Mixed-Use Property with
For Sale
$495,000
9345 Hwy 281, Brownsville, TX 78520
Commercial warehouse and brick veneer residence connected by a long paved drive, supporting combined business and residential use.
Property Size1,554 SF
Price / SF$318.53
Days on Market51
Property Features for 9345 Hwy 281
General Information
Standard status
Active
Size
1,554 SF
Additional Details
Drive-In Doors
4
Building Details
Year Built
2015
Construction
Metal
Listing Agency:
RCR Real Connect Realty
Listed By:
Eugene Tapia
Source:
Accessrealtyrgv
Added: Sep 5
Changed: Oct 9
Last Checked: Oct 7 at 5:28PM
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
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Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial metal warehouse with a brick veneer residence on the same lot. The commercial portion includes four high-entry garage doors, a client-facing lobby, one office, and three restrooms. The building previously operated as a recreational vehicle workshop and repair facility.
A long paved road extends from the commercial area to the residence, which offers 1,554 living square feet, three bedrooms, two bathrooms, and a one-car garage. Built in 2015, the property supports a live-work configuration with distinct business and residential areas. The trailer shown with the property does not convey with the sale.
A long paved road extends from the commercial area to the residence, which offers 1,554 living square feet, three bedrooms, two bathrooms, and a one-car garage. Built in 2015, the property supports a live-work configuration with distinct business and residential areas. The trailer shown with the property does not convey with the sale.
Key Highlights
- Metal warehouse with 4 high‑entry garage doors
- Commercial area includes a client lobby, office, and 3 restrooms
- Previously used as a recreational vehicle workshop and repair facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,734
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,680
$314.7K
Cap Rate 7%
$224,771
$224.8K
Cap Rate 9%
$174,822
$174.8K
Market Conditions
NOI Build-Up for 1,554 SF
Gross rent
$28.0K $18.00/SF
− Vacancy
−$2.8K −$1.80/SF
EGI
$25.2K $16.20/SF
− OpEx
−$9.4K −$6.07/SF
NOI
$15.7K $10.13/SF
Area
Brownsville, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,680
Cap Rate 7%
$224,771
Cap Rate 9%
$174,822
Alternative Uses
Best Use
Mixed Use
$224.8K
$196.7K – $262.2K
NOI $15,734 @ 7.0% cap · market cap 3.18%
Second Best
Office B
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 2.88%
Theoretical Best
Healthcare Medical
$267.6K
$234.1K – $312.2K
NOI $18,730 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial warehouse and brick veneer residence connected by a long paved drive, supporting combined business and residential use.
Where is this mixed-use property located?
The property is located at 9345 Hwy 281 Brownsville, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Metal warehouse with 4 high‑entry garage doors; Commercial area includes a client lobby, office, and 3 restrooms; Previously used as a recreational vehicle workshop and repair facility
