Multi-Unit Retail
1206 SEVENTH ST. Harlingen, TX 78550
For Sale
$1,555,000
Retail plaza includes five units totaling 2000 and 4000 square feet, each with central AC and two bathrooms.
Property Size12,000 SF
Price / SF$129.58
Days on Market281
Property Features for 1206 SEVENTH ST.
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing Agency:
RCR Real Connect Realty
(956) 793-6659
Listed By:
Ruben Martinez
(956) 793-6659
Source:
Xome
Added: Oct 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:30AM
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 RCR Real Connect Realty
Investment Insights
Based on property information with market context.
This commercial plaza features two adjoining paved corner lots along a commercial corridor, offering five retail units in total. The property includes four units sized at approximately 2,000 square feet and one additional unit sized at approximately 4,000 square feet. Each unit includes two bathrooms, central air conditioning, and its own water and electrical meters.
The site is located in the Harlingen North 7th Street commercial corridor, providing access from a prominent retail stretch. The configuration of two adjoining paved corner lots supports straightforward site use and convenient customer access.
For tenants or investors, the building provides a straightforward multi-tenant layout with consistent unit amenities, including central AC and individually metered utilities.
The site is located in the Harlingen North 7th Street commercial corridor, providing access from a prominent retail stretch. The configuration of two adjoining paved corner lots supports straightforward site use and convenient customer access.
For tenants or investors, the building provides a straightforward multi-tenant layout with consistent unit amenities, including central AC and individually metered utilities.
Key Highlights
- Commercial plaza on 2 adjoining paved corner lots in the Harlingen North 7th Street commercial corridor
- Five retail units total: four 2,000 SF units and one 4,000 SF unit
- Each unit has 2 bathrooms and central AC
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.8k | $14.40 |
| − Vacancy | −$9.7k | −$0.81 |
| EGI | $163.1k | $13.59 |
| − OpEx | −$48.9k | −$4.08 |
| NOI | $114.2k | $9.52 |
12,000 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.07M
$1.81M – $2.41M
NOI $144,634 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mireya's Enterprise
Hair Salon
FAQs
What type of property is this?
Strip mall - Retail plaza includes five units totaling 2000 and 4000 square feet, each with central AC and two bathrooms.
Where is this strip mall located?
The property is located at 1206 SEVENTH ST. Harlingen, TX.
What is the asking price?
The asking price for this property is $1,555,000.
What are key features of this property?
This property features: Commercial plaza on 2 adjoining paved corner lots in the Harlingen North 7th Street commercial corridor; Five retail units total: four 2,000 SF units and one 4,000 SF unit; Each unit has 2 bathrooms and central AC
