Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 N 77 Sunshine Strip Harlingen, TX 78550

    Sponsored
    For Lease
    $4,000 /Mo ($1.65 SF/Yr)

    Commercial Lease - HARLINGEN, TX

    Property size:
    4,000 SF
    Lot size:
    0.67 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 5 at 9:06 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
    Architectural style
    Other

    We can help!

    Listing Contact
    MARCUS PHIPPS

    Harlingen Homes (956) 423-5300

    Listing agent MARCUS PHIPPS (956) 423-5300

    Listing date Jan 28, 2026

    MLS# 29771695 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Automotive Repair Shop For Lease

    This 4,000 square foot warehouse, currently operating as Doug's Automotive Repair Shop, is available for lease. The lease includes the use of 3 lifts, benches, racks, parts washer, brake grinder, oil tank, office furnishings, and more. The property has space inside for 6 or more cars at a time, and plenty of fenced-in parking. It is drive-thru capable with two 14x14 overhead doors and a third 12x12 overhead door. The clear height is 14 feet. Situated on a 0.6665-acre lot in Harlingen, Texas, the property is suitable for automotive repair and other automotive-related businesses. 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
    -97.693655
    Latitude
    26.20685

    Nearby Similar for Lease

    • New
      $6,000 /Mo
      4,294 SF

      Harlingen Commercial Space For Lease

      Retail or office space in high-traffic Harlingen location.
      4319 Expy, Harlingen, TX 78550
      View Details
    • $12 SF/Yr
      2,200 SF

      Restaurant Suite in Central Location

      Restaurant suite with dining room, kitchen, and grease trap.
      1514 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • New
      $1,000 /Mo
      960 SF

      Remodeled Retail Shop for Lease

      Remodeled retail shop suitable for various businesses in Harlingen, TX.
      301 Rangerville Rd, Harlingen, TX 78552
      View Details
    • $1,200 /Mo
      1,190 SF

      Harlingen Office Space For Rent

      1,190 sq ft office space off expressway in Harlingen.
      2312 S Expressway 83, Harlingen, TX 78552
      View Details
    • $599 /Mo
      61,864 SF

      Harlingen Warehouse and Storage Units

      Affordable warehouse and storage units with flexible lease terms.
      1920-2020 Loop 499 N, Harlingen, TX 78550
      View Details
    • $3,155 /Mo
      21,344 SF

      Versatile Warehouse in Harlingen Industrial Park

      5,000 SF warehouse suitable for various businesses in Harlingen.
      6201 Fm 106, Harlingen, TX 78550
      View Details
    • $2,500 /Mo
      4,000 SF

      Versatile Commercial Space with Renovation Credit

      Spacious commercial space suitable for various businesses with renovation credit.
      204 Jackson Ave, Harlingen, TX 78550
      View Details
    • $2,600 /Mo
      2,000 SF

      Harlingen Office Space For Lease

      Professional office space available for lease in Harlingen, Texas.
      1713 E Tyler Ave, Harlingen, TX 78550
      View Details
    • $1,300 /Mo
      7,000 SF

      Downtown Harlingen Office Space Available

      Move-in ready office suites in downtown Harlingen, Texas.
      302 E Jackson Ave, Harlingen, TX 78550
      View Details
    • $12 SF/Yr
      1,400 SF

      Harlingen Commercial Suites Available

      Suites available for lease, suitable for medical, retail, or office.
      1514 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • $12 SF/Yr
      1,514 SF

      Harlingen Commercial Space For Lease

      Versatile commercial space near Expressway 77 and medical centers.
      1514 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • $12 SF/Yr
      1,000 SF

      Harlingen Commercial Space For Lease

      Suites available for medical, sales, retail, or office use.
      1514 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details

    FAQs

    What type of property is this?
    Auto shop - 4,000 SF automotive repair shop with equipment and fenced parking.
    Where is this auto shop located?
    The property is located at 1501 N 77 Sunshine Strip Harlingen, TX.
    What is the lease rate?
    The lease rate is $1.65 SF/Yr.
    What are key features of this property?
    This property features: - Operating automotive repair shop with included equipment (3 lifts, benches, racks, parts washer, brake grinder, oil tank, office furnishings).; - **4,000 sq ft warehouse with space for 6+ cars inside.**; - Drive-thru capable with two 14' x 14' overhead doors and one 12' x 12' overhead door.
    (956) 423-5300
    Request Owner's contact information
    1501 N 77 Sunshine Strip Harlingen, TX 78550
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 N 77 Sunshine Strip
    Harlingen, TX 78550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    MARCUS PHIPPS
    (956) 423-5300
    Learn more
    Google sign-in failed. Please try again or use another login method.