Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Central Blvd Title is generated by Realmo AI

    615 CENTRAL BLVD., Brownsville, TX 78520

    View on Map
    Claim this Listing
    For Sale
    $700,000

    Retail space available in historical district with existing inventory.

    Type:General Commercial
    Property size:
    312 SF
    Price / SF:
    $2,243/SF
    Added:
    Oct 14, 2024
    Days on Market:
    598
    Last Refresh:
    May 13 at 8:30 pm

    Property Features for 615 CENTRAL BLVD.

    General Information

    Standard status
    Active
    Size
    312 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    Summit Properties

    Listing agent Summit Properties

    Listing office

    Listing date Oct 14, 2024

    Source Xome

    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 Summit Properties

    HighLights

    • Excellent business opportunity.
    • Seller is leaving majority of equipment, inventory, and clientele.
    • Located on Central Blvd in the Historical District.
    • Three guest facilities.
    • Covered and fenced parking with paved driveway.
    • Extra storage and security lighting.

    Overview

    This retail space is located on Central Blvd in a historical district. The property offers an excellent business opportunity. The seller is including a majority of the existing equipment, inventory, and clientele with the sale. The property size is 312 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jesus Auto Service Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.5729
    Latitude
    26.0002

    Nearby Similar for Sale

    • $350,000
      6,542 SF

      Downtown Church Building For Sale

      Local community church with conversion potential near downtown Brownsville.
      409 W 2nd Street, Brownsville, TX 78520
      View Details
    • $385,000
      3,372 SF

      Move-in Ready Office Building

      Office building near courthouse, move-in ready, and hurricane proof.
      1002 E TAYLOR ST, BROWNSVILLE, TX 78520
      View Details
    • $895,000
      6,600 SF

      Southmost Investment Opportunity

      Investment property in high-demand area with expansion potential.
      5994 SOUTHMOST RD., BROWNSVILLE, TX 78523
      View Details
    • $929,000
      9,538 SF

      Versatile Commercial Property on Van Buren

      Centrally located commercial property with high visibility and expansion potential.
      1800 E Van Buren Street, Brownsville, TX 78520
      View Details
    • $290,000
      1,040 SF

      Brownsville Commercial Property with Garage

      Commercial property with service garage in high-traffic area.
      4723 SOUTHMOST RD., BROWNSVILLE, TX 78521
      View Details
    • $989,000
      1,574 SF

      Commercial Property with Resaca Views

      Three buildings on 1.1+ acres suitable for diverse commercial applications.
      529 PAREDES AVE, BROWNSVILLE, TX 78520
      View Details
    • $225,000
      1,412 SF

      Downtown Brownsville Commercial Space

      1412 sq ft commercial space in revitalized downtown Brownsville.
      553 E 12TH ST., BROWNSVILLE, TX 78520
      View Details
    • $145,000
      2,738 SF

      Brownsville Multifamily Investment Opportunity

      Three rentable units in historic downtown Brownsville with income potential.
      902 E MONROE ST., BROWNSVILLE, TX 78520
      View Details
    • $330,000
      2,442 SF

      Brownsville Duplex with Rental Potential

      Move-in ready duplex near SpaceX, shopping, and South Padre Island.
      4318 WACO RD., BROWNSVILLE, TX 78521
      View Details
    • $150,000
      1,068 SF

      Remodeled Multi-Building Property in Brownsville

      Multi-building property in Brownsville's Downtown/Mitte Entertainment District.
      445 E JEFFERSON ST., BROWNSVILLE, TX 78520
      View Details
    • $1,600,000
      2,960 SF

      Commercial Property Near SpaceX

      10-acre commercial property with multiple buildings and residential home.
      2011 S INDIANA AVE., BROWNSVILLE, TX 78521
      View Details
    • $2,500,000
      35,378 SF

      Commercial Property on High-Traffic Thoroughfare

      5-acre commercial property with storage units, collision center, and expansion potential.
      3800 Paredes Line Road, Brownsville, TX 78526
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in historical district with existing inventory.
    Where is this retail space located?
    The property is located at 615 CENTRAL BLVD. Brownsville, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Excellent business opportunity.; Seller is leaving majority of equipment, inventory, and clientele.; Located on Central Blvd in the Historical District.
    (956) 266-1818
    We can help!
    Listing Contact
    Summit Properties
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    615 CENTRAL BLVD., Brownsville, TX 78520
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!