Open-Concept Retail
New
For Sale
Contact for pricing
1007 W Harrison Avenue, Harlingen, TX 78550
An adaptable floor plan is complemented by street-side parking and a separate adjacent lot.
Property Size2,000 SF
Price / SF$1.61
Days on Market2
Property Features for 1007 W Harrison Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Building Details
Year Built
1928
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot retail space features an open interior that can be arranged to suit a tenant’s operational requirements. The building dates to 1928 and has been renovated.
Parking is available along the street frontage, with an additional lot next to the property for customers and employees.
Parking is available along the street frontage, with an additional lot next to the property for customers and employees.
Key Highlights
- 2,000‑square‑foot retail space
- Open‑concept interior layout
- Renovated building originally built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,031
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,620
$380.6K
Cap Rate 7%
$271,871
$271.9K
Cap Rate 9%
$211,456
$211.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.8K $14.40/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$27.2K $13.59/SF
− OpEx
−$8.2K −$4.08/SF
NOI
$19.0K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,620
Cap Rate 7%
$271,871
Cap Rate 9%
$211,456
Alternative Uses
Best Use
Retail
$271.9K
$237.9K – $317.2K
NOI $19,031 @ 7.0% cap · market cap 591.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 748.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 32%
Groceries 10%
Golden Corral
Dining
18,621 visits/mo
0.4 miles
La Michoacana Meat Market
Groceries
15,469 visits/mo
0.1 miles
Jack in the Box
Dining
15,299 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
13,093 visits/mo
0.4 miles
Applebee's
Dining
12,391 visits/mo
0.4 miles
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable floor plan is complemented by street-side parking and a separate adjacent lot.
Where is this retail space located?
The property is located at 1007 W Harrison Avenue Harlingen, TX.
What are key features of this property?
This property features: 2,000‑square‑foot retail space; Open‑concept interior layout; Renovated building originally built in 1928
