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

    706 12Th St Brownsville, TX 78520

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 706 12Th St

    Property type
    Land

    Description

    This exceptional 2,000-square-foot commercial office space is located in the heart of Brownsville's historic downtown, within walking distance of Market Square. Situated on the upper floor of a beautifully restored building at 706 E 12th Street, this single-tenant space boasts high ceilings, six rooms, and several original pocket doors offering flexibility in layout and privacy. Partial original hardwood floors add to the building's charm, complemented by abundant natural light from oversized windows. Street-facing rooms provide stunning views of City Hall and Market Square. The property includes two half-bathrooms, a gated keyed front door for security, and commercial ceiling fans in the hallway for efficient air circulation. Modern updates include central air and heat, all new wiring and plumbing, and tinted windows with blinds for optimal temperature control. This prime location offers unparalleled access to trendy restaurants, bars, retail businesses, landmarks, the University of Texas Rio Grande Valley (UTRGV), banks, and art museums. Ideal for a variety of professional uses, including law firms, accounting practices, architectural/design firms, and more. APN: 28206. The property is zoned for commercial use. No parking is included with this lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4966
    Latitude
    25.9024

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      Boca Chica Blvd

      Land • 1.40 Acres
      0 Boca Chica Blvd, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      7.61 Acres

      Wildrose Ln

      Land • 7.61 Acres
      0 Wildrose Ln, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      1 SF

      & US-281 Nec Of Ruben M Torres Sr Blvd

      Land • 1 SF
      & US-281 Nec Of Ruben M Torres Sr Blvd, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      1.19 Acres

      281 Military Plz

      Land • 1.19 Acres
      281 Military Plz, San Benito, TX 78520
      View Details
    • Value Estimation by Request
      766,639 SF

      802 Us Hwy 77 & State Hwy

      Individual retail properties • 766,639 SF
      802 Us Hwy 77 & State Hwy, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      1.01 Acres

      Ruben M Torres Blvd

      Land • 1.01 Acres
      0 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details

    Similar Nearby for Sale

    • $3,100,000
      7.61 Acres

      7.61 Acres Brownsville Development Land

      Prime 7.61-acre commercial/residential tract. High-traffic location.
      0 Wildrose Ln, Brownsville, TX 78520
      View Details
    • $380,000

      Brownsville Commercial Land - $380K

      Prime Brownsville land, 5,976 sq ft, 1994 build.
      128 Jefferson St, Brownsville, TX 78520
      View Details
    • $385,000
      1.00 Acre

      Albuquerque Industrial Warehouse Space

      Prime I-25 Corridor Warehouse Available
      0000 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • $564,537
      1.40 Acres

      Boca Chica Blvd Commercial Land

      1.4-acre commercial development site in Brownsville, TX.
      0 Boca Chica Blvd, Brownsville, TX 78520
      View Details
    • $564,537
      1.40 Acres

      Boca Chica Blvd Commercial Land

      1.4 Acres, High-Traffic Location
      0 Boca Chica Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      3.00 Acres

      Brownsville Pad Sites - Military Hwy

      3 Acres, High-Traffic Location, Prime Development
      0 Military Hwy Flor De Mayo Rd, Brownsville, TX 78520
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      16,553 SF

      Brownsville Retail Land Opportunity

      High-traffic Expressway 77/83 pad site.
      77/83 Morrison Rd, Brownsville, TX 78520
      View Details
    • Contact for pricing

      Brownsville Industrial Land - 388 Acres

      Prime Texas industrial land, ideal for rail & port operations.
      281 & New Carmen Ave, Brownsville, TX 78520
      View Details
    • Contact for pricing
      766,639 SF

      Brownsville Retail Center Opportunity

      Prime Brownsville retail space, multiple suites available.
      0 Us Hwy 77 & State Hwy 802, Brownsville, TX 78520
      View Details
    • Contact for pricing
      52,272 SF

      Brownsville Commercial Land Opportunity

      Prime 1.2-acre retail/restaurant site
      2760 Alton Gloor Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      30,056 SF pad site in North Towne Plaza.
      525 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing

      Prime Retail Land For Lease

      Strategically located land in a high-traffic retail area.
      3401 Old Highway 77, Brownsville, TX 78520
      View Details
    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.
    706 12Th St
    Brownsville, TX 78520
    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

    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.