Medical Office with
1801-1805 E HARRISON AVE. Harlingen, TX 78550
1801-1805 E HARRISON AVE., Harlingen, TX, 78550
$398,000
For Sale
$398,000
Mixed-use property with an office wing and an apartment, offering parking and a two-car garage.
Property Size3,465 SF
Price / SF$114.86
Days on Market35
Property Features for 1801-1805 E HARRISON AVE.
General Information
- Standard status
- Active
- Size
- 3,465 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1984
Listing agency
EXP Realty, LLC
(956) 792-0520
Listed by
TANA SPRINGER · License #0647140
(956) 792-0520
Source
Xome
Added: Jun 19 Updated: Jul 21 at 1:09AM Checked: Jul 22 at 3:55AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property is currently operating as a chiropractic office and includes an apartment-style living unit. The office wing features a reception and waiting area, front desk, private office, two treatment rooms, storage areas, 2 bathrooms, and a breakroom and laundry room. The treatment rooms include floor-to-ceiling picture windows overlooking an atrium-style setting.
The residential side provides a large living area, kitchen, bedroom, and a full bathroom. Ample parking is included with additional rear parking, and a 2-car garage completes the property.
The duplex-style layout separates the office and living spaces, allowing the residential unit to remain independent or be incorporated into the business footprint. The offering presents flexibility for professional uses that can accommodate both work and on-site living.
The residential side provides a large living area, kitchen, bedroom, and a full bathroom. Ample parking is included with additional rear parking, and a 2-car garage completes the property.
The duplex-style layout separates the office and living spaces, allowing the residential unit to remain independent or be incorporated into the business footprint. The offering presents flexibility for professional uses that can accommodate both work and on-site living.
Key Highlights
- Mixed‑use property built in 1984 with an office wing and an apartment‑style living space
- Office setup includes a reception/waiting room, front desk, private office, 2 treatment rooms, breakroom and laundry room
- Office area features 2 bathrooms and includes storage, plus two treatment rooms with floor‑to‑ceiling picture windows overlooking an atrium‑style setting
Local Financial Insights For Mixed Use
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 | $62.4k | $18.00 |
| − Vacancy | −$6.2k | −$1.80 |
| EGI | $56.1k | $16.20 |
| − OpEx | −$21.0k | −$6.07 |
| NOI | $35.1k | $10.13 |
3,465 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Healthcare Medical
$596.6K
$522.0K – $696.1K
NOI $41,763 @ 7.0% cap · market cap 10.49%
Second Best
Mixed Use
$501.2K
$438.5K – $584.7K
NOI $35,083 @ 7.0% cap · market cap 8.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Muniz Rio Grande Pharmacy — 1117 S Commerce St unit 1, Harlingen, TX 78550
FAQs
What type of property is this?
Medical Office Space - Mixed-use property with an office wing and an apartment, offering parking and a two-car garage.
Where is this medical office space located?
The property is located at 1801-1805 E HARRISON AVE. Harlingen, TX.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Mixed‑use property built in 1984 with an office wing and an apartment‑style living space; Office setup includes a reception/waiting room, front desk, private office, 2 treatment rooms, breakroom and laundry room; Office area features 2 bathrooms and includes storage, plus two treatment rooms with floor‑to‑ceiling picture windows overlooking an atrium‑style setting
