Property profile

601 Vermillion Ave Brownsville, TX 78521

OFF-MARKET
Industrial properties
Property ID
US82-3708857
65,044 SF 10.99 ac lot Built 1987
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Class A industrial warehouse, totaling 33,430 square feet, presents a unique opportunity in Brownsville, Texas. Situated on a 10-acre site within the Foreign Trade Zone at Brownsville's Airport, this single-story building offers significant advantages for businesses seeking efficient storage and distribution. Built in 1982 and renovated in 2016, the property boasts a 20-foot ceiling height, 24 loading docks, and 42 dock-high doors, facilitating seamless operations. The expansive space features 40'x50' column spacing and 48" dock height, along with reinforced concrete driveways and a full interior sprinkler system. Two concrete ramps provide direct vehicle access, complemented by cross-bay loading facilities with 25 overhead doors. A fenced 5-acre warehouse yard offers parking for 88 trailers, secured by a separate guard station with controlled access. The property's strategic location offers proximity to key transportation arteries, including the Port of Brownsville (3.9 miles), Brownsville International Airport (0.3 miles), Gateway International Bridge (6.6 miles), Veterans International Bridge (7.0 miles), Interstate 77/83 (5.4 miles), and FM 511 (1.5 miles). The building is designed for easy conversion to a full manufacturing facility within 60 days. The Foreign Trade Zone status provides significant tax benefits, exempting merchandise stored in accordance with FTZ regulations from U.S. duties and tariffs. With a total of 28 parking spaces available, this property is ideally suited for businesses requiring substantial warehouse space and convenient access to major transportation networks. The maximum contiguous square footage available is 65,964 square feet.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1987
Total area 65,044 SF
Lot 10.99 ac (478,768 SF)
Zoning code SD6
APN 74-7540-2070-0060-00
UPID US82-3708857

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

601 Vermillion Ave Brownsville, TX 78521-6851
Brownsville metro Census 980100 BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.03M

Owner & transaction history

Zoning & alternative use

SD6 · Brownsville, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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