Turnkey Salon Retail
For Sale
$325,000
705 TYLER AVE., Harlingen, TX 78550
Formerly operating as a fully equipped hair salon with multiple stations, reception area, and front parking for five vehicles.
Property Size1,312 SF
Price / SF$247.71
Days on Market79
Property Features for 705 TYLER AVE.
General Information
Standard status
Active
Size
1,312 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1993
Stories
1
Listing Agency:
(956) 595-1150
Listed By:
Fox Real Estate Pros
(956) 595-1150
Source:
Xome
Added: Jun 12
Changed: Aug 25
Last Checked: Aug 29 at 7:38AM
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 Fox Real Estate Pros
Investment Insights
Based on property information with market context.
This retail storefront suite was previously operating as a fully equipped hair salon and is laid out to support service operations. The interior includes three hair washing stations, a large main room designed for four or more stylist stations, a reception and waiting area, and a rear service station. Additional features include a break room with washer and dryer hookups, a private half bath, and two spacious rooms that can be used for additional services or adapted to suit other commercial needs.
The property is located at 705 E Tyler Ave. in Harlingen, TX, in a high-traffic, highly visible area. Customer convenience is supported by front parking for five vehicles, with additional parking available in the rear.
With its established customer-facing layout and adaptable back-of-house space, the suite may be well suited for continued salon use or for a business concept that benefits from a retail storefront environment and on-site parking.
The property is located at 705 E Tyler Ave. in Harlingen, TX, in a high-traffic, highly visible area. Customer convenience is supported by front parking for five vehicles, with additional parking available in the rear.
With its established customer-facing layout and adaptable back-of-house space, the suite may be well suited for continued salon use or for a business concept that benefits from a retail storefront environment and on-site parking.
Key Highlights
- Year built 1993; was formerly operating as a fully equipped hair salon space.
- Salon layout includes three hair washing stations and a large room for four or more stylist stations.
- Reception and waiting area plus a rear service station for day‑to‑day operations.
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
$12,484
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
3.84%
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%
$249,680
$249.7K
Cap Rate 7%
$178,343
$178.3K
Cap Rate 9%
$138,711
$138.7K
Market Conditions
NOI Build-Up for 1,312 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
$18.9K $14.40/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$17.8K $13.59/SF
− OpEx
−$5.4K −$4.08/SF
NOI
$12.5K $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%
$249,680
Cap Rate 7%
$178,343
Cap Rate 9%
$138,711
Alternative Uses
Best Use
Retail
$178.3K
$156.1K – $208.1K
NOI $12,484 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$225.9K
$197.7K – $263.6K
NOI $15,813 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Beauty & Spa 10%
Electronics 6%
Bank of America
Shops & Services
9,169 visits/mo
0.4 miles
Stripes
Shops & Services
4,110 visits/mo
0.3 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,692 visits/mo
0.3 miles
First Cash Pawn
Shops & Services
1,484 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,139 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Formerly operating as a fully equipped hair salon with multiple stations, reception area, and front parking for five vehicles.
Where is this retail space located?
The property is located at 705 TYLER AVE. Harlingen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Year built 1993; was formerly operating as a fully equipped hair salon space.; Salon layout includes three hair washing stations and a large room for four or more stylist stations.; Reception and waiting area plus a rear service station for day‑to‑day operations.
