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    1400 Palm Blvd Brownsville, TX 78520

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    Brownsville, TX: Prime Retail Space Available

    Lot size:
    55,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    Palm Village, a vibrant Brownsville, Texas retail center, offers 13 available spaces ranging from 686 to 8,386 square feet within its 55,942-square-foot building. Completely renovated in 2024, this single-story center features a new parking lot and updated facade, enhancing its curb appeal. Located at 1400 Palm Blvd, Brownsville, TX 78520 (25.9136918, -97.5003656), it enjoys excellent visibility and frontage on Palm Boulevard, providing high traffic exposure. The property's strategic location near downtown Brownsville, the Brownsville Zoo, and the international bridge ensures high foot and vehicle traffic. Its proximity to the Belden West Brownsville cycle and pedestrian trail adds to its appeal. Easy expressway access further enhances convenience for customers. The center currently houses a diverse mix of tenants, including Dollar General, FIT LABS GYM, and Chicken Run BBQ, creating a thriving commercial environment. The property consists of 22 total suites, with a minimum divisible space of 686 square feet and a maximum contiguous space of 8,386 square feet. There are no elevators. This is an exceptional opportunity for businesses seeking high-visibility retail space in a rapidly growing area. The property's recent renovations and prime location make it an ideal choice for a variety of retail uses.

    Property Features for 1400 Palm Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,942 SF

    Building Details

    Year Renovated
    2024
    Stories
    1

    Unit(s) available at that property

    Space
    3
    Size
    4,076 SF
    Space
    9
    Size
    3,403 SF
    Space
    1
    Size
    3,222 SF
    Space
    2
    Size
    1,377 SF
    Space
    16
    Size
    1,697 SF
    Space
    11
    Size
    2,741 SF
    Space
    15
    Size
    824 SF
    Space
    24
    Size
    1,840 SF
    Space
    25
    Size
    1,461 SF
    Space
    13,14
    Size
    2,695 SF
    Space
    17
    Size
    981 SF
    Space
    20
    Size
    1,020 SF
    Space
    12
    Size
    1,212 SF

    We can help!

    Listing Contact
    Claudia Ayarzagoitia
    Claudia Ayarzagoitia

    Learn more

    HighLights

    • 13 available retail spaces, 686‑8,386 square feet, in a 55,942‑square‑foot building.
    • Completely renovated in 2024 with new parking lot and updated facade.
    • High‑visibility location on Palm Boulevard in Brownsville, TX, near downtown, the zoo, and the international bridge.
    • Easy expressway access and proximity to a pedestrian/cycle trail.
    • Strong tenant mix including Dollar General, FIT LABS GYM, and Chicken Run BBQ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vita Zumo Restaurant Pitti's Pizza Pizza Restaurant Palm Village Shopping ... Business Center Dance Expressions Dance School Feed My Lambs ... Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.5003656
    Latitude
    25.9136918

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    FAQs

    What type of property is this?
    Restaurant - Brownsville, TX: Prime Retail Space Available
    Where is this restaurant located?
    The property is located at 1400 Palm Blvd Brownsville, TX.
    What are key features of this property?
    This property features: 13 available retail spaces, 686-8,386 square feet, in a 55,942-square-foot building.; Completely renovated in 2024 with new parking lot and updated facade.; High-visibility location on Palm Boulevard in Brownsville, TX, near downtown, the zoo, and the international bridge.
    Request Owner's contact information
    1400 Palm Blvd Brownsville, TX 78520
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    Brownsville, TX 78520
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    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
    1400 Palm Blvd Brownsville, TX 78520
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    We can help!
    Listing Contact
    Claudia Ayarzagoitia
    Claudia Ayarzagoitia
    Real Estate License ID: 590183
    Learn more
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