Corner Church
For Sale
$259,000
2625 Harrison Avenue, Harlingen, TX 78550
Open interior includes a kitchen, gathering area, private rooms, and two bathrooms, including one with a shower.
Property Size1,772 SF
Lot Size0.25 Acres
Price / SF$146.16
Days on Market11
Property Features for 2625 Harrison Avenue
General Information
Standard status
Active
Size
1,772 SF
Lot size
0.25 Acres
Property subtype
General Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$2,367
Amenities
big kitchen
open room
two private rooms
two bathrooms
shower
alleys
Central Air, Window Air Conditioning, Electric
3
Lot with Trees.
10 Parking Spaces.
Extra Storage, Trees. City Road, Wooded.
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Marcus Phipps Real Estate Llc
(956) 423-5300
Listed By:
Marcus Phipps · License #450735
(956) 423-5300
Source:
Xome
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 12:08PM
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 church facility offers 1,772 square feet with predominantly open interior space, a kitchen, a gathering area, and two private rooms suitable for offices or support functions. The building also includes two bathrooms, with one equipped with a shower, along with central air, window air conditioning, and electric service. Additional storage and a tree-covered lot are part of the property.
The building occupies a corner at E. Harrison Avenue and 27th Street in Harlingen, with alleys serving the side and rear of the site. The property includes 10 parking spaces and was built in 1969.
The building occupies a corner at E. Harrison Avenue and 27th Street in Harlingen, with alleys serving the side and rear of the site. The property includes 10 parking spaces and was built in 1969.
Key Highlights
- 1,772 SF building on over 1/4 acre
- Corner location at E. Harrison Avenue and 27th Street in Harlingen
- Two private rooms, two bathrooms, and one bathroom with a shower
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
Location Intelligence
Trade Area within ½ mile
1,483
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 - Open interior includes a kitchen, gathering area, private rooms, and two bathrooms, including one with a shower.
Where is this church & religious facility located?
The property is located at 2625 Harrison Avenue 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 building on over 1/4 acre; Corner location at E. Harrison Avenue and 27th Street in Harlingen; Two private rooms, two bathrooms, and one bathroom with a shower
