Professional Office
For Sale
$415,000
1906 E Tyler Ave. Unit G, Harlingen, TX 78550
Multi-room office configuration within a gated business community, with dedicated areas for meetings, reception, technology, and staff support.
Property Size3,000 SF
Price / SF$138.33
Days on Market24
Property Features for 1906 E Tyler Ave. Unit G
General Information
Standard status
Active
Size
3,000 SF
Class
Class A
Additional Details
HOA Fee
$700
Amenities
gated business community
six private offices
conference room
reception area
break room
storage areas
dedicated IT equipment room
Building Details
Year Built
2007
Listing Agency:
BAHNMAN REALTY
(956) 423-3488
Listed By:
JUAN DE LA GARZA, LISA DE LA GARZA
Source:
Accessrealtyrgv
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 9:16PM
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 BAHNMAN REALTY
Investment Insights
Based on property information with market context.
This 3,000-square-foot professional office unit was built in 2007 and offers a Class A workspace configuration. The interior includes six private offices, a conference room, reception area, break room, storage areas, and a dedicated IT equipment room. Air-conditioning units are less than five years old.
The property is located at 1906 E Tyler Ave., Unit G, in Harlingen, Texas, within the Plaza Colonial gated business community. The current tenant is scheduled to vacate in July 2026, providing a defined occupancy transition for a future owner or occupant.
The property is located at 1906 E Tyler Ave., Unit G, in Harlingen, Texas, within the Plaza Colonial gated business community. The current tenant is scheduled to vacate in July 2026, providing a defined occupancy transition for a future owner or occupant.
Key Highlights
- 3,000 square feet of Class A professional office space
- Six private offices plus conference, reception, break room, storage, and IT areas
- Located in the Plaza Colonial gated business community
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,800
$550.8K
Cap Rate 7%
$393,429
$393.4K
Cap Rate 9%
$306,000
$306.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$54.0K $18.00/SF
− Vacancy
−$17.3K −$5.76/SF
EGI
$36.7K $12.24/SF
− OpEx
−$9.2K −$3.06/SF
NOI
$27.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,800
Cap Rate 7%
$393,429
Cap Rate 9%
$306,000
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
779
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Multi-room office configuration within a gated business community, with dedicated areas for meetings, reception, technology, and staff support.
Where is this office units located?
The property is located at 1906 E Tyler Ave. Unit G Harlingen, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 3,000 square feet of Class A professional office space; Six private offices plus conference, reception, break room, storage, and IT areas; Located in the Plaza Colonial gated business community
