Flex Space with
New
For Sale
Contact for pricing
211 W Jefferson Avenue Unit 6, Harlingen, TX 78550
A private office and restroom complement a compact warehouse area.
Property Size1,600 SF
Price / SF$1.03
Days on Market3
Property Features for 211 W Jefferson Avenue Unit 6
General Information
Standard status
Active
Size
1,600 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 3 at 8:48AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot flex property includes a private office and restroom, with a smaller warehouse area at the rear. The building dates to 2004. The space was previously occupied by a robotics business.
The property is offered for sale with a gross lease structure; the tenant pays rent and utilities separately, including electricity, water, Wi-Fi, and HVAC service contract costs.
The property is offered for sale with a gross lease structure; the tenant pays rent and utilities separately, including electricity, water, Wi-Fi, and HVAC service contract costs.
Key Highlights
- 1,600‑square‑foot flex space
- Private office and restroom
- Smaller warehouse area at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,486
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,720
$149.7K
Cap Rate 7%
$106,943
$106.9K
Cap Rate 9%
$83,178
$83.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$11.3K $7.08/SF
− Vacancy
−$634 −$0.40/SF
EGI
$10.7K $6.68/SF
− OpEx
−$3.2K −$2.01/SF
NOI
$7.5K $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%
$149,720
Cap Rate 7%
$106,943
Cap Rate 9%
$83,178
Alternative Uses
Best Use
Flex RnD
$195.5K
$171.1K – $228.1K
NOI $13,687 @ 7.0% cap · market cap 829.52%
Second Best
Warehouse
$129.9K
$113.6K – $151.5K
NOI $9,090 @ 7.0% cap · market cap 550.91%
Theoretical Best
Healthcare Medical
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 1,168.73%
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - A private office and restroom complement a compact warehouse area.
Where is this flex space located?
The property is located at 211 W Jefferson Avenue Unit 6 Harlingen, TX.
What are key features of this property?
This property features: 1,600‑square‑foot flex space; Private office and restroom; Smaller warehouse area at the rear
