Freestanding Warehouse with Grade-Level
For Sale
$2,124,800
4951 E Harrison, Harlingen, TX 78550
Freestanding industrial facility with office space, loading infrastructure, sprinkler protection, and truck-accessible circulation.
Property Size25,600 SF
Days on Market193
Property Features for 4951 E Harrison
General Information
Standard status
Active
Size
25,600 SF
Property subtype
Warehouse
Building Details
Building Size
25,600 SF
Year Built
2020
Listing Agency:
CHRE
(956) 325-3255
Listed By:
CYNTHIA HOPKINS · License #0508052
(956) 325-3255
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 11:46PM
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 CHRE
Investment Insights
Based on property information with market context.
This freestanding warehouse contains 25,600 sf within an approximately 5-acre industrial property. The building includes 4,480 sf of office space and 21,120 sf of warehouse area, with reception, private offices, an open work area, conference room, break room, and ADA restrooms. Interior and site improvements include HVAC in the office area, a sprinkler system, 6-inch concrete slab construction, crane supports, and circular concrete drives.
Loading capacity includes six drive-through grade-level doors measuring 12' x 16' and three dock-high doors with 12' doorways designed to accommodate 75' semi trucks. The property also provides 400 Amp/3 Phase electrical service and 55 parking spaces. Built in 2020, the facility is located in Arroyo View Industrial Park within Harlingen's Industrial District, near the Cardone facility.
Loading capacity includes six drive-through grade-level doors measuring 12' x 16' and three dock-high doors with 12' doorways designed to accommodate 75' semi trucks. The property also provides 400 Amp/3 Phase electrical service and 55 parking spaces. Built in 2020, the facility is located in Arroyo View Industrial Park within Harlingen's Industrial District, near the Cardone facility.
Key Highlights
- 25,600 sf freestanding warehouse on +/- 5 acres
- 4,480 sf of office space and 21,120 sf of warehouse area
- Six (6) drive‑through grade‑level doors, each 12' x 16'
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
$145,433
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
6.84%
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%
$2,908,660
$2.9M
Cap Rate 7%
$2,077,614
$2.1M
Cap Rate 9%
$1,615,922
$1.6M
Market Conditions
NOI Build-Up for 25,600 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
$181.2K $7.08/SF
− Vacancy
−$10.1K −$0.40/SF
EGI
$171.1K $6.68/SF
− OpEx
−$25.7K −$1.00/SF
NOI
$145.4K $5.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$2,908,660
Cap Rate 7%
$2,077,614
Cap Rate 9%
$1,615,922
Alternative Uses
Best Use
Warehouse
$2.08M
$1.82M – $2.42M
NOI $145,433 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.41M
$3.86M – $5.14M
NOI $308,552 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial facility with office space, loading infrastructure, sprinkler protection, and truck-accessible circulation.
Where is this warehouse located?
The property is located at 4951 E Harrison Harlingen, TX.
What is the asking price?
The asking price for this property is $2,124,800.
What are key features of this property?
This property features: 25,600 sf freestanding warehouse on +/- 5 acres; 4,480 sf of office space and 21,120 sf of warehouse area; Six (6) drive‑through grade‑level doors, each 12' x 16'
