Expandable Office
New
For Sale
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1720 E Harrison Avenue E, Harlingen, TX 78550
The neighboring suite can add further office area to the smaller unit.
Property Size700 SF
Price / SF$1.29
Days on Market2
Property Features for 1720 E Harrison Avenue E
General Information
Standard status
Active
Size
700 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:52PM
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.
Built in 2000, the office property includes several distinct suite configurations. Suite A-1 contains 700 square feet with a reception or main work area, storage, a private office and one restroom. The adjoining Suite A-2 offers 1,150 square feet, including a waiting area, reception office with a glass window and work area. A removed partition leaves a room large enough for conference use. Suite A-1 can be expanded by connecting with the adjacent space, adding up to 1,150 square feet.
Suite B has 1,600 square feet and is configured with reception and waiting areas, a large conference room, four offices and a breakroom. The property is on E. Harrison Avenue, east of S. 77 Sunshine Strip. For Suite A-1, the tenant pays electricity while the landlord covers water and trash.
Suite B has 1,600 square feet and is configured with reception and waiting areas, a large conference room, four offices and a breakroom. The property is on E. Harrison Avenue, east of S. 77 Sunshine Strip. For Suite A-1, the tenant pays electricity while the landlord covers water and trash.
Key Highlights
- Suite A‑1: 700 S.F. with reception area, storage, office and restroom
- Suite A‑1 can expand by up to 1,150 s.f. into the adjacent suite
- Suite A‑2: 1,150 s.f. with waiting area and reception office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,426
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,520
$128.5K
Cap Rate 7%
$91,800
$91.8K
Cap Rate 9%
$71,400
$71.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$12.6K $18.00/SF
− Vacancy
−$4.0K −$5.76/SF
EGI
$8.6K $12.24/SF
− OpEx
−$2.1K −$3.06/SF
NOI
$6.4K $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%
$128,520
Cap Rate 7%
$91,800
Cap Rate 9%
$71,400
Alternative Uses
Best Use
Office B
$91.8K
$80.3K – $107.1K
NOI $6,426 @ 7.0% cap · market cap 714.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$120.5K
$105.5K – $140.6K
NOI $8,437 @ 7.0% cap · market cap 937.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - The neighboring suite can add further office area to the smaller unit.
Where is this office unit located?
The property is located at 1720 E Harrison Avenue E Harlingen, TX.
What are key features of this property?
This property features: Suite A‑1: 700 S.F. with reception area, storage, office and restroom; Suite A‑1 can expand by up to 1,150 s.f. into the adjacent suite; Suite A‑2: 1,150 s.f. with waiting area and reception office
