Church Building With
For Sale
Contact for pricing
2625 E Harrison Ave., Harlingen, TX 78550
Mostly open interior includes gathering space, private rooms, and two bathrooms, supporting continued religious or alternative commercial use.
Property Size1,772 SF
Price / SF$146.16
Days on Market10
Property Features for 2625 E Harrison Ave.
General Information
Standard status
Active
Size
1,772 SF
Total Parking Spaces
10
Property subtype
Office
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Marcus Phipps Real Estate LLC
(956) 793-2355
Listed By:
Marcus Phipps · License #450735
Source:
Crexi
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 8 at 10:06AM
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 Marcus Phipps Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,772-square-foot church property, constructed in 1969, offers a mostly open interior arranged for assembly and flexible use. The building includes a sanctuary area, a large kitchen connected to an additional gathering room, two private rooms suitable for offices, and two bathrooms, including one with a shower.
The property occupies more than one-quarter acre at the corner of E. Harrison Ave and S. 27th St in Harlingen. Alleys along the side and rear provide additional access around the site. Its existing religious-facility layout and open areas may support continued congregational use or adaptation for other commercial purposes, subject to applicable requirements.
The property occupies more than one-quarter acre at the corner of E. Harrison Ave and S. 27th St in Harlingen. Alleys along the side and rear provide additional access around the site. Its existing religious-facility layout and open areas may support continued congregational use or adaptation for other commercial purposes, subject to applicable requirements.
Key Highlights
- 1,772 SF church building constructed in 1969
- More than 1/4 acre at the corner of E. Harrison Ave and S. 27th St
- Mostly open interior with sanctuary and gathering areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,862
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,240
$337.2K
Cap Rate 7%
$240,886
$240.9K
Cap Rate 9%
$187,356
$187.4K
Market Conditions
NOI Build-Up for 1,772 SF
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.
Gross rent
$25.5K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$24.1K $13.59/SF
− OpEx
−$7.2K −$4.08/SF
NOI
$16.9K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,240
Cap Rate 7%
$240,886
Cap Rate 9%
$187,356
Alternative Uses
Best Use
Retail
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 6.51%
Second Best
Office B
$232.4K
$203.3K – $271.1K
NOI $16,267 @ 7.0% cap · market cap 6.28%
Theoretical Best
Healthcare Medical
$305.1K
$267.0K – $356.0K
NOI $21,358 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Mostly open interior includes gathering space, private rooms, and two bathrooms, supporting continued religious or alternative commercial use.
Where is this church & religious facility located?
The property is located at 2625 E Harrison Ave. Harlingen, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,772 SF church building constructed in 1969; More than 1/4 acre at the corner of E. Harrison Ave and S. 27th St; Mostly open interior with sanctuary and gathering areas
