Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Expressway 83, Unit 1 Harlingen, TX 78550

    Sponsored
    For Sale
    $1,700,000

    LAND - HARLINGEN, TX

    Lot size:
    2.12 Acres
    Days on Market:
    60
    Last Refresh:
    Feb 27 at 7:06 am

    Property Features for W Expressway 83

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.12 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Adela Capetillo

    eXp Realty, LLC (888) 519-7431

    Listing agent Adela Capetillo (956) 622-1307

    Listing date Dec 30, 2025

    MLS# 29765341

    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

    Harlingen Commercial Land For Sale

    This 2.12-acre commercial property is located directly off the frontage road in a rapidly growing commercial corridor of Harlingen. The property benefits from high traffic, excellent visibility, and accessibility, making it suitable for various commercial developments. It is situated among established national restaurants, with several new businesses currently under construction in the vicinity, positioning it to benefit from the area's continued growth. The property has approximately 393 feet of frontage on Expressway 83 and approximately 350 feet of depth. A 12-inch water line is located along the front of the property, and a 10-inch sewer line is adjacent to the west side. A natural gas line is also available, making it suitable for restaurant use. All city services are on site. The property is located in Flood Zone X. A current 20x100 portion with a sign will not pass with the sale, as the owner will retain ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6991661
    Latitude
    26.1719413

    Nearby Similar for Sale

    • $339,000
      4,473 SF

      Downtown Harlingen Commercial Building

      Centrally located building with courtyard, suitable for various businesses.
      1014 E Harrison Ave, Harlingen, TX 78550
      View Details
    • $340,000
      7,860 SF

      Versatile Corner Commercial Property

      7,608 SF commercial building suitable for various business uses.
      2102 N 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • $499,999
      1,904 SF

      Harlingen Car Wash For Sale

      Functional car wash on high-traffic Sunshine Strip, redevelopment potential.
      1515 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • $148,900
      1,250 SF

      Versatile Commercial Property in Harlingen, TX

      1,250 sqft warehouse suitable for auto repair, retail, or storage.
      1405 Barton Ave, Harlingen, TX 78550
      View Details
    • $410,000
      4,962 SF

      Harlingen Multifamily Investment Opportunity

      Treasure Hills multifamily property near Valley Baptist, great investment opportunity.
      2302 Treasure Hills Blvd, Harlingen, TX 78550
      View Details
    • $425,000
      3,320 SF

      Harlingen Fourplex: Investment Opportunity

      Fully occupied fourplex near Expressway 83 and Harlingen Airport.
      2021 Southridge Dr, Harlingen, TX 78552
      View Details
    • $399,900
      5,570 SF

      Mixed-Use Property in Harlingen, TX

      Warehouse, office, and apartment with income potential in Harlingen.
      1829 N 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • $400,000
      3.50 Acres

      Harlingen Commercial Land For Sale

      3.5 acres on Business Highway 83 with retail frontage.
      8469 W Business 83, Harlingen, TX 78555
      View Details
    • Contact for pricing
      5,910 SF

      Harlingen Office/Medical Space Available

      Remodeled office building with versatile space, ideal for various businesses.
      1121 East Austin Ave, Harlingen, TX 78550
      View Details
    • $2,050,000
      5,025 SF

      Retail Center on Sunshine Strip

      Leased retail center with national tenants on high-traffic corridor.
      1802 S 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • Contact for pricing
      101,308 SF

      Vista Valle Mall Anchor Space

      Exceptional 101,308 SF anchor space with high visibility.
      2000 Expressway 83 S, Harlingen, TX 78552
      View Details
    • $1,769,653
      12,480 SF

      New Development Dollar General Store

      New Texas Dollar General store with strong demographics.
      17719 Primera Rd, Harlingen, TX 78552
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.12 acres of commercial land in high-growth Harlingen corridor.
    Where is this commercial land located?
    The property is located at W Expressway 83, Unit 1 Harlingen, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - 2.12 acre commercial property in a high-growth commercial corridor.; - Excellent visibility and accessibility directly off the frontage road.; - Located on Expressway 83 with +\/- 393 feet of frontage.
    (956) 622-1307
    Request Owner's contact information
    W Expressway 83, Unit 1 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.
    W Expressway 83, Unit 1
    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
    W Expressway 83, Unit 1 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
    Adela Capetillo
    (956) 622-1307 (888) 519-7431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!