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:
Alliance Real Estate Group
Listed By:
Monica M Rodriguez Garza · License #9003075
(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 Alliance Real Estate Group
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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
