Ricardo Salazar REALTOR® · RCR Real Connect Realty
WhatsApp

Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)

Investor sheet · MLS# 29768174 · https://ricosalazar.com/properties/715-n-medford-ave-brownsville-tx-78521-29768174

For sale

$2,999,500

715 N Medford Ave., Brownsville, TX 78521

ft²
8,315
acres
10.15
No rent in the MLS: run cash flow with your own estimate Run the numbers →

MLS# 29768174 · Listed by Hortencia Villarreal, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727

  • TypeCommercial
  • Year built2009
  • Lot10.15 acres
  • Price / ft²$361
  • Port of Brownsville≈ 5 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

Unique Gem on 10+ Acres – Endless Possibilities! This one-of-a-kind property offers incredible flexibility and potential for a wide range of uses. Whether you're looking to open a medical facility, counseling center, nursery home, Airbnb, or a private resort, this versatile space is ready to bring your vision to life. Opportunity in Prime location. Airbnb Approved: All zoning requirements for short-term rental use have been approved by the county/city — you're ready to go! Property Highlights: Over 10 acres of land Large pool and entertainment area perfect for events, relaxation, or guest use Ideal for temporary lodging, corporate retreats, or group accommodations Excellent opportunity for employers seeking housing for large groups of personnel Quiet, spacious grounds with plenty of room for expansion or customization The possibilities are truly endless with this unique gem. Whether for business or pleasure, this property is a rare opportunity you won't want to miss!

Property details

Type
Commercial · Commercial
Status
For sale
MLS#
29768174
Price
$2,999,500
Price per ft²
$361
Building area
8,315 ft²
Lot size
10.15 acres
Year built
2009
Subdivision
El Jardin Resub
City
Brownsville
County
Cameron
Days on market
421
Listed
Sep 2, 2025
Last updated
Aug 4, 2026, 9:26 AM CT

Numbers for investors

Price per ft²

$361

Source: MLS listing

Days on market

421

Source: MLS listing

Est. fixed costs per month
$7,999/mo Est.
Cash to close with 25% down
$839,860 Est.

General information only, not legal, tax or financial advice. Ricardo Salazar is a licensed real estate agent, not an attorney, CPA or lender. Consult qualified professionals in the U.S. and Mexico.

Investment calculator · Estimates

What could it earn?

Purchase

List price per the MLS. Try your own offer.

25%

100% = cash purchase, no loan.

7%

Planning assumption, not a lender quote.

Loan term
Income
/mo

The MLS does not publish a rent for this property. Enter your own estimate or ask Ricardo for rent comps in the area.

8%

Share of the year the property sits empty.

Expenses
/yr

Estimated at 2.2% of the price per year. Verify it with the Cameron Appraisal District.

/yr

Estimated at 1% of the price per year; coastal wind coverage can cost more.

/mo

If the property has an HOA, enter the monthly dues.

5%

% of collected rent.

8%

% of collected rent, if you hire a manager.

3%

Buyer side: title, appraisal, lender fees (estimate).

How we calculate the cap rate, and how accurate it is

Cap rate = NOI ÷ price. NOI is the rent you would collect in a year, after vacancy, minus the costs of running the property. The loan is left out, so the cap rate measures the property as if you paid cash.

Gross rent, 12 months Not provided
—
Gross yield: rent ÷ price, before costs
—
minus Vacancy (8% of gross rent) Assumption
—
equals Rent collected
—
minus Property tax Estimate
$65,989
minus Insurance Estimate
$29,995
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
—
minus Management (8% of rent collected) Assumption
—
equals Net operating income (NOI)
—
divided by Price MLS listing
$2,999,500
equals Cap rate
—

Amounts are rounded to the dollar; the cap rate uses the exact figures.

Is it accurate?

It is an estimate, not a quote or a guaranteed return. It is only as good as its inputs:

  • Missing: the monthly rent. Enter it to get a cap rate.
  • MLS figures are what the listing reports. We have not verified them.
  • Listings in this MLS do not include property tax, so unless you enter your own figure we use 2.2% of the price a year. Look up the property’s value and taxing units at the Cameron Appraisal District (opens in a new tab); a rental does not get the homestead exemption.
  • If a listing advertises its own cap rate, it may leave out vacancy, management or other costs, which makes it look higher.
  • To confirm it, ask for the current lease or rent roll, last year’s tax bill (Cameron County Tax Assessor-Collector) and your own insurance quote from a Texas-licensed agent; coastal wind and flood coverage can cost much more. For a specific property, Ricardo can ask the listing agent for the lease, the tax bill and what the seller pays for insurance.

What it leaves out

  • The mortgage. Your loan shows up in cash flow and cash-on-cash, not in the cap rate.
  • Big repairs and replacements (roof, A/C, appliances) and savings set aside for them.
  • Utilities, lawn care or pest control, if the owner pays them.
  • Closing costs, leasing fees, income taxes in the U.S. or Mexico, and depreciation.

Location and drive times

715 N Medford Ave., Brownsville, TX 78521 Open in Google Maps (opens in a new tab)

  • Port of Brownsville≈ 5 min approx.
  • Veterans International Bridge at Los Tomates≈ 10 min approx.
  • UTRGV Brownsville campus≈ 10 min approx.
  • Gateway International Bridge≈ 15 min approx.
  • B&M International Bridge≈ 15 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 25 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 30 min approx.

Approximate car times computed from the map: city pace for the first 10 km, highway pace after that, and trips that would cross the ship channel go around it by the Port. They do not include traffic, bridge waits or launch-day road closures.

Schematic

Approximate positions; not a navigation map.

  1. Port of Brownsville
  2. SpaceX Starbase
  3. South Padre Island
  4. Brownsville
  5. Los Fresnos
  6. Rancho Viejo · Olmito

Base map data © OpenStreetMap

Buying from Mexico with a loan?

Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.

Message on WhatsApp Read the buying guide

Ask about this property

Ricardo Salazar

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

  • Español
  • English
Phone / WhatsApp
+1 (956) 592-5052
Website
https://ricosalazar.com/

Schedule a showing (in person or by video)

About: 715 N Medford Ave. · MLS# 29768174

Optional if you leave a WhatsApp or phone number.

No obligation

Commercial · Brownsville

Similar properties

See all in Brownsville

Listing office: Coldwell Banker La Mansion Real Estate Brownsville

Listing agent: Hortencia Villarreal

Office contact: 956-504-2727

MLS# 29768174 · Last updated

Want a second opinion on this one?

Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.

Message on WhatsApp Write to Ricardo
$2,999,500Est. cost $22,965/mo

1 / 77

715 N Medford Ave., Brownsville, TX 78521 · MLS# 29768174