Medical Office and Care
For Sale
$769,000
1100 W TYLER AVE., Harlingen, TX 78550
COMMERCIAL - HARLINGEN, TX
Property Size5,161 SF
Lot Size0.48 Acres
Price / SF$149
Days on Market211
Property Features for 1100 W TYLER AVE.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
BOGGUS
Standard status
Active
Size
5,161 SF
Lot size
0.48 Acres
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
Sapphire Prime Realty
(956) 266-4919
Listed By:
Liz Givens
(956) 266-4919
Added: Jan 14
Changed: Aug 4
Last Checked: Aug 13 at 7:06AM
MLS# 29771306
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.
Investment Insights
Based on property information with market context.
This spacious, turn-key building previously operated as a doctor’s office and is set up for a range of healthcare and care uses. Interior features include a large waiting area with reception, six patient rooms, one procedure room, two lab rooms, and two additional waiting rooms. The layout also includes six bathrooms, six storage rooms, a manager’s office, and a doctor’s office with a full bath and lounge. A mix of patient-facing and staff/work rooms supports both clinical workflows and administrative needs.
The property is a 0.48-acre site improved with a 5,161-square-foot facility at 1100 W Tyler Ave., Harlingen, TX 78550, in Cameron County. The offering is specifically described as ready for occupancy for an operator looking for a comprehensive interior buildout rather than a blank-shell configuration.
For buyers or operators, the room count and specialized spaces are geared toward uses such as a rehab center, home health center, or daycare, as reflected in the property’s existing patient rooms, procedure and lab rooms, and multiple waiting areas. The presence of numerous bathrooms and storage rooms can help support daily operations and patient volume within a single location.
The property is a 0.48-acre site improved with a 5,161-square-foot facility at 1100 W Tyler Ave., Harlingen, TX 78550, in Cameron County. The offering is specifically described as ready for occupancy for an operator looking for a comprehensive interior buildout rather than a blank-shell configuration.
For buyers or operators, the room count and specialized spaces are geared toward uses such as a rehab center, home health center, or daycare, as reflected in the property’s existing patient rooms, procedure and lab rooms, and multiple waiting areas. The presence of numerous bathrooms and storage rooms can help support daily operations and patient volume within a single location.
Key Highlights
- Built in 1993
- Previously a doctor's office with large waiting and reception area
- Includes 6 patient rooms and 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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,111
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key healthcare-oriented building with multiple exam, procedure, and patient-ready rooms.
Where is this medical office space located?
The property is located at 1100 W 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: Built in 1993; Previously a doctor's office with large waiting and reception area; Includes 6 patient rooms and 1 procedure room
