Warehouse Building with Renewed
For Sale
$450,000
125 N G ST., Harlingen, TX 78551
Commercial Sale, HARLINGEN, TX
Property Size7,500 SF
Lot Size0.36 Acres
Price / SF$60
Days on Market36
Property Features for 125 N G ST.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
SURVEY 24
Standard status
Active
Size
7,500 SF
Lot size
0.36 Acres
Building Details
Year built
1955
Floors in Building
1
Listing Agency:
MARCUS PHIPPS REAL ESTATE, LLC
(956) 423-5300
Listed By:
PAULINE ZUROVEC · License #568880
(956) 793-9993
Added: Jul 31
Changed: Aug 19
Last Checked: Sep 4 at 12:06AM
MLS# 29778362
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property contains 7,500 square feet on a 0.36-acre parcel. The building was constructed in 1955 and has been occupied since 1995. A new five-year renewal has been signed, providing an established occupancy history for the property.
The asset is located at 125 N G St. in Harlingen, Texas 78551, within Cameron County.
The asset is located at 125 N G St. in Harlingen, Texas 78551, within Cameron County.
Key Highlights
- 7,500‑square‑foot warehouse property
- Situated on a 0.36‑acre parcel
- Building constructed in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,088
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,760
$701.8K
Cap Rate 7%
$501,257
$501.3K
Cap Rate 9%
$389,867
$389.9K
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$53.1K $7.08/SF
− Vacancy
−$3.0K −$0.40/SF
EGI
$50.1K $6.68/SF
− OpEx
−$15.0K −$2.01/SF
NOI
$35.1K $4.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,760
Cap Rate 7%
$501,257
Cap Rate 9%
$389,867
Alternative Uses
Best Use
Warehouse
$608.7K
$532.6K – $710.1K
NOI $42,607 @ 7.0% cap · market cap 9.47%
Second Best
Industrial
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 7.80%
Theoretical Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,396 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Existing occupancy dates to 1995, with a newly signed five-year renewal.
Where is this warehouse located?
The property is located at 125 N G ST. Harlingen, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 7,500‑square‑foot warehouse property; Situated on a 0.36‑acre parcel; Building constructed in 1955
