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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    591 Central Ave Brownsville, TX 78521-5535

    • Commercial real estate
    • 4,417 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Jun 08, 2021
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3407329
    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

    • Alpha Brownsville / High School

    Property Details for 591 Central Ave

    Year built
    2013
    Lot size
    0.38 lot acres
    Property size
    4,417 SF
    Property type
    Commercial real estate
    APN
    02-7910-0470-0401-00
    APU
    279100470040100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $703,000
      Market price range: $266k - $1.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4472
    Latitude
    25.9231
    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
    $11,328
    $83,417
    $406,002
    $489,419
    -
    $83,417
    $406,002
    $489,419

    Comparable in this City

    • Value Estimation by Request

      Price Rd

      Land
      0 Price Rd, Brownsville, TX 78521
      View Details
    • Value Estimation by Request

      7501 Padre Island Hwy

      Restaurants
      7501 Padre Island Hwy, Brownsville, TX 78521
      View Details
    • Value Estimation
      $520,000
      11.20 Acres

      2380 Pablo Kisel

      COMMERCIAL (GENERAL) • 11.20 Acres
      2380 Pablo Kisel, Brownsville, TX 78521
      View Details
    • Value Estimation by Request
      0.09 Acres

      6224 Padre Is Hwy

      COMMERCIAL (GENERAL) • 0.09 Acres
      6224 Padre Is Hwy, Brownsville, TX 78521-5211
      View Details
    • Value Estimation by Request
      0.09 Acres

      153 Paredes Line Rd

      COMMERCIAL (GENERAL) • 0.09 Acres
      153 Paredes Line Rd, Brownsville, TX 78521-2243
      View Details
    • Value Estimation by Request
      9.80 Acres

      180 Price Rd

      COMMERCIAL (GENERAL) • 9.80 Acres
      180 Price Rd, Brownsville, TX 78521-3528
      View Details

    Similar Nearby for Sale

    • $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
    • $1,750,000
      3.72 Acres

      Southmost Road Commercial Land

      3.72 Acres, High-Traffic Location
      3401 Southmost Rd, Brownsville, TX 78521
      View Details
    • $579,900

      Kings Hwy Plaza: Brownsville Investment

      High-income potential, multi-use plaza.
      325 Kings Hwy, Brownsville, TX 78521
      View Details
    • $660,000
      1.53 Acres

      Brownsville Commercial Land - 1.53 Acres

      Prime Brownsville corner lot, ideal for development.
      4835 Boca Chica Blvd, 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

    Similar Nearby for Lease

    • Contact for pricing

      Brownsville Commercial Space For Sale

      Prime Brownsville location, versatile commercial space.
      3724 Boca Chica Blvd, Brownsville, TX 78521
      View Details
    • Contact for pricing
      173,421 SF

      Brownsville Retail Center Investment

      High-visibility, multi-tenant retail center
      1601 Price Rd, Brownsville, TX 78521
      View Details
    • Contact for pricing

      Prime Cameron County Warehouse

      Spacious warehouse with attached office.
      6975 Paredes Line Rd, Brownsville, TX 78521
      View Details
    • $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
    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.
    591 Central Ave
    Brownsville, TX 78521-5535
    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.