Office Unit Near
New
For Sale
Contact for pricing
2312 S Expressway 83, Harlingen, TX 78552
The 2007-built space is configured for professional office use.
Property Size1,190 SF
Price / SF$1.01
Days on Market2
Property Features for 2312 S Expressway 83
General Information
Standard status
Active
Size
1,190 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,190-square-foot office unit was built in 2007. Its size supports a professional office configuration.
The property is at 2312 S Expressway 83 in Harlingen, just off the expressway.
The property is at 2312 S Expressway 83 in Harlingen, just off the expressway.
Key Highlights
- 1,190‑square‑foot office unit
- Built in 2007
- Located at 2312 S Expressway 83 in Harlingen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,924
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,480
$218.5K
Cap Rate 7%
$156,057
$156.1K
Cap Rate 9%
$121,378
$121.4K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$21.4K $18.00/SF
− Vacancy
−$6.9K −$5.76/SF
EGI
$14.6K $12.24/SF
− OpEx
−$3.6K −$3.06/SF
NOI
$10.9K $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 Rate 5%
$218,480
Cap Rate 7%
$156,057
Cap Rate 9%
$121,378
Alternative Uses
Best Use
Office B
$156.1K
$136.6K – $182.1K
NOI $10,924 @ 7.0% cap · market cap 910.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 1,195.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 78552, TX
38,474
Population
16,009
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
48.0 sq mi
ZIP Area
802
Density / Sq Mi
$67,183
Median Household Income
$34,571
Median Earnings
$1,054
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The 2007-built space is configured for professional office use.
Where is this office unit located?
The property is located at 2312 S Expressway 83 Harlingen, TX.
What are key features of this property?
This property features: 1,190‑square‑foot office unit; Built in 2007; Located at 2312 S Expressway 83 in Harlingen
