Corner Commercial Lot with
For Sale
Contact for pricing
1561 77 SUNSHINE STRIP, Harlingen, TX 78550
Over 1/2 acre corner lot with existing building.
Property Size1,232 SF
Lot Size0.50 Acres
Price / SF$324.68
Days on Market693
Property Features for 1561 77 SUNSHINE STRIP
General Information
Standard status
Active
Size
1,232 SF
Lot size
0.50 Acres
Property subtype
Special Purpose
Building Details
Year Built
1950
Listing Agency:
RODRIGUEZ PROPERTIES
Listed By:
TONY RODRIGUEZ · License #TX
(956) 456-6653
Source:
Crexi
Added: Nov 13, 2024
Changed: Sep 8
Last Checked: Oct 5 at 3:18PM
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 RODRIGUEZ PROPERTIES
Investment Insights
Based on property information with market context.
This property features a commercial lot with a 1,232 square foot building. The property is located on a corner lot with approximately 194 feet of frontage on Sunshine Strip and 193 feet on 1st Street. Currently used as a Vehicle Inspection Station and Auto Detail Shop, the property offers possibilities for expansion. The property is currently being rented month to month.
Key Highlights
- Prime corner lot location at 77 Sunshine Strip and 1st Street.
- Large 0.5+ acre commercial lot with expansion potential.
- High‑visibility location across from the Texas Department of Motor Vehicles.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,723
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,460
$234.5K
Cap Rate 7%
$167,471
$167.5K
Cap Rate 9%
$130,256
$130.3K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$17.7K $14.40/SF
− Vacancy
−$993 −$0.81/SF
EGI
$16.7K $13.59/SF
− OpEx
−$5.0K −$4.08/SF
NOI
$11.7K $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%
$234,460
Cap Rate 7%
$167,471
Cap Rate 9%
$130,256
Alternative Uses
Best Use
Retail
$167.5K
$146.5K – $195.4K
NOI $11,723 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$82.3K
$72.1K – $96.1K
NOI $5,764 @ 7.0% cap · market cap 1.44%
Theoretical Best
Healthcare Medical
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 40%
Electronics 3%
La Michoacana Meat Market
Groceries
17,787 visits/mo
0.4 miles
Valero Energy
Shops & Services
7,527 visits/mo
0.5 miles
Dollar General
Shops & Services
4,948 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
1,036 visits/mo
0.0 miles
Jackson Hewitt Tax Service
Shops & Services
321 visits/mo
0.2 miles
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
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
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Similar Off Market Nearby
- VAN rental Harlingen — 1 Lodester, Harlingen, TX 78550
- Isidro's Trailer Rentals — 1601 N 77 Sunshine Strip, Harlingen, TX 78550
- U-Haul Neighborhood Dealer — 1601 N 77 Sunshine Strip, Harlingen, TX 78550
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Frequently Asked Questions
What type of property is this?
Automotive property - Over 1/2 acre corner lot with existing building.
Where is this automotive property located?
The property is located at 1561 77 SUNSHINE STRIP Harlingen, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime corner lot location at 77 Sunshine Strip and 1st Street.; Large 0.5+ acre commercial lot with expansion potential.; High‑visibility location across from the Texas Department of Motor Vehicles.
