Highway Frontage Retail
For Sale
Contact for pricing
2597 US HIGHWAY 77, San Benito, TX 78586
Shell building near medical district with parking.
Property Size1,800 SF
Price / SF$111.06
Days on Market988
Property Features for 2597 US HIGHWAY 77
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Special Purpose
Building Details
Year Built
2010
Listing Agency:
RE/MAX ELITE
Listed By:
Karla Miller · License #TX
Source:
Crexi
Added: Feb 7, 2024
Changed: Oct 6
Last Checked: Oct 20 at 7:13PM
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 RE/MAX ELITE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers approximately 1800 square feet of potential business space. Constructed in 2010, the building is an empty shell, allowing for customized build-out to suit specific business needs. It is windstorm certified and features 14 dedicated parking spots, including handicap accessibility. The property is located in close proximity to the Harlingen Medical District, specifically Valley Baptist Hospital, offering a strategic location for various business ventures.
Key Highlights
- Prime location near Harlingen Medical District (Valley Baptist Hospital)
- Substantial 1800 sq ft of customizable business space
- 14 dedicated parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,128
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,560
$342.6K
Cap Rate 7%
$244,686
$244.7K
Cap Rate 9%
$190,311
$190.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$25.9K $14.40/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$24.5K $13.59/SF
− OpEx
−$7.3K −$4.08/SF
NOI
$17.1K $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 Rate 5%
$342,560
Cap Rate 7%
$244,686
Cap Rate 9%
$190,311
Alternative Uses
Best Use
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Stripes
Shops & Services
24,112 visits/mo
0.5 miles
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Shell building near medical district with parking.
Where is this storefront property located?
The property is located at 2597 US HIGHWAY 77 San Benito, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime location near Harlingen Medical District (Valley Baptist Hospital); Substantial 1800 sq ft of customizable business space; 14 dedicated parking spots
