Last 24 Hours
$3,400,000
120-124 N Highland Ave, Marfa, TX, 79843
On Market
Commercial
— Beds
— Bath
11,520 Sq Ft
Business
$295.14 / sqft
Built in 1914Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size3,354 sqft
Building Information
Year Built1914
Land Information
APN131000000150012000000
Lot Number12-16
Land UseCommercial
Legal Description15, MARFA N PT OF LOTS 12-16
Census Tract950100
Assessed Land Value$48,600
Assessed Improvement Value$494,010
Assessment Year2025
About this property
2 Historic Buildings in the downtown Marfa core being offered as an assemblage. 1914 Masonic Lodge 2 stories with finished basement 18' ceilings houses Garza Marfa retail on the ground floor with finished basement, 2 separate loft apartments on 2nd Floor were converted in 2022. West Texas Utilities Building currently housing 2 retail mainstays of Marfa with over 12,000 square ft of retail and living space in downtown, an unmissable opportunity for investors CoListed Nadia Black The Fridman group
Investor Tools
$0Estimated Mortgage Balance
$542,610Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,400 /month
Positive
Cash Flow Estimate:
$6,800 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,110/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,605
$542,610
2025
$48,600
$494,010
$542,610
No
Tax History
Year
Tax Paid
Assessed Value
2025
$10,605
$542,610
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$542,610
100%
0%
$0/mo
12.4%