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    Harlingen Commercial Medical/Office Suites Title is generated by Realmo AI

    2117 E Tyler Ave., Harlingen, TX 78552

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    For Lease
    $2,335/Mo $21 SF/Yr (calc)

    COMMERCIAL - Harlingen, TX

    Property size:
    1,313 SF
    Lot size:
    0.64 Acres
    Added:
    Jan 11, 2024
    Days on Market:
    862
    Last Refresh:
    May 22 at 8:06 pm

    Property Features for 2117 E Tyler Ave.

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Bedrooms
    7
    Bathrooms
    1
    Rooms
    Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 7
    Pets allowed
    No
    Interior features
    Designed for Handicap, Energy Efficient, Wet Bar
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    1,313 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10057
    Expense value
    2335
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Josephine V. Salas
    Josephine V. Salas

    Listing agent Josephine V. Salas License #0418136

    Listing office Encore Fine Properties 3311 Padre Blvd Suite A, Sugar Land, TX

    Listing date Jan 11, 2024

    MLS# 100478

    Copyright © 2026 South Padre Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One month's free rent offered (second month free with security deposit and first month's rent paid).
    • Located in the heart of Harlingen, near Harlingen Airport and Valley Baptist Medical Center.
    • Suited for medical/office use with 7 offices, reception, staff, and EKG rooms.
    • Handicap accessible with ramp.
    • Approximately 1313 sq. ft. available.
    • Convenient access to Expressway I‑69 (approx. 10 miles).

    Overview

    Commercial medical/office suites are available for lease in Harlingen, Texas. Unit A offers 1313 square feet of space and features 7 offices, a reception room, a staff room, an EKG room, a half bath, and a sink. Located in the heart of Harlingen, the property is less than 4 miles from Harlingen Airport and Valley Baptist Medical Center, and approximately 10 miles from Expressway I-69. The landlord is offering one month's free rent with a lease, where the tenant pays the security deposit and first month's rent and receives the second month free. The monthly lease rate is $1.77 per square foot. Tenants are responsible for paying water, electric, and garbage pick-up. The property is zoned C and sits on a lot of 0.6414 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mercy Kids Rehab ... Physician Ramon Marlena Physician Gentry R. Roeters, ... Physician Tovar Natalie Physician All Valley Childrens ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Muniz Rio Grande Pharmacy — 1117 S Commerce St unit 1, Harlingen, TX 78550

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.672683
    Latitude
    26.190109

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    FAQs

    What type of property is this?
    Medical Office Space - Medical/office suites available for lease in Harlingen, Texas.
    Where is this medical office space located?
    The property is located at 2117 E Tyler Ave. Harlingen, TX.
    What is the lease rate?
    The lease rate is $2,335 /Mo.
    What are key features of this property?
    This property features: One month's free rent offered (second month free with security deposit and first month's rent paid).; Located in the heart of Harlingen, near Harlingen Airport and Valley Baptist Medical Center.; Suited for medical/office use with **7 offices, reception, staff, and EKG rooms.**
    (956) 551-0597
    We can help!
    Listing Contact
    Josephine V. Salas
    Josephine V. Salas
    Real Estate License ID: 0418136
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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