Harlingen Office Building For
2420 E Tyler Harlingen, TX 78550
2420 E Tyler, Harlingen, TX, 78550
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For Sale
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Exceptional office building in thriving Rio Grande Valley market.
Property Size11,707 SF
Price / SF$147.35
Days on Market64
Property Features for 2420 E Tyler
General Information
- Standard status
- Active
- Size
- 11,707 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 2014
Listing Agency
Cindy Hopkins Commercial Real Estate
(956) 778-3255
Listed by
CYNTHIA HOPKINS · License #0508052
Source
Crexi
Added: May 19 Updated: Jul 10 at 1:37 pm Checked: Jul 20 at 2:23 am
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 Cindy Hopkins Commercial Real Estate
Investment Insights
Based on property information with market context.
This +/- 11,707 square foot office building, formerly used for administrative staff, features high ceilings and custom design elements. The property includes approximately 20 [10 x 10] cubicles and over 15 private window offices. The facility offers a reception area, a large conference room, a large employee break area, and a gym area. There is also a manager's office with a private restroom and an outdoor courtyard. Located in Harlingen, Texas, the property is situated in the Rio Grande Valley market. Nearby are the Valley International Airport and the Harlingen Medical Center. Texas State Technical College and The University of Texas Rio Grande Valley are also located in the area. The location offers a variety of dining, shopping, and entertainment options, creating an attractive environment for office and office building investors. This property is suitable for any corporate office.
Key Highlights
- Exceptional, beautifully landscaped office building with high ceilings and numerous custom design features.
- Includes +/- 20 cubicles and 15+ private/window offices, ready for immediate use.
- Features a beautiful reception area, large conference room, large employee break area, and gym area.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.7k | $18.00 |
| − Vacancy | −$67.4k | −$5.76 |
| EGI | $143.3k | $12.24 |
| − OpEx | −$35.8k | −$3.06 |
| NOI | $107.5k | $9.18 |
11,707 SF · lease $18.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.54M
$1.34M – $1.79M
NOI $107,470 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.02M
$1.76M – $2.35M
NOI $141,102 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Exceptional office building in thriving Rio Grande Valley market.
Where is this office building located?
The property is located at 2420 E Tyler Harlingen, TX.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Exceptional, beautifully landscaped office building with high ceilings and numerous custom design features.; Includes +/- 20 cubicles and 15+ private/window offices, ready for immediate use.; Features a beautiful reception area, large conference room, large employee break area, and gym area.
