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    1742 Reveille Rd Harlingen, TX 78552

    Sponsored
    For Sale
    $1,295,000

    15,000 SF Warehouse, $1.3M, 9% Cap Rate

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A industrial warehouse, situated on a 2.41-acre lot in Harlingen, Texas, presents a compelling owner-user or investment opportunity. Completed in 2024, the 15,000-square-foot building boasts a single story, 25-foot graduated ceiling height, and six dock-high doors. The property features ample parking (15 spaces per 1,000 sq ft) and is conveniently located a quarter-mile from Interstate 69E, providing easy access to major transportation routes. Currently vacant, this NNN-leased property offers a pro-forma NOI of $116,550 and a pro-forma cap rate of 9.00%, representing a strong return on investment. The asking price is $1,295,000 ($84/sq ft), with a land value of $2.10 per square foot. The warehouse dimensions are approximately 120' x 125', and the property is zoned for industrial use. The building includes approximately 1,200 square feet of office space and two sets of restrooms, with an additional warehouse restroom. Future rent bumps are included in the lease terms. This property is part of the Reveille Industrial Park, a development featuring twelve industrial lots. The seller is a general contractor and can accommodate build-to-suit options to meet specific business needs. An adjacent 1.69-acre lot is also available for purchase, providing potential for expansion. The property's address is 1742 Reveille Rd, Harlingen, TX 78552. The APN reflects new construction.

    Property Features for 1742 Reveille Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Class
    A
    Lot Size
    104,980 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,295,000 asking price for this 15,000 SF Class A industrial warehouse.
    • Located in Harlingen, TX, at 1742 Reveille Rd, on a 2.41‑acre lot.
    • New construction (2024), offering 25' graduated ceiling height and six dock‑high doors.
    • Features 15 parking spaces per 1,000 sq ft and is situated ¼ mile from Interstate 69E.
    • NNN lease, with a pro‑forma cap rate of 9.00% and pro‑forma NOI of $116,550.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Harlingen
    County
    CAMERON
    State
    Texas
    Longitude
    -97.7634019
    Latitude
    26.1862754

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Warehouse, $1.3M, 9% Cap Rate
    Where is this distribution property located?
    The property is located at 1742 Reveille Rd Harlingen, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: $1,295,000 asking price for this 15,000 SF Class A industrial warehouse.; Located in Harlingen, TX, at 1742 Reveille Rd, on a 2.41-acre lot.; New construction (2024), offering 25' graduated ceiling height and six dock-high doors.
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    1742 Reveille Rd Harlingen, TX 78552
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    Harlingen, TX 78552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1742 Reveille Rd Harlingen, TX 78552
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