Office Suite in Managed
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For Sale
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1617 E Tyler Avenue, Harlingen, TX 78550
Three office suites are housed in a professionally managed center with access from Tyler and Harrison Avenues.
Property Size17,945 SF
Price / SF$0.16
Days on Market2
Property Features for 1617 E Tyler Avenue
General Information
Standard status
Active
Size
17,945 SF
Property subtype
Commercial
Additional Details
Condition
Second Generation
Road Access
Yes
Property Use
Office
Building Details
Year Built
2010
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 12:37AM
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
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Investment Insights
Based on property information with market context.
Coles Corner is a professionally managed office center at 1617 Tyler in Harlingen. It contains three office suites; Suite K measures approximately 1,131 SF and has a second-generation office layout. The building dates to 2010, and on-site management serves the property.
The center is along East Tyler Avenue, with access from both Tyler and Harrison Avenues. A virtual link and 3-D tour are available.
The center is along East Tyler Avenue, with access from both Tyler and Harrison Avenues. A virtual link and 3-D tour are available.
Key Highlights
- Three office suites in the center
- Suite K offers approximately 1,131 SF in a second‑generation office layout
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,735
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,294,700
$3.3M
Cap Rate 7%
$2,353,357
$2.4M
Cap Rate 9%
$1,830,389
$1.8M
Market Conditions
NOI Build-Up for 17,945 SF
Gross rent
$323.0K $18.00/SF
− Vacancy
−$103.4K −$5.76/SF
EGI
$219.6K $12.24/SF
− OpEx
−$54.9K −$3.06/SF
NOI
$164.7K $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%
$3,294,700
Cap Rate 7%
$2,353,357
Cap Rate 9%
$1,830,389
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.75M
NOI $164,735 @ 7.0% cap · market cap 5,574.79%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.09M
$2.70M – $3.60M
NOI $216,287 @ 7.0% cap · market cap 7,319.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
944
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Three office suites are housed in a professionally managed center with access from Tyler and Harrison Avenues.
Where is this office unit located?
The property is located at 1617 E Tyler Avenue Harlingen, TX.
What are key features of this property?
This property features: Three office suites in the center; Suite K offers approximately 1,131 SF in a second‑generation office layout; Built in 2010
