
3,200 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$435.0K
$380.6K – $507.5K
NOI $30,450 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Payment 1 Loans ...
Loan Service
Charles Johnson Finance ...
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-unit commercial building with investment potential on corner lot.
Where is this retail space located?
The property is located at 2305 Southmost Rd Brownsville, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3‑unit commercial building; Tenant in Unit 1: Payment 1 Financial; Units 2 & 3 need finish out
