Add Listing
    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

    1106 S Expy 83 Harlingen, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8,056 SF freestanding retail building with highway visibility.

    Type:RETAIL
    Property size:
    8,056 SF
    Lot size:
    0.80 Acres
    Added:
    Apr 3, 2023
    Days on Market:
    1118
    Last Refresh:
    Apr 5 at 11:08 pm

    Property Features for 1106 S Expy 83

    General Information

    Standard status
    Active
    Size
    8,056 SF
    Lot size
    0.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1106 S Expy 83 Contact us

    We can help!

    Listing Contact
    Lynann Pinkham
    Lynann Pinkham

    Listing agent Lynann Pinkham License #319336

    Listing office Cravey Real Estate Services, Inc.

    Listing date Apr 3, 2023

    Source Moodyscre

    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 Cravey Real Estate Services, Inc.

    Overview

    Freestanding Retail Building For Lease

    This 8,056 square foot freestanding building is available for lease. The property fronts a Wal-Mart Supercenter and offers excellent visibility to Highway 83. Freeway pylon signage is available. Some restrictions apply to the lease. The tenant will be responsible for maintaining the grounds, lighting, and parking lot, and will reimburse real estate taxes to the landlord. The leaseholder will carry liability and Fire & Extended Coverage (F&EC) insurance and will name the landlord as an additional insured. Tenant finish allowance is negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.713
    Latitude
    26.1823

    Nearby Similar for Lease

    • $1,200/Mo

      Harlingen Office Space For Rent

      1,190 sq ft office space off expressway in Harlingen.
      2312 S Expressway 83, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Harlingen Commercial Rental Opportunity

      Prime commercial space in high-traffic Harlingen location.
      918 N 77 SUNSHINE STRIP unit: 2, HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Harlingen Commercial Building For Lease

      3,473 SF commercial building suitable for various businesses.
      17745 W EXPRESSWAY 83, HARLINGEN, TX 78555
      View Details
    • Contact for pricing

      Harlingen Commercial Shop/Warehouse/Automotive Space

      Move-in-ready shop/warehouse/automotive space with drive-thru capability.
      1501 N 77 SUNSHINE STRIP, HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Harlingen Commercial Building For Rent

      9,180 SF commercial building available for rent in Harlingen.
      3809 W BUSINESS 83 lot: 1, Blk 1, HARLINGEN, TX 78552
      View Details
    • Contact for pricing

      Harlingen Office Space Available

      Office space featuring reception, conference room, and ADA restrooms.
      1720 E HARRISON AVE. unit: B (1,600 Sf), HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Harlingen Office Space Available

      Office space for rent in Harlingen, Texas.
      1720 E HARRISON AVE. unit: A-1, HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Established Office Building in Harlingen

      Well-maintained office building with various suite sizes in downtown Harlingen.
      302 E JACKSON AVE. unit: 202-203, HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Harlingen Office Space Available

      Office space for rent in Harlingen, Texas.
      1720 E HARRISON AVE. unit: A-2, HARLINGEN, TX 78550
      View Details
    • $25 SF/Yr

      Upscale Retail Space Available

      Retail space in upscale plaza with national co-tenants.
      1802 S 77 Sunshine Strip, Suite 200, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Spacious commercial lease in a prime location.
      204 JACKSON AVE., HARLINGEN, TX 78550
      View Details
    • Contact for pricing

      Harlingen Office Space For Lease

      Professional office space available for lease in Harlingen, Texas.
      1713 E TYLER AVE. unit: Suite C (2,000), HARLINGEN, TX 78550
      View Details

    FAQs

    What type of property is this?
    Retail space - 8,056 SF freestanding retail building with highway visibility.
    Where is this retail space located?
    The property is located at 1106 S Expy 83 Harlingen, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 8,056/SF freestanding building; Excellent visibility to Highway 83; Fronts Wal‑Mart Super Center
    (361) 815-2155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynann Pinkham
    Lynann Pinkham
    Real Estate License ID: 319336
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!