Condominium Office with
For Sale
$775,000
1906 Tyler Avenue Suite B, Harlingen, TX 78550
A well-maintained office condominium offering 2,750 SF for lease or owner-occupancy with ample parking.
Property Size6,400 SF
Price / SF$121.09
Days on Market113
Property Features for 1906 Tyler Avenue Suite B
General Information
Standard status
Active
Size
6,400 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
6,400 SF
Year Built
2005
Listing Agency:
Davis Equity Realty
Listed By:
Randy Summers · License #0452513
(956) 969-8648
Source:
Thebrokerlist
Added: Jun 17
Changed: Sep 6
Last Checked: Oct 5 at 3:09PM
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 Davis Equity Realty
Investment Insights
Based on property information with market context.
This well-maintained office condominium totals 6,400 SF and includes 2,750 SF that can be leased or occupied. The interior is described as in good condition, and the property is set up as modern office facilities within a condominium configuration.
Located in Harlingen, Texas, the property is presented as a “prime Harlingen location” and includes ample parking for visitors and employees. The information provided does not specify additional building features beyond the available parking and modern office facilities.
For office users, the opportunity supports either leasing space within the condominium footprint or occupying the available 2,750 SF directly. For buyers seeking an owner-occupant arrangement, the property’s condominium structure and available portion provide a practical path to match space needs. The listing also emphasizes parking and the condition of the interior, both of which are key day-to-day considerations for tenant comfort and workflow.
Located in Harlingen, Texas, the property is presented as a “prime Harlingen location” and includes ample parking for visitors and employees. The information provided does not specify additional building features beyond the available parking and modern office facilities.
For office users, the opportunity supports either leasing space within the condominium footprint or occupying the available 2,750 SF directly. For buyers seeking an owner-occupant arrangement, the property’s condominium structure and available portion provide a practical path to match space needs. The listing also emphasizes parking and the condition of the interior, both of which are key day-to-day considerations for tenant comfort and workflow.
Key Highlights
- 6,400 SF office condominium with 2,750 SF available to lease or occupy
- Well‑maintained interior
- Ample parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,752
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
$1.2M
Cap Rate 7%
$839,314
$839.3K
Cap Rate 9%
$652,800
$652.8K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$115.2K $18.00/SF
− Vacancy
−$36.9K −$5.76/SF
EGI
$78.3K $12.24/SF
− OpEx
−$19.6K −$3.06/SF
NOI
$58.8K $9.18/SF
Area
Cameron County, TX
Vacancy
32.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
Cap Rate 7%
$839,314
Cap Rate 9%
$652,800
Alternative Uses
Best Use
Office B
$839.3K
$734.4K – $979.2K
NOI $58,752 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.10M
$964.2K – $1.29M
NOI $77,138 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A well-maintained office condominium offering 2,750 SF for lease or owner-occupancy with ample parking.
Where is this office units located?
The property is located at 1906 Tyler Avenue Suite B Harlingen, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 6,400 SF office condominium with 2,750 SF available to lease or occupy; Well‑maintained interior; Ample parking space
