Medical Office
New
For Sale
Contact for pricing
1300 E Harrison Avenue, Harlingen, TX 78550
Front access from Harrison Avenue is complemented by rear access beside the east-side parking lot.
Property Size4,070 SF
Price / SF$1.23
Days on Market2
Property Features for 1300 E Harrison Avenue
General Information
Standard status
Active
Size
4,070 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
1966
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 1 at 4:20PM
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 SANETI REALTY GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,070-square-foot property in Harlingen was built in 1966 and was previously used as a medical office. The building has an entrance from Harrison Avenue and rear access to an east-side parking lot, which has been resurfaced.
The property is one block from 77 Sunshine Strip, where traffic is listed at 27,162 VPD. Harrison Avenue is listed at 12,131 VPD.
The property is one block from 77 Sunshine Strip, where traffic is listed at 27,162 VPD. Harrison Avenue is listed at 12,131 VPD.
Key Highlights
- 4,070 SF of office space
- Previously used as a medical office
- Built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,363
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,260
$747.3K
Cap Rate 7%
$533,757
$533.8K
Cap Rate 9%
$415,144
$415.1K
Market Conditions
NOI Build-Up for 4,070 SF
Gross rent
$73.3K $18.00/SF
− Vacancy
−$23.4K −$5.76/SF
EGI
$49.8K $12.24/SF
− OpEx
−$12.5K −$3.06/SF
NOI
$37.4K $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%
$747,260
Cap Rate 7%
$533,757
Cap Rate 9%
$415,144
Alternative Uses
Best Use
Healthcare Medical
$700.8K
$613.2K – $817.6K
NOI $49,055 @ 7.0% cap · market cap 981.10%
Second Best
Office B
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 747.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,164
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Muniz Rio Grande Pharmacy — 1117 S Commerce St unit 1, Harlingen, TX 78550
Frequently Asked Questions
What type of property is this?
Medical Office Space - Front access from Harrison Avenue is complemented by rear access beside the east-side parking lot.
Where is this medical office space located?
The property is located at 1300 E Harrison Avenue Harlingen, TX.
What are key features of this property?
This property features: 4,070 SF of office space; Previously used as a medical office; Built in 1966
