Free-Standing Flex
17745 W Expressway 83 Harlingen, TX 78552
For Sale
$325,000
Pending
Free-standing building with gated front yard, concrete parking, and an oversized drive-thru garage/shop with office improvements.
Property Size3,600 SF
Days on Market81
Property Features for 17745 W Expressway 83
General Information
- Standard status
- Pending
- Size
- 3,600 SF
Listing Agency:
Marcus Phipps Real Estate LLC
(956) 793-9993
Listed By:
Pauline Zurovec · License #0249384
(956) 793-9993
Source:
Exprealty
Added: May 4
Changed: Jul 22
Last Checked: Jul 22 at 7:58PM
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 Marcus Phipps Real Estate LLC
Investment Insights
Based on property information with market context.
This free-standing flex building is designed for business use with a drive-thru garage/shop and office improvements. The floor plan includes a reception area, seven offices, a large conference room, a kitchen/break room, two restrooms, and an exterior storage room. The property also features an oversized drive-thru garage/shop and gated front yard, with a concrete parking lot at both the front and rear providing parking for 14+/- vehicles.
The site is located off Expressway 83 to Sunset Street. The property is presently outside city limits and is described as suitable for commercial or retail use, though it is not zoned.
Built around 2003 and described as neat, attractive, and well maintained, the building includes an office area of approximately 2,673 square feet and a drive-thru garage/shop area of approximately 800 square feet, with an additional 473 square feet noted for other improvements.
The site is located off Expressway 83 to Sunset Street. The property is presently outside city limits and is described as suitable for commercial or retail use, though it is not zoned.
Built around 2003 and described as neat, attractive, and well maintained, the building includes an office area of approximately 2,673 square feet and a drive-thru garage/shop area of approximately 800 square feet, with an additional 473 square feet noted for other improvements.
Key Highlights
- Free‑standing building constructed +/-2003 with gated front yard and concrete parking lot (front & rear) for 14+/- spaces
- Oversized drive‑thru garage/shop with +/-800 SF, designed for vehicle‑focused uses
- Total improvements of +/-3,473 SF, including office area of +/-2,673 SF plus reception, seven offices, and a large conference room
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $7.08 |
| − Vacancy | −$1.4k | −$0.40 |
| EGI | $24.1k | $6.68 |
| − OpEx | −$7.2k | −$2.01 |
| NOI | $16.8k | $4.68 |
3,600 SF · lease $7.08/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$489.4K
$428.2K – $570.9K
NOI $34,256 @ 7.0% cap · market cap 10.54%
Second Best
Office B
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 10.17%
Theoretical Best
Healthcare Medical
$619.9K
$542.4K – $723.2K
NOI $43,390 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Firehouse Subs Harlingen Corners — 2709 W Expressway 83 #150, Harlingen, TX 78552
FAQs
What type of property is this?
Flex space - Free-standing building with gated front yard, concrete parking, and an oversized drive-thru garage/shop with office improvements.
Where is this flex space located?
The property is located at 17745 W Expressway 83 Harlingen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Free‑standing building constructed +/-2003 with gated front yard and concrete parking lot (front & rear) for 14+/- spaces; Oversized drive‑thru garage/shop with +/-800 SF, designed for vehicle‑focused uses; Total improvements of +/-3,473 SF, including office area of +/-2,673 SF plus reception, seven offices, and a large conference room
