Highway Frontage Retail
2597 US HIGHWAY 77 San Benito, TX 78586
For Sale
Contact for pricing
Shell building near medical district with parking.
Property Size1,800 SF
Price / SF$111.06
Days on Market898
Property Features for 2597 US HIGHWAY 77
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2010
Listing Agency:
RE/MAX ELITE
Listed By:
Karla Miller · License #TX
Source:
Crexi
Added: Feb 7, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:52AM
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 RE/MAX ELITE
Investment Insights
Based on property information with market context.
This commercial property offers approximately 1800 square feet of potential business space. Constructed in 2010, the building is an empty shell, allowing for customized build-out to suit specific business needs. It is windstorm certified and features 14 dedicated parking spots, including handicap accessibility. The property is located in close proximity to the Harlingen Medical District, specifically Valley Baptist Hospital, offering a strategic location for various business ventures.
Key Highlights
- Prime location near Harlingen Medical District (Valley Baptist Hospital)
- Substantial 1800 sq ft of customizable business space
- 14 dedicated parking spots
Financial Insights For Retail
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 | $25.9k | $14.40 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $24.5k | $13.59 |
| − OpEx | −$7.3k | −$4.08 |
| NOI | $17.1k | $9.52 |
1,800 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Shell building near medical district with parking.
Where is this storefront property located?
The property is located at 2597 US HIGHWAY 77 San Benito, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime location near Harlingen Medical District (Valley Baptist Hospital); Substantial 1800 sq ft of customizable business space; 14 dedicated parking spots
