Freestanding
New
For Sale
$5,000,000
3471 Old Highway 77, Brownsville, TX 78520
A standalone theater property in Brownsville is positioned near Lowe’s and the city’s retail corridor.
Property Size25,902 SF
Price / SF$193.04
Days on Market4
Property Features for 3471 Old Highway 77
General Information
Standard status
Active
Size
25,902 SF
Total Parking Spaces
50
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$47,237
Building Details
Building Size
25,902 SF
Year Built
1990
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
Listed By:
Daniel Galvan · License #582851
(956) 451-2983
Source:
Gdvrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Rio Grande Valley
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1990, this freestanding theater contains 25,902 square feet. The property is at 3471 Old Highway 77 in Brownsville, near the junction of Ruben M. Torres Boulevard and IH-69.
Lowe’s is adjacent to the site, which lies within the city’s main retail corridor.
Lowe’s is adjacent to the site, which lies within the city’s main retail corridor.
Key Highlights
- 25,902‑square‑foot freestanding theater
- Built in 1990
- At 3471 Old Highway 77 in Brownsville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,471
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,929,420
$4.9M
Cap Rate 7%
$3,521,014
$3.5M
Cap Rate 9%
$2,738,567
$2.7M
Market Conditions
NOI Build-Up for 25,902 SF
Gross rent
$373.0K $14.40/SF
− Vacancy
−$20.9K −$0.81/SF
EGI
$352.1K $13.59/SF
− OpEx
−$105.6K −$4.08/SF
NOI
$246.5K $9.52/SF
Area
Brownsville, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,929,420
Cap Rate 7%
$3,521,014
Cap Rate 9%
$2,738,567
Alternative Uses
Best Use
Retail
$3.52M
$3.08M – $4.11M
NOI $246,471 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.46M
$3.90M – $5.20M
NOI $312,192 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
587k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Apparel 35%
Shops & Services 8%
Home Improvements & Furnishings 6%
Dillard's
Apparel
80,990 visits/mo
0.4 miles
JCPenney
Apparel
59,667 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
56,410 visits/mo
0.3 miles
Bubba's 33
Dining
43,280 visits/mo
0.2 miles
McDonald's
Dining
33,950 visits/mo
0.2 miles
Demographics for 78520, TX
64,949
Population
22,543
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
69%
High-School Grad
39.7 sq mi
ZIP Area
1,636
Density / Sq Mi
$47,331
Median Household Income
$27,529
Median Earnings
$842
Median Rent
$129,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Theater & concert hall - A standalone theater property in Brownsville is positioned near Lowe’s and the city’s retail corridor.
Where is this theater & concert hall located?
The property is located at 3471 Old Highway 77 Brownsville, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 25,902‑square‑foot freestanding theater; Built in 1990; At 3471 Old Highway 77 in Brownsville
