Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    965 Fm 802 Brownsville, TX 78520
    Back to Search
    Property profile & analytics

    965 Fm 802 Brownsville, TX 78520

    View on Map
    • Retail properties & Spaces
    • 3,817 SF
    • 12,625.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 965 Fm 802

    Year built
    2016
    Lot size
    12,625.00 lot acres
    Property size
    3,817 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This Brownsville, Texas commercial plaza presents a fantastic investment opportunity. Located on FM 802, this 3,817 square foot property sits on a 12.625-acre lot and features three units, currently 90% occupied. The existing tenants include a restaurant and T-Mobile, offering immediate cash flow. One vacant 700 square foot unit provides potential for additional rental income or repurposing. The property, built in 2016, is zoned COMM F1 and offers ample parking with 14 dedicated spaces. The sale includes existing tenants and is a gross lease. This versatile property, suitable for various retail and office uses, offers significant potential for maximizing returns. The property's prime location on FM 802 ensures high visibility and traffic. The asking price is $745,000. The occupancy date for the current lease is April 18, 2024. The property's APN is 153151.

    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
    -97.5319
    Latitude
    25.9426

    Comparable in this City

    • Value Estimation by Request
      55,942 SF

      1400 Palm Blvd

      Restaurants • 55,942 SF
      1400 Palm Blvd, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      1.20 Acres

      2760 Alton Gloor Blvd

      Restaurants • 1.20 Acres
      2760 Alton Gloor Blvd, Brownsville, TX 78520
      View Details
    • Value Estimation by Request

      2165 Military Hwy

      Restaurants
      2165 Military Hwy, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      800 SF

      1940 Pecan St

      Office Units • 800 SF
      1940 Pecan St, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      14,780 SF

      2355 Frontage Rd

      Office properties & Spaces • 14,780 SF
      2355 Frontage Rd, Brownsville, TX 78520
      View Details
    • Value Estimation by Request
      10,563 SF

      3777 Expressway

      Lifestyle centers • 10,563 SF
      3777 Expressway, Brownsville, TX 78520
      View Details

    Similar Nearby for Sale

    • $4,709,524
      2,724 SF

      Raising Cane's - Brownsville, TX

      High-traffic NNN-leased restaurant
      3341 Boca Chica Boulevard, Brownsville, TX 78520
      View Details
    • $1,700,000
      2.57 Acres

      Prime Commercial Opportunity in Brownsville

      2.57 acres with building, ideal for development.
      1190 Mackintosh Dr, Brownsville, TX 78520
      View Details
    • $250,000

      Downtown Brownsville Historic Mixed-Use Property

      Historic downtown Brownsville property with investment potential.
      25 Elizabeth St, Brownsville, TX 78520
      View Details
    • $1,100,000
      9,538 SF

      Brownsville Retail Opportunity on Van Buren

      Centrally located retail property with high visibility and expansion potential.
      1800 Van Buren St, Brownsville, TX 78520
      View Details
    • Contact for pricing
      5,796 SF

      Brownsville Restaurant on Expressway Frontage

      Recently constructed LongHorn Steakhouse with high traffic exposure.
      3891 Frontage Rd, Brownsville, TX 78520
      View Details
    • $150,000
      2,900 SF

      Downtown Restaurant Business Opportunity

      Restaurant business assets and leasehold interest for sale.
      902 E Adams St, Brownsville, TX 78520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Rent

      Commercial property near upcoming international bridge in Brownsville, Texas.
      2760 W Alton Gloor Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      5,944 SF

      Retail Space in Brownsville, TX

      Retail property available for lease in Brownsville, Texas.
      900 E Elizabeth St, Brownsville, TX 78520
      View Details
    • Contact for pricing

      Retail Space Near Medical Center

      Shopping center space for retail, restaurant, medical, or office tenants.
      780 Central Blvd, Brownsville, TX 78520
      View Details
    • $18 SF/Yr
      4,000 SF

      Downtown Retail or Office Space

      Versatile 4,000 SF space in central downtown location.
      934 E Levee St, Brownsville, TX 78520
      View Details
    • $18 SF/Yr
      2,000 SF

      Office Space Available For Rent

      Office space available for lease in Brownsville, Texas.
      4202 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • $1,000 /Mo
      553 SF

      Acapulco Office For Lease - 553 SF Of Open Area

      Acapulco Office For Lease - 553 SF Of Open Area
      735 MEDIA LUNA ST Suite Acapulco, 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.
    965 Fm 802
    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

    Thank You for Inquiry
    965 Fm 802, 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!