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    1501 N 77 Sunshine Strip Harlingen, TX 78550

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    COMMERCIAL - HARLINGEN, TX

    Property size:
    4,000 SF
    Lot size:
    0.67 Acres
    Days on Market:
    40
    Last Refresh:
    Mar 25 at 1:06 pm

    Property Features for 1501 N 77 Sunshine Strip

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.67 Acres

    Building Details

    Year built
    1999
    Floors in Building
    1

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    Listing Contact
    MARCUS PHIPPS
    MARCUS PHIPPS

    Harlingen Homes

    Listing agent MARCUS PHIPPS

    Listing date Feb 13, 2026

    MLS# 29771695

    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.

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    Property Insight Report

    Overview

    Harlingen Commercial Shop/Warehouse/Automotive Space

    This commercial building in Harlingen, Texas, is suitable for a shop, warehouse for equipment, or retail sales. The 4,000-square-foot building, constructed in 1999, is currently an automotive shop and features drive-thru capability. It includes three large overhead doors: two measuring 14 feet wide by 14 feet high and one measuring 12 feet by 12 feet high. The shop area measures 50 feet by 80 feet, with an office space of 10 feet by 12 feet. The property offers parking for 20+ vehicles and a fenced yard on three sides, with the possibility of complete closure for added privacy. Miscellaneous items are available for the tenant's use, if needed, including three lifts (two 9000 lb - 4-1/2 ton and one large full auto lift), office furnishings, wall benches, a parts washer, brake grinder, oil tank, and racks. These items will remain with the shop lease for use by the tenant, if needed. The property is situated on a 0.6665-acre lot. The current tenant is scheduled to vacate by May 31, 2026, but may be able to vacate sooner if requested.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Doug's Automotive Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    B & B Instrument Repair, RPM Harlingen Truck Repair, Auto Upholstery, Raymond's Automatic Transmission Service, Valu Auto Sales & Service

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6933143
    Latitude
    26.2063859

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    FAQs

    What type of property is this?
    Auto shop - Move-in-ready shop/warehouse/automotive space with drive-thru capability.
    Where is this auto shop located?
    The property is located at 1501 N 77 Sunshine Strip Harlingen, TX.
    What are key features of this property?
    This property features: - Move-in ready 4,000 s.f. shop/warehouse/automotive building.; - **Drive-thru capability.**; - Three large overhead doors: two 14' x 14' and one 12' x 12'.
    (956) 793-2355
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    1501 N 77 Sunshine Strip Harlingen, TX 78550
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    Harlingen, TX 78550
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 N 77 Sunshine Strip Harlingen, TX 78550
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    Listing Contact
    MARCUS PHIPPS
    MARCUS PHIPPS
    Real Estate License ID: 0450735
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