Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1820 Milpa Verde Brownsville, TX 78521

    Sponsored
    For Sale
    $52,500

    Texas Farm & Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 1.6-acre property, located at 1820 Milpa Verde in Brownsville, Texas, presents a unique investment opportunity. Zoned for both farm and residential use, this versatile land offers significant potential. Situated in Cameron County, zip code 78521, the property boasts a tranquil setting with large, mature trees providing ample shade and privacy. The asking price is $52,500. Its convenient location places it a short distance from the US/Mexico border, offering easy access to both countries. The land's size and zoning flexibility make it suitable for a variety of uses, from establishing a small farm to building a private residence. The property's natural beauty and secluded atmosphere create a peaceful environment, ideal for those seeking a tranquil escape or a unique development project. Utilities are not specified and should be verified by the buyer. This is a rare opportunity to acquire a sizable parcel of land in a desirable location at an attractive price. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. Coordinates are 25.8792578 latitude and -97.4514162 longitude.

    Property Features for 1820 Milpa Verde

    General Information

    Property type
    Farms
    Lot Size
    69,696 SF

    We can help!

    Listing Contact
    Jesus Gonzalez

    Learn more

    HighLights

    • 1.6‑acre lot in Brownsville, TX, zoned for farm and residential use.
    • Asking price: $52,500.
    • Located in Cameron County, zip code 78521, near the US/Mexico border.
    • Features mature trees and a tranquil setting.
    • Utilities need verification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4514162
    Latitude
    25.8792578

    Nearby Similar for Sale

    • New
      $190,000
      2,900 SF

      Downtown Brownsville Restaurant Opportunity

      Restaurant business assets and leasehold interest for sale in Brownsville.
      902 E Adams St, Brownsville, TX 78520
      View Details
    • $649,000
      4,891 SF

      Downtown Brownsville Turnkey Restaurant Space

      Turnkey restaurant in thriving downtown location with high-traffic.
      934 E Adams St, Brownsville, TX 78520
      View Details
    • $2,500,000
      35,378 SF

      Brownsville Commercial Property on 5 Acres

      Investment opportunity with storage units, collision center, and expansion potential.
      3800 Paredes Line Rd, Brownsville, TX 78526
      View Details
    • $399,000
      6,542 SF

      Downtown Church Near Sam's Stadium

      Local church near downtown Brownsville, close to Sam's Stadium.
      409 W 2Nd St, Brownsville, TX 78520
      View Details
    • $3,450,000
      0.85 Acres

      Prime Retail Plaza Near Expressway

      High-visibility retail center with diverse tenants and investment potential.
      1160 E Alton Gloor Blvd, Brownsville, TX 78526
      View Details
    • $875,000
      0.73 Acres

      Income-Producing Commercial Plaza

      Nine-unit commercial plaza in high-traffic Brownsville location.
      2701 E Price Rd, Brownsville, TX 78521
      View Details
    • $279,000
      2,784 SF

      Income-Producing Property on Corner Lot

      Income-producing property with main home and two detached apartments.
      2000 W Jefferson St, Brownsville, TX 78520
      View Details
    • $795,000
      Pending

      Professional Office Building in Brownsville

      Well-maintained 7,000 SF office building in a prime location.
      114 W Jefferson St, Brownsville, TX 78520
      View Details
    • $209,500
      1,840 SF

      Income Producing Duplex in Brownsville

      Duplex near Space X and Port of Brownsville, Texas.
      6267 Tecate Dr, Brownsville, TX 78520
      View Details
    • $900,000
      4,240 SF

      Commercial Property with Rental Income

      Four lots with rental spaces and carport in Brownsville, TX.
      295 Frontage Rd, Brownsville, TX 78520
      View Details
    • $540,400
      2,782 SF

      Established Business in High-Traffic Area

      Well-established business suitable as a day care in Brownsville, TX.
      515 Robindale Rd, Brownsville, TX 78521
      View Details
    • $399,000
      4,080 SF

      Turnkey Multifamily Investment Opportunity

      8-unit multifamily property with recent upgrades and income potential.
      306 W Saint Francis St, Brownsville, TX 78520
      View Details

    FAQs

    What type of property is this?
    Farm - Texas Farm & Residential Land
    Where is this farm located?
    The property is located at 1820 Milpa Verde Brownsville, TX.
    What is the asking price?
    The asking price for this property is $52,500.
    What are key features of this property?
    This property features: 1.6-acre lot in Brownsville, TX, zoned for farm and residential use.; Asking price: $52,500.; Located in Cameron County, zip code 78521, near the US/Mexico border.
    Request Owner's contact information
    1820 Milpa Verde Brownsville, TX 78521
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1820 Milpa Verde
    Brownsville, TX 78521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1820 Milpa Verde Brownsville, TX 78521
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jesus Gonzalez
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.