5636 Southmost Rd Brownsville, TX 78521-6389
- Commercial real estate
- 7,290 SF
- 1.07 lot acres
Current Use by Public Records
- Unforgettable Cutz / Barber Shop
- Lupitas Beauty Works / Spa & Massage Center
- Workforce Solutions / Employment Agency
- Alphabet Playhouse Too Early Childhood Center LLC / Training Center / Tutoring Service
- Aguayo Albert / Physician
Property Details for 5636 Southmost Rd
- Year built
- 2006
- Lot size
- 1.07 lot acres
- Property size
- 7,290 SF
- Zone code
- A-C
- Property type
- Commercial real estate
- APN
- 74-9353-0010-0050-00
- APU
- 7493530010005000
Description
Plaza Clarissa, a 7,200 square foot, single-story retail building, presents a compelling investment opportunity in Brownsville, Texas. Located at 5636 Southmost Rd, in the heart of the historic Southmost neighborhood, this property benefits from its position along the primary retail corridor serving a densely populated residential area. The 1.07-acre lot features 40 parking spaces, accommodating customers and tenants alike. Built in 2008, the building currently houses seven tenants, offering a diverse mix of local businesses, with a current occupancy rate of 55%. Notable tenants include a well-reviewed barbershop, a four-year-old established childcare center, and a recently opened beauty salon offering a range of services. This NNN-leased, multi-tenant property is situated within the Brownsville-Harlingen Metropolitan Statistical Area (MSA), a growing market with approximately 500,000 residents. Brownsville itself boasts a population of 250,000 and is experiencing significant growth, fueled by developments such as the SpaceX launch facility and the future Rio Grande LNG project. The property's strategic location and established tenant base make it an attractive investment for those seeking exposure to this thriving Texas market. The sale is offered as a For Sale By Owner transaction.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,230,000
- 6.5%
- $1,135,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $957,000
Market price range: $440k - $1.76M
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Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.4367
- Latitude
- 25.8864
- CBSA code
- 15180
- CBSA name
- BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA