Corner Retail Storefront
For Sale
$450,000
906 F ST, Harlingen, TX 78550
Open shell storefront on a corner location, zoned GR, with ample on-site parking and convenient expressway access.
Property Size1,600 SF
Price / SF$281.25
Days on Market207
Property Features for 906 F ST
General Information
Standard status
Active
Size
1,600 SF
Property subtype
General Commercial
Zoning
GR
Additional Details
Highway Access
Yes
Amenities
3
City Road.
Building Details
Year Built
1987
Stories
1
Listing Agency:
LEGACY REALTY GROUP RGV
(956) 434-9723
Listed By:
BERTHA DE LA ROSA · License #0531000
(956) 434-9723
Source:
Xome
Added: Jan 12
Changed: Aug 7
Last Checked: Aug 7 at 1:24AM
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 LEGACY REALTY GROUP RGV
Investment Insights
Based on property information with market context.
This corner retail storefront opportunity is offered for sale in Harlingen, TX. The space is presented in an open shell layout, giving the flexibility to customize improvements for retail, office, medical, or service-based uses. The property is positioned to benefit from prominent exposure associated with its corner location.
The site offers convenient access to the Expressway on the I-69E corridor, supporting straightforward customer and employee arrivals. The property is zoned GR (General Retail) and includes ample on-site parking.
With its adaptable open shell configuration and GR zoning, this storefront is well-suited for an owner-operator or investor looking for a commercial space that can be built out to fit a variety of business needs.
The site offers convenient access to the Expressway on the I-69E corridor, supporting straightforward customer and employee arrivals. The property is zoned GR (General Retail) and includes ample on-site parking.
With its adaptable open shell configuration and GR zoning, this storefront is well-suited for an owner-operator or investor looking for a commercial space that can be built out to fit a variety of business needs.
Key Highlights
- Corner commercial property with open shell storefront layout
- Zoned GR (general retail) with flexibility for retail, office, medical, or service use
- Convenient expressway access on the I‑69E corridor in Harlingen, TX
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,284
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,680
$385.7K
Cap Rate 7%
$275,486
$275.5K
Cap Rate 9%
$214,267
$214.3K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$34.6K $21.60/SF
− Vacancy
−$2.4K −$1.51/SF
EGI
$32.1K $20.09/SF
− OpEx
−$12.9K −$8.04/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,680
Cap Rate 7%
$275,486
Cap Rate 9%
$214,267
Alternative Uses
Best Use
Healthcare Medical
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 4.29%
Second Best
Retail
$217.5K
$190.3K – $253.8K
NOI $15,225 @ 7.0% cap · market cap 3.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Open shell storefront on a corner location, zoned GR, with ample on-site parking and convenient expressway access.
Where is this storefront property located?
The property is located at 906 F ST Harlingen, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Corner commercial property with open shell storefront layout; Zoned GR (general retail) with flexibility for retail, office, medical, or service use; Convenient expressway access on the I‑69E corridor in Harlingen, TX
