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    1245 Elizabeth St Brownsville, TX 78520

    • Commercial real estate
    • 3,471 SF
    • 0.08 lot acres
    For Sale
    View listing
    $675,000
    Value Estimation
    Location Intelligence
    Property ID
    US83-4142148
    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

    • Nice Shoes Inc / Shoe Store

    Property Details for 1245 Elizabeth St

    Year built
    1895
    Lot size
    0.08 lot acres
    Property size
    3,471 SF
    Property type
    Commercial real estate
    APN
    01-0000-0630-0121-00
    APU
    100000630012100

    Description

    This unique special purpose property, located at 1245 Elizabeth St. in Brownsville, Texas, 78520, is offered at $675,000. Built in 1895, the property is undergoing renovations and sits in a rapidly developing downtown area. The high foot traffic area boasts numerous restaurants, entertainment venues, and an art museum, creating a vibrant and attractive environment. The property's strategic location makes it a strong candidate for consideration under the BCIC grant program. This presents a significant opportunity for investors seeking a unique property in a thriving urban setting. The property's historical character combined with its modernizing improvements offers a compelling investment proposition. A 1031 exchange will be considered. Buyers are responsible for independently verifying all information regarding the property's details and accuracy. The property is situated in Cameron County. Geographic coordinates are 25.9007421 latitude and -97.497421 longitude.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $335,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $305,000
      Mixed-Use
      $355,000
      Hospitality
      $350,000
      Educational
      $310,000
      Residential Income
      $355,000
      Energy
      $310,000
      Income-Based Land
      $310,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4974
    Latitude
    25.9007
    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
    $2,731
    $27,840
    $91,928
    $119,768
    -
    $27,840
    $91,928
    $119,768

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    1245 Elizabeth St
    Brownsville, TX 78520
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    Realmo Value Estimation

    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.

    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.

    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
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