For Sale
Contact for pricing
744 E Washington St, Brownsville, TX 78520
Mixed-use properties
Property Size19,690 SF
Price / SF$198.07
Days on Market470
Property Features for 744 E Washington St
General Information
Standard status
Active
Size
19,690 SF
Property subtype
Mixed Use, Office, Retail, Special Purpose
Building Details
Year Built
1993
Listing Agency:
Cindy Hopkins Commercial Real Estate
(956) 778-3255
Listed By:
CYNTHIA HOPKINS · License #0508052
Source:
Crexi
Added: Apr 17, 2025
Changed: Jul 10
Last Checked: Jul 29 at 1:45PM
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
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $354.4k | $18.00 |
| − Vacancy | −$35.4k | −$1.80 |
| EGI | $319.0k | $16.20 |
| − OpEx | −$119.6k | −$6.07 |
| NOI | $199.4k | $10.13 |
19,690 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Apparel 39%
Dining 15%
Ross Dress for Less
Apparel
24,319 visits/mo
0.2 miles
Wells Fargo
Shops & Services
15,000 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,206 visits/mo
0.1 miles
Wingstop
Dining
5,432 visits/mo
0.4 miles
IBC Bank
Shops & Services
4,325 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
Market
Properties on Market for Mixed-use properties in Brownsville
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
