Retail Space Near
For Sale
$185,000
605 E TYLER AVE., Harlingen, TX 78550
Commercial Sale, HARLINGEN, TX
Property Size1,272 SF
Lot Size0.16 Acres
Price / SF$145.44
Days on Market142
Property Features for 605 E TYLER AVE.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ORIGINAL TOWNSITE
Standard status
Active
Size
1,272 SF
Lot size
0.16 Acres
Building Details
Year built
1969
Floors in Building
1
Listing Agency:
Realty One Group, Modern Edge
(956) 908-0325
Listed By:
KARIM ZAPATERO · License #TREC#0826241
(956) 536-3336
Added: Jun 15
Changed: Oct 22
Last Checked: Nov 3 at 3:06AM
MLS# 29777174
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,272-square-foot retail property occupies a 0.1607-acre site at 605 E Tyler Ave. in Harlingen. Built in 1969, the existing commercial space is positioned for retail or office use.
The property is near downtown Harlingen and benefits from access to E Tyler Ave. Its location and existing building provide a straightforward option for an owner-user or commercial operator seeking a compact retail-oriented property.
The property is near downtown Harlingen and benefits from access to E Tyler Ave. Its location and existing building provide a straightforward option for an owner-user or commercial operator seeking a compact retail-oriented property.
Key Highlights
- 1,272‑square‑foot retail property
- 0.1607‑acre site
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,104
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,080
$242.1K
Cap Rate 7%
$172,914
$172.9K
Cap Rate 9%
$134,489
$134.5K
Market Conditions
NOI Build-Up for 1,272 SF
Gross rent
$18.3K $14.40/SF
− Vacancy
−$1.0K −$0.81/SF
EGI
$17.3K $13.59/SF
− OpEx
−$5.2K −$4.08/SF
NOI
$12.1K $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 Rate 5%
$242,080
Cap Rate 7%
$172,914
Cap Rate 9%
$134,489
Alternative Uses
Best Use
Retail
$172.9K
$151.3K – $201.7K
NOI $12,104 @ 7.0% cap · market cap 6.54%
Second Best
Office B
$166.8K
$146.0K – $194.6K
NOI $11,677 @ 7.0% cap · market cap 6.31%
Theoretical Best
Healthcare Medical
$219.0K
$191.6K – $255.5K
NOI $15,331 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,632
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Existing commercial space suited to retail or office use on E Tyler Ave.
Where is this retail space located?
The property is located at 605 E TYLER AVE. Harlingen, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,272‑square‑foot retail property; 0.1607‑acre site; Built in 1969
