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$800,000

NAL Estimated Property Value

220 N Highland Street, Out of Service Area, 99999

Off MarketInfo
CommercialInfo

About this property

Own a piece of history without the yoke of Historical Preservation. The Palace Theater in the heart of downtown Marfa, across from the Presidio Courthouse and a beacon of Deco design re-opening in 1937. 7200 sq ft of space 2 floors. The Palace's most recent iteration 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. A true Texas treasure.

Investor Tools

Property Icon
$800,000
Estimated Property Value
$0Estimated Mortgage Balance
$800,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Out of Service Area

220 N Highland Street | Property Details | No Agent List