For Sale
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744 E Washington St, Brownsville, TX 78520
Mixed-use properties
Property Size19,690 SF
Price / SF$198.07
Days on Market561
Property Features for 744 E Washington St
General Information
Standard status
Active
Size
19,690 SF
Class
B
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1993
Buildings
1
Stories
2
Units
1
Listing Agency:
Cindy Hopkins Commercial Real Estate
Listed By:
CYNTHIA HOPKINS · License #0508052
(956) 325-3255
Source:
Crexi
Added: Apr 17, 2025
Changed: Oct 26
Last Checked: Oct 28 at 6:34AM
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 Cindy Hopkins Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Located in the heart of Brownsville's evolving Downtown District.
- Up to 19,000 SF available for lease.
- All glass fronts provide outstanding street presence.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,361
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,987,220
$4.0M
Cap Rate 7%
$2,848,014
$2.8M
Cap Rate 9%
$2,215,122
$2.2M
Market Conditions
NOI Build-Up for 19,690 SF
Gross rent
$354.4K $18.00/SF
− Vacancy
−$35.4K −$1.80/SF
EGI
$319.0K $16.20/SF
− OpEx
−$119.6K −$6.07/SF
NOI
$199.4K $10.13/SF
Area
Brownsville, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,987,220
Cap Rate 7%
$2,848,014
Cap Rate 9%
$2,215,122
Alternative Uses
Best Use
Mixed Use
$2.85M
$2.49M – $3.32M
NOI $199,361 @ 7.0% cap · market cap 5.11%
Second Best
Retail
$2.68M
$2.34M – $3.12M
NOI $187,361 @ 7.0% cap · market cap 4.80%
Theoretical Best
Healthcare Medical
$3.39M
$2.97M – $3.96M
NOI $237,320 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 35%
Dining 9%
La Michoacana Meat Market
Groceries
15,766 visits/mo
0.1 miles
Exxon
Shops & Services
9,816 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,716 visits/mo
0.2 miles
Church's Chicken
Dining
3,954 visits/mo
0.2 miles
AutoZone
Shops & Services
3,108 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 744 E Washington St Brownsville, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Located in the heart of Brownsville's evolving Downtown District.; Up to 19,000 SF available for lease.; All glass fronts provide outstanding street presence.
