Turnkey Medical Office
For Sale
$769,000
1100 TYLER AVE., Harlingen, TX 78550
Turnkey medical office layout with multiple patient rooms, procedure room, waiting/reception areas, and lab rooms.
Property Size5,161 SF
Price / SF$149
Days on Market208
Property Features for 1100 TYLER AVE.
General Information
Standard status
Active
Size
5,161 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1993
Stories
1
Listing Agency:
Sapphire Prime Realty
(956) 266-4919
Listed By:
Liz Givens
(956) 266-4919
Source:
Xome
Added: Jan 12
Changed: Aug 7
Last Checked: Aug 8 at 3:43AM
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 Sapphire Prime Realty
Investment Insights
Based on property information with market context.
This turnkey medical office building was previously used as a doctor’s office and is laid out to support a variety of healthcare-adjacent uses. The interior includes a large waiting room with a reception area, six patient rooms, one procedure room, and two lab rooms. Additional spaces include two waiting rooms, six bathrooms, six storage rooms, a managers office, and a doctor’s office with a full bath and lounge.
The building is offered for sale and is positioned as a flexible option for organizations looking to operate with an existing room configuration and ready-to-use setup.
With multiple exam and support spaces, the property provides a practical internal footprint for clinical workflows, patient intake and care, and on-site storage.
The building is offered for sale and is positioned as a flexible option for organizations looking to operate with an existing room configuration and ready-to-use setup.
With multiple exam and support spaces, the property provides a practical internal footprint for clinical workflows, patient intake and care, and on-site storage.
Key Highlights
- Turnkey medical office layout previously used as a doctor’s office
- Includes large waiting room with reception area and 2 additional waiting rooms
- Patient care spaces include 6 patient rooms plus 1 procedure room
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
$62,205
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
8.09%
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%
$1,244,100
$1.2M
Cap Rate 7%
$888,643
$888.6K
Cap Rate 9%
$691,167
$691.2K
Market Conditions
NOI Build-Up for 5,161 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
$111.5K $21.60/SF
− Vacancy
−$7.8K −$1.51/SF
EGI
$103.7K $20.09/SF
− OpEx
−$41.5K −$8.04/SF
NOI
$62.2K $12.05/SF
Area
Cameron County, TX
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,244,100
Cap Rate 7%
$888,643
Cap Rate 9%
$691,167
Alternative Uses
Best Use
Healthcare Medical
$888.6K
$777.6K – $1.04M
NOI $62,205 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$676.8K
$592.2K – $789.6K
NOI $47,378 @ 7.0% cap · market cap 6.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office layout with multiple patient rooms, procedure room, waiting/reception areas, and lab rooms.
Where is this medical office space located?
The property is located at 1100 TYLER AVE. Harlingen, TX.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Turnkey medical office layout previously used as a doctor’s office; Includes large waiting room with reception area and 2 additional waiting rooms; Patient care spaces include 6 patient rooms plus 1 procedure room
