Medical-Optimized Office
8002 W Expressway 83 Harlingen, TX 78552
8002 W Expressway 83, Harlingen, TX, 78552
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For Sale
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Four office suites offer a large contiguous space optimized for medical rehabilitation with prime access from the frontage road.
Property Size7,514 SF
Price / SF$145
Days on Market40
Property Features for 8002 W Expressway 83
General Information
- Standard status
- Active
- Size
- 7,514 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Alliance Real Estate Group
(956) 340-4633
Listed by
Fernando Pacheco · License #9003075
Source
Crexi
Added: Jun 13 Updated: Jul 22 at 1:59AM Checked: Jul 22 at 1:59AM
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 Alliance Real Estate Group
Investment Insights
Based on property information with market context.
This versatile commercial building totals 7,514 sq. ft. and is set up as four flexible office suites. A 5,000+ sq. ft. contiguous portion of the property is currently optimized for medical rehabilitation, providing a coherent footprint for related office uses. The remaining space is configured to support additional office investors or multiple tenants within the same building.
The property offers prime accessibility from the frontage road, supporting convenient drive-up access for staff and visitors.
Overall, the building’s suite-based layout and the availability of a large contiguous area make it well-suited for organizations seeking either a dedicated larger space or a multi-suite configuration.
The property offers prime accessibility from the frontage road, supporting convenient drive-up access for staff and visitors.
Overall, the building’s suite-based layout and the availability of a large contiguous area make it well-suited for organizations seeking either a dedicated larger space or a multi-suite configuration.
Key Highlights
- Year built 2002 commercial building with 7,514 sq. ft. total space
- Four flexible office suites, including a 5,000+ sq. ft. contiguous suite optimized for medical rehabilitation
- Contiguous 5,000+ sq. ft. space within the suite for adaptable office or rehabilitation use
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.3k | $21.60 |
| − Vacancy | −$11.4k | −$1.51 |
| EGI | $150.9k | $20.09 |
| − OpEx | −$60.4k | −$8.04 |
| NOI | $90.6k | $12.05 |
7,514 SF · lease $21.60/SF/yr · vacancy 7.00% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Four office suites offer a large contiguous space optimized for medical rehabilitation with prime access from the frontage road.
Where is this office units 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: Year built 2002 commercial building with 7,514 sq. ft. total space; Four flexible office suites, including a 5,000+ sq. ft. contiguous suite optimized for medical rehabilitation; Contiguous 5,000+ sq. ft. space within the suite for adaptable office or rehabilitation use
