Drive-Through Flex
New
For Sale
$375,000
1501 N 77 Sunshine Strip, Harlingen, TX 78550
Fenced warehouse space combines an air-conditioned office with vehicle access through the building.
Property Size4,000 SF
Price / SF$93.75
Days on Market4
Property Features for 1501 N 77 Sunshine Strip
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
20
Property subtype
Commercial
Automotive
Service Bays
3
Automotive Uses
auto repair
Additional Details
Fenced Yard
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,711
Building Details
Building Size
4,000 SF
Year Built
1999
Buildings
1
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:57PM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
This 4,000-square-foot flex property in Harlingen was built in 1999. The 50-by-80-foot warehouse area includes a front office of approximately 100 square feet, and the layout allows vehicles to pass through. Three overhead doors provide access: two measure 14 by 14 feet, and the third measures 12 by 12 feet. The office is air-conditioned.
The fenced site accommodates parking for more than 20 vehicles. Three automotive lifts are on-site—two rated at 9,000 pounds and one full-size lift—and may remain or be removed. Other available shop items include furnishings, work benches, a parts washer, brake grinder, oil tank, and racks. The property is at 1501 N 77 Sunshine Strip.
The fenced site accommodates parking for more than 20 vehicles. Three automotive lifts are on-site—two rated at 9,000 pounds and one full-size lift—and may remain or be removed. Other available shop items include furnishings, work benches, a parts washer, brake grinder, oil tank, and racks. The property is at 1501 N 77 Sunshine Strip.
Key Highlights
- 4,000‑square‑foot flex property on a 50‑by‑80‑foot warehouse footprint
- Three overhead doors: two at 14' x 14' and one at 12' x 12'
- Front office is approximately 100+/- SF and air‑conditioned
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,216
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,320
$684.3K
Cap Rate 7%
$488,800
$488.8K
Cap Rate 9%
$380,178
$380.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$53.3K $13.32/SF
− Vacancy
−$639 −$0.16/SF
EGI
$52.6K $13.16/SF
− OpEx
−$18.4K −$4.61/SF
NOI
$34.2K $8.55/SF
Area
Cameron County, TX
Vacancy
1.20%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,320
Cap Rate 7%
$488,800
Cap Rate 9%
$380,178
Alternative Uses
Best Use
Retail
$543.7K
$475.8K – $634.4K
NOI $38,062 @ 7.0% cap · market cap 10.15%
Second Best
Flex RnD
$488.8K
$427.7K – $570.3K
NOI $34,216 @ 7.0% cap · market cap 9.12%
Theoretical Best
Healthcare Medical
$688.7K
$602.6K – $803.5K
NOI $48,211 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
368
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced warehouse space combines an air-conditioned office with vehicle access through the building.
Where is this flex space located?
The property is located at 1501 N 77 Sunshine Strip Harlingen, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,000‑square‑foot flex property on a 50‑by‑80‑foot warehouse footprint; Three overhead doors: two at 14' x 14' and one at 12' x 12'; Front office is approximately 100+/- SF and air‑conditioned
