Last 24 Hours
$507,420
NAL Estimated Property Value220 N Highland Ave, Marfa, TX, 79843
$659,646 ARV
Off Market
Commercial
— Beds
— Bath
7,200 Sq Ft
$111.11 / sqft
Built in 1937Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size4,487 sqft
Building Information
Year Built1920
Land Information
APN131000000100012000000
Lot Number12-16
SubdivisionMarfa
Land UseCommercial
Legal Description10, MARFA S 45' OF LOTS 12-16
Census Tract950100
Assessed Land Value$64,800
Assessed Improvement Value$442,620
Assessment Year2025
About this property
Own a piece of history without the yoke of Historical Preservation. The Palace Theater across from Marfa's Presidio Courthouse and a beacon of Deco design re-opening after a devastating fire in 1937 after it's first incarnation as the Marfa Opera House in 1905. The Palace's most recent form has been as a family home and working artist studio for the past 34 years with 2, 2 Bedroom / 1 Bathroom apartments in the former mezzanine of the Theater.
Investor Tools
$507,420
Estimated Property Value
$0Estimated Mortgage Balance
$507,420Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$659,646
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,038/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,917
$507,420
2025
$64,800
$442,620
$507,420
No
Tax History
Year
Tax Paid
Assessed Value
2025
$9,917
$507,420
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$507,420
100%
0%
$0/mo
12.4%