Open-Layout Flex
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For Sale
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211 W Jefferson Avenue, Harlingen, TX 78550
Flexible interior configuration includes an open work area and two restrooms, with gross lease terms and separately paid utilities.
Property Size3,200 SF
Price / SF$1.15
Days on Market2
Property Features for 211 W Jefferson Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:03PM
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.
This 3,200-square-foot flex space was built in 2004 and has an open-concept interior with two restrooms. Its layout supports a range of operational configurations, including fitness or training, storage, contractor work, and light-industrial use.
The gross lease structure requires the tenant to pay utilities separately. Specified operating expenses include HVAC service, Wi-Fi, water, and electricity.
The gross lease structure requires the tenant to pay utilities separately. Specified operating expenses include HVAC service, Wi-Fi, water, and electricity.
Key Highlights
- 3,200 square feet of open‑concept flex space
- Two restrooms
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,971
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,420
$299.4K
Cap Rate 7%
$213,871
$213.9K
Cap Rate 9%
$166,344
$166.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$22.7K $7.08/SF
− Vacancy
−$1.3K −$0.40/SF
EGI
$21.4K $6.68/SF
− OpEx
−$6.4K −$2.01/SF
NOI
$15.0K $4.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,420
Cap Rate 7%
$213,871
Cap Rate 9%
$166,344
Alternative Uses
Best Use
Flex RnD
$391.0K
$342.2K – $456.2K
NOI $27,373 @ 7.0% cap · market cap 741.82%
Second Best
Warehouse
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 492.66%
Theoretical Best
Healthcare Medical
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 1,045.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Under-served
Demand for This Use
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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 Industrial in South region
Similar Off Market Nearby
- SmokinBucks — Harlingen, TX 78550
Frequently Asked Questions
What type of property is this?
Flex space - Flexible interior configuration includes an open work area and two restrooms, with gross lease terms and separately paid utilities.
Where is this flex space located?
The property is located at 211 W Jefferson Avenue Harlingen, TX.
What are key features of this property?
This property features: 3,200 square feet of open‑concept flex space; Two restrooms; Built in 2004
