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    744 E Washington St, Brownsville, TX 78520

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    Mixed-use properties

    Type:Mixed Use, Office, Retail, Special Purpose
    Property size:
    19,690 SF
    Price / SF:
    $198/SF
    Added:
    Apr 17, 2025
    Days on Market:
    424
    Last Refresh:
    May 12 at 11:30 pm

    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

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    Listing Contact
    CYNTHIA HOPKINS

    Listing agent CYNTHIA HOPKINS License #0508052

    Listing office Cindy Hopkins Commercial Real Estate

    Listing date Apr 17, 2025

    Source Crexi

    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

    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.
    • Proximity to Cameron County Courthouse, City of Brownsville, UTRGV, and Entertainment Districts.
    • Rear loading dock, elevator, second floor storage, and covered parking.
    • Spaces can be subdivided to a maximum 90' depth with ceiling height exceeding 18'.

    Local 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 (±1% cap)
    NOI $199,361 @ 7.0% cap · market cap 5.11%
    Second Best
    Retail
    $2.68M
    $2.34M – $3.12M (±1% cap)
    NOI $187,361 @ 7.0% cap · market cap 4.80%
    Theoretical Best
    Healthcare Medical
    $3.39M
    $2.97M – $3.96M (±1% cap)
    NOI $237,320 @ 7.0% cap · market cap 6.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Call Appliance ... Home Appliance Store Parra Loan Company Loan Service Urban Signature Appliances (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.512273
    Latitude
    25.915654

    FAQs

    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.
    More about this property
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