Vacant Oil Change
For Sale
$499,000
205 N Loop 499, Harlingen, TX 78550
Recently renovated vacant oil change space suitable for automotive businesses.
Property Size2,652 SF
Price / SF$188.16
Days on Market195
Property Features for 205 N Loop 499
General Information
Standard status
Active
Size
2,652 SF
Property subtype
Free Standing Building
Building Details
Building Size
2,652 SF
Year Built
2004
Listing Agency:
CHRE
Listed By:
CYNTHIA HOPKINS · License #0508052
(956) 325-3255
Source:
Thebrokerlist
Added: Mar 27
Changed: Sep 11
Last Checked: Oct 5 at 3:07PM
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 CHRE
Investment Insights
Based on property information with market context.
This vacant oil change property is located in Harlingen, TX. The property offers a recently renovated space, making it a turnkey opportunity. It is immediately available and well-suited for automotive, service, or fast-turn retail operators. The building has a size of 2,652 square feet.
Key Highlights
- Turnkey vacant oil change property, ready for immediate operation.
- Recently renovated.
- Immediately available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,235
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,700
$504.7K
Cap Rate 7%
$360,500
$360.5K
Cap Rate 9%
$280,389
$280.4K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$38.2K $14.40/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$36.1K $13.59/SF
− OpEx
−$10.8K −$4.08/SF
NOI
$25.2K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,700
Cap Rate 7%
$360,500
Cap Rate 9%
$280,389
Alternative Uses
Best Use
Retail
$360.5K
$315.4K – $420.6K
NOI $25,235 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$177.2K
$155.1K – $206.8K
NOI $12,407 @ 7.0% cap · market cap 2.49%
Theoretical Best
Healthcare Medical
$456.6K
$399.6K – $532.7K
NOI $31,964 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
9,460 visits/mo
0.1 miles
Stripes
Shops & Services
8,499 visits/mo
0.1 miles
Valero Energy
Shops & Services
8,006 visits/mo
0.5 miles
Watermill Express
Shops & Services
1,284 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Raymond's Automatic Transmission Service — 2714 E Harrison Ave, Harlingen, TX 78550
- Auto Upholstery — 2323 E Harrison Ave, Harlingen, TX 78550
- Valu Auto Sales & Service — 2213 E Harrison Ave, Harlingen, TX 78550
- Solid like a Palm tree alternator rebuild and auto repair cheeper than cheep — 109 N 26th St, Harlingen, TX 78550
Frequently Asked Questions
What type of property is this?
Auto shop - Recently renovated vacant oil change space suitable for automotive businesses.
Where is this auto shop located?
The property is located at 205 N Loop 499 Harlingen, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey vacant oil change property, ready for immediate operation.; Recently renovated.; Immediately available.
