Building Details

Year built 1995

Floors in Building 1

Listing Agency: MARCUS PHIPPS REAL ESTATE, LLC m***@harlingenhomes.com Show Phone

Listed By: PAULINE ZUROVEC · License #568880 Show Phone

Added: Jul 26 Changed: Oct 19 Last Checked: Oct 29 at 6:06PM

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MLS# 29778224

Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,200-square-foot flex property, built in 1995, combines a 1,500-square-foot showroom with approximately 700 square feet of garage and warehouse area. A rear overhead door measuring 7.5 feet by 12 feet supports access to the service portion of the building.

The property occupies a 0.16-acre site at the corner of S 77 Sunshine Strip and Little Creek in Harlingen, Texas. The building is leased through December 31, 2026, providing an existing occupancy arrangement for the purchaser.

Key Highlights

• 2,200‑square‑foot flex property on a 0.16‑acre site
• 1,500‑square‑foot showroom
• Approximately 700 square feet of garage and warehouse area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,934

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$418,680 $418.7K

Cap Rate 7%

$299,057 $299.1K

Cap Rate 9%

$232,600 $232.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$31.7K $14.40/SF

− Vacancy

−$1.8K −$0.81/SF

EGI

$29.9K $13.59/SF

− OpEx

−$9.0K −$4.08/SF

NOI

$20.9K $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%

$418,680

Cap Rate 7%

$299,057

Cap Rate 9%

$232,600

Alternative Uses

Best Use

Retail

$299.1K

$261.7K – $348.9K (±1% cap)

NOI $20,934 @ 7.0% cap · market cap 5.74%

Second Best

Flex RnD

$268.8K

$235.2K – $313.7K (±1% cap)

NOI $18,819 @ 7.0% cap · market cap 5.16%

Theoretical Best

Healthcare Medical

$378.8K

$331.5K – $441.9K (±1% cap)

NOI $26,516 @ 7.0% cap · market cap 7.26%

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

Intoxalock Ignition Interlock Building Supply Xtreme Auto Sound Electronics & Wireless Store

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Grocery & Convenience Store Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,098

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Corner commercial property combining showroom space with rear garage and warehouse functionality under an existing lease.

Where is this flex space located?

The property is located at 925 S 77 SUNSHINE STRIP Harlingen, TX.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: 2,200‑square‑foot flex property on a 0.16‑acre site; 1,500‑square‑foot showroom; Approximately 700 square feet of garage and warehouse area