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

    655 Minnesota Ave Brownsville, TX 78521

    • Commercial real estate
    • 354 SF
    • 0.50 lot acres
    For Lease
    View listing
    Last Sale
    Jun 29, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5508036
    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

    • Melis To Go / Mexican Restaurant
    • Saturn Munchies / Snack Bar
    • Pepe's Snow Cone / Dessert Shop

    Property Details for 655 Minnesota Ave

    Year built
    1995
    Lot size
    0.50 lot acres
    Property size
    354 SF
    Property type
    Commercial real estate
    APN
    03-9971-0010-0020-00
    APU
    399710010002000

    Description

    This exceptional single-tenant office building at 655 Minnesota Ave., Brownsville, TX, represents a unique opportunity for businesses seeking a brand-new, state-of-the-art workspace. Completed in 2024, this special-purpose property boasts a modern design and is ideally suited for companies prioritizing a fresh, professional environment. Located in Cameron County, the building features a single suite, offering ample space for a variety of business needs. The property's convenient Brownsville location, with zip code 78521, provides easy access to local amenities and transportation networks. The building's new construction ensures modern infrastructure and energy-efficient features, minimizing operational costs and maximizing comfort. This is a rare chance to secure a pristine, contemporary office space in a thriving Texas market. The property is ready for immediate occupancy, offering a seamless transition for businesses seeking a move-in ready solution. Its single-tenant configuration provides privacy and control, making it an attractive option for companies valuing exclusivity and a dedicated workspace. This represents a compelling investment opportunity in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.432
    Latitude
    25.9234
    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
    $2,244
    $139,402
    $40,598
    $180,000
    -
    $139,402
    $40,598
    $180,000

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      6865 Foust Rd

      COMMERCIAL (GENERAL) • 2.70 Acres
      6865 Foust Rd, Brownsville, TX 78521-1011
      View Details
    • Value Estimation by Request
      1.82 Acres

      Indiana Ave

      COMMERCIAL (GENERAL) • 1.82 Acres
      Indiana Ave, Brownsville, TX 78521
      View Details
    • Value Estimation by Request
      4.98 Acres

      Cantu Rd

      COMMERCIAL (GENERAL) • 4.98 Acres
      Cantu Rd, Brownsville, TX 78521
      View Details
    • Value Estimation by Request
      0.13 Acres

      Cv Cir

      COMMERCIAL (GENERAL) • 0.13 Acres
      Cv Cir, Brownsville, TX 78521
      View Details
    • Value Estimation by Request
      4.97 Acres

      3960 Dry Dock Ct

      COMMERCIAL (GENERAL) • 4.97 Acres
      3960 Dry Dock Ct, Brownsville, TX 78521
      View Details
    • Value Estimation by Request
      0.14 Acres

      Brownsville, TX 78521

      COMMERCIAL (GENERAL) • 0.14 Acres
      Brownsville, TX 78521
      View Details

    Similar Nearby for Sale

    • $1,999,000
      2.25 Acres

      Brownsville Office Building - 2.25 Acres

      Prime Brownsville Office, 18,320 sq ft, ample parking.
      1060 Mackintosh Dr, Brownsville, TX 78521
      View Details
    • $52,500
      1.60 Acres

      Brownsville Farm Land - 1.6 Acres

      Texas Farm & Residential Land
      1820 Milpa Verde, Brownsville, TX 78521
      View Details
    • $1,999,000
      18,320 SF

      Brownsville Office Building - Prime Location

      Spacious Office Building, Ample Parking, US-83 Access
      1060 Mackintosh Dr, Brownsville, TX 78521
      View Details
    • $1,200,000

      Land For Sale - Brownsville

      Land
      0 Price Rd, Brownsville, TX 78521
      View Details
    • $215,000
      1,179 SF

      Brownsville Commercial Land & Office

      Prime Brownsville location, large lot, office space.
      3135 Southmost Rd, Brownsville, TX 78521
      View Details
    • $556,000

      Brownsville Commercial Land - 5.56 Acres

      Prime Brownsville acreage, high potential.
      7485 Dockberry Rd, Brownsville, TX 78521
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      100,000 SF

      Brownsville Industrial Warehouse Space

      Large warehouse, multiple tenants, excellent location.
      8250 Ruben M Torres Blvd, Brownsville, TX 78521
      View Details
    • Contact for pricing
      54,000 SF

      Sabal Market Center: Brownsville Retail

      Prime Brownsville retail & office spaces available.
      800 Frontage Rd, Brownsville, TX 78521
      View Details
    • Contact for pricing
      750,791 SF

      Sunrise Mall Retail Spaces

      Brownsville, TX Shopping Center Opportunity
      2370 Expressway, Brownsville, TX 78521
      View Details
    • $6,250 /Mo

      Commercial Land on 14th Street

      Commercial land for rent with frontage on 14th Street.
      4434 E 14Th St, Brownsville, TX 78521
      View Details
    • $15 SF/Yr
      10,490 SF

      Retail Space on Boca Chica

      Retail property available for lease on Boca Chica Blvd.
      2200 Boca Chica Blvd, Brownsville, TX 78521
      View Details
    • Contact for pricing

      Southmost Road Business Opportunity

      Prime Cameron County Office Space
      1711 Southmost Rd, Brownsville, TX 78521
      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.
    655 Minnesota Ave
    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.