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
    Property profile & analytics

    1141 Elizabeth St Brownsville, TX 78521

    • Commercial real estate
    • 5,560 SF
    • 0.14 lot acres
    For Sale
    View listing
    $1,199,000
    Last Sale
    Aug 12, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4425519
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • I Buy Houses Brownsville TX / Industrial Real Estate Agency
    • New York Trading / Store
    • Schultz's Garage Door Repair Brownsville / Garage Door Supplier

    Property Details for 1141 Elizabeth St

    Year built
    1930
    Lot size
    0.14 lot acres
    Property size
    5,560 SF
    Property type
    Commercial real estate
    APN
    01-0000-0640-0110-00
    APU
    100000640011000

    Description

    This stunning, two-story historic building at 1141 Elizabeth St., Brownsville, TX 78521, is offered for sale at $1,199,000. Built in 1930, this special-purpose property boasts a total of 8662 square feet situated in the heart of downtown Brownsville. The first floor, encompassing 5560 square feet, has undergone a complete renovation. Features include beautiful wooden floors, exposed brick walls, and elegant architectural details. This expansive, open space is further enhanced by a large room at the rear, offering exceptional versatility. Ideal uses for this floor include retail, restaurant, bar, or even a dance academy. The second floor, measuring 3102 square feet, presents a unique opportunity. Accessible via both an exterior side entrance and an interior staircase from the first floor, this space offers considerable flexibility. Currently configured with rooms off a central hallway, it requires updating and is suitable for a variety of uses, including office space, storage, or even a hotel. The property's prime downtown location and substantial square footage make it an exceptional investment opportunity in a thriving Texas city. The building's historic charm combined with its modern updates creates a unique blend of character and functionality, perfect for a discerning buyer seeking a versatile commercial space. Located in Cameron County, this property is ready for its next chapter.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4982
    Latitude
    25.9014
    CBSA code
    15180
    CBSA name
    BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,561
    $48,000
    $312,926
    $360,926
    -
    $48,000
    $312,926
    $360,926

    Comparable in this City

    • Value Estimation by Request

      706 12Th St

      Land
      706 12Th St, Brownsville, 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
    • Value Estimation by Request
      4,240 SF

      295 Frontage Rd

      Commercial real estate • 4,240 SF
      295 Frontage Rd, Brownsville, TX 78520
      View Details
    • Value Estimation
      $260,000
      0.81 Acres

      9765 Us Hwy 281

      COMMERCIAL (GENERAL) • 0.81 Acres
      9765 Us Hwy 281, Brownsville, TX 78520-9855
      View Details
    • Value Estimation
      $230,000
      0.07 Acres

      424 Jefferson St

      COMMERCIAL (GENERAL) • 0.07 Acres
      424 Jefferson St, Brownsville, TX 78520-6062
      View Details

    Similar Nearby for Sale

    • $950,000

      Downtown Brownsville Retail Opportunity

      Historic building, high foot traffic, renovation underway
      1159 Elizabeth St, 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
    • $6,800,000
      32,546 SF

      2101 Central Blvd, Brownsville, TX 78520

      Commercial real estate • 32,546 SF
      2101 Central 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
    • $449,000
      1.01 Acres

      Brownsville Commercial Land - Lot 3

      Prime 1-acre retail lot, high traffic area.
      0 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Brownsville Retail Space

      Versatile 2,250 sqft Retail Space
      801 International Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      8,483 SF

      Retail Space Available For Rent

      Retail space available for rent with central A/C.
      1655 Ruben M Torres Blvd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      60,000 SF

      Downtown Brownsville Office Space Available

      30,000 SF shell space in downtown Brownsville.
      315 E 12Th St, Brownsville, TX 78520
      View Details
    • Contact for pricing

      Prime Cameron County Office Space

      Single-tenant office, ideal location, ample amenities.
      844 Price Rd, Brownsville, TX 78520
      View Details
    • Contact for pricing
      5,250 SF

      Retail Space Available For Lease

      Retail space available for lease in Brownsville, TX.
      724 Central Blvd, 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
    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.
    1141 Elizabeth St
    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
    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.