Office Building with Medical
New
For Sale
$1,089,530
8002 W Expressway 83, Harlingen, TX 78552
Four suites include a contiguous area configured for medical rehabilitation.
Property Size7,514 SF
Price / SF$145
Days on Market4
Property Features for 8002 W Expressway 83
General Information
Standard status
Active
Size
7,514 SF
Total Parking Spaces
15
Property subtype
Commercial
Additional Details
Road Access
Yes
Office Units
4
Property Use
Office
Medical Specialty
medical rehabilitation
Taxes and HOA fees
Annual Taxes
$9,884
Building Details
Building Size
7,514 SF
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:18AM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
The 7,514-square-foot office building contains four suites, including a contiguous space of more than 5,000 square feet configured for medical rehabilitation. The property was built in 2002.
Located at 8002 W Expressway 83 in Harlingen, the building has frontage-road access.
Located at 8002 W Expressway 83 in Harlingen, the building has frontage-road access.
Key Highlights
- 7,514‑square‑foot office building with four suites
- Contiguous space exceeding 5,000 square feet, configured for medical rehabilitation
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,565
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,811,300
$1.8M
Cap Rate 7%
$1,293,786
$1.3M
Cap Rate 9%
$1,006,278
$1.0M
Market Conditions
NOI Build-Up for 7,514 SF
Gross rent
$162.3K $21.60/SF
− Vacancy
−$11.4K −$1.51/SF
EGI
$150.9K $20.09/SF
− OpEx
−$60.4K −$8.04/SF
NOI
$90.6K $12.05/SF
Area
Cameron County, TX
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,811,300
Cap Rate 7%
$1,293,786
Cap Rate 9%
$1,006,278
Alternative Uses
Best Use
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,565 @ 7.0% cap · market cap 8.31%
Second Best
Office B
$985.4K
$862.2K – $1.15M
NOI $68,979 @ 7.0% cap · market cap 6.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 78552, TX
38,474
Population
16,009
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
48.0 sq mi
ZIP Area
802
Density / Sq Mi
$67,183
Median Household Income
$34,571
Median Earnings
$1,054
Median Rent
$154,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four suites include a contiguous area configured for medical rehabilitation.
Where is this office building located?
The property is located at 8002 W Expressway 83 Harlingen, TX.
What is the asking price?
The asking price for this property is $1,089,530.
What are key features of this property?
This property features: 7,514‑square‑foot office building with four suites; Contiguous space exceeding 5,000 square feet, configured for medical rehabilitation; Built in 2002
