Flex Building with Warehouse
For Sale
$1,250,000
610 N Expressway 77, Harlingen, TX 78550
A fenced property offers separate office and warehouse areas with dual-street access and room for truck circulation.
Property Size8,400 SF
Price / SF$148.81
Days on Market32
Property Features for 610 N Expressway 77
General Information
Standard status
Active
Size
8,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
5,720 SF
Office Build-Out
2,680 SF
Taxes and HOA fees
Annual Taxes
$8,532
Building Details
Building Size
8,400 SF
Listing Agency:
Marcus Phipps Real Estate LLC
Listed By:
Marcus Phipps · License #450735
(956) 423-5300
Source:
Exprealty
Added: Oct 2
Changed: Oct 27
Last Checked: Nov 1 at 6:12AM
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
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Investment Insights
Based on property information with market context.
This flex property contains 2,680 +/- square feet of office space and 5,720 +/- square feet of warehouse space, for a total of 8,400 square feet. The office layout includes five private offices, reception space, a training room, a break room and two bathrooms. Three warehouse bays each have a 14 x 14 overhead door, with 16 feet of center ceiling height. A second level above the offices provides additional storage or office area.
The site spans over an acre, is fenced, and has access from two streets with a drive-through configuration. It fronts Expressway 77, with expressway access in three directions. The property also offers space for parking, storage and truck access.
The site spans over an acre, is fenced, and has access from two streets with a drive-through configuration. It fronts Expressway 77, with expressway access in three directions. The property also offers space for parking, storage and truck access.
Key Highlights
- 8,400 square feet total: 2,680 +/- SF of office space and 5,720 +/- SF of warehouse space
- Three warehouse bays, each with a 14 x 14 overhead door
- 16‑foot center ceiling height in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,854
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,080
$1.4M
Cap Rate 7%
$1,026,486
$1.0M
Cap Rate 9%
$798,378
$798.4K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$111.9K $13.32/SF
− Vacancy
−$1.3K −$0.16/SF
EGI
$110.5K $13.16/SF
− OpEx
−$38.7K −$4.61/SF
NOI
$71.9K $8.55/SF
Area
Cameron County, TX
Vacancy
1.20%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,080
Cap Rate 7%
$1,026,486
Cap Rate 9%
$798,378
Alternative Uses
Best Use
Flex RnD
$1.03M
$898.2K – $1.20M
NOI $71,854 @ 7.0% cap · market cap 5.75%
Second Best
Warehouse
$681.7K
$596.5K – $795.3K
NOI $47,720 @ 7.0% cap · market cap 3.82%
Theoretical Best
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,244 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced property offers separate office and warehouse areas with dual-street access and room for truck circulation.
Where is this flex space located?
The property is located at 610 N Expressway 77 Harlingen, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,400 square feet total: 2,680 +/- SF of office space and 5,720 +/- SF of warehouse space; Three warehouse bays, each with a 14 x 14 overhead door; 16‑foot center ceiling height in the warehouse
