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    618 Van Buren Ave Harlingen, TX 78550

    Sponsored
    For Sale
    $279,000

    5,000 SF Vacant Industrial Building, High Cap Rate

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5,000-square-foot industrial property in Harlingen, Texas, presents a compelling redevelopment opportunity for owner-users. Located at 618 W Van Buren Ave, 78550, this single-story, Class B building sits on a 6,580-square-foot lot and boasts a 16.34% cap rate with a Net Operating Income (NOI) of $45,600. Built in 1979 and renovated in 2000, the property features a 11.5-foot ceiling height and includes four parking spaces. The layout comprises approximately 1,800 square feet of retail storefront space, 1,325 square feet of office and supply room, and 1,875 square feet of warehouse space with a 12' x 10' roll-up door. A secured 20' x 17' area within the warehouse provides additional storage. An adjacent fenced outdoor area (50' x 40') with a concrete slab is accessible from the warehouse and an alleyway. The property is zoned for commercial use and is currently vacant, offering immediate occupancy for a new business. The asking price is $279,000, translating to $55.80 per square foot. The land value is $0.32 per square foot. Rent bumps are permitted. This property is ideal for a business seeking a move-in ready space with potential for customization. The property's former use was as a plumbing company. The building has one unit.

    Property Features for 618 Van Buren Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    5,000 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1979/2000
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $279,000 asking price for this 5,000 SF industrial property.
    • Vacant, 5,000 SF building on a 6,580 SF lot in Harlingen, TX.
    • 16.34% cap rate with a $45,600 NOI.
    • Owner‑user redevelopment opportunity, Class B, with a Net Net lease structure.
    • Features 11.5' ceilings and 4 parking spaces.
    • Built in 1979, renovated in 2000, zoned commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mike's Plumbing Electrical ... Plumber

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.701958479575
    Latitude
    26.191693635749

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    FAQs

    What type of property is this?
    Distribution property - 5,000 SF Vacant Industrial Building, High Cap Rate
    Where is this distribution property located?
    The property is located at 618 Van Buren Ave Harlingen, TX.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: $279,000 asking price for this 5,000 SF industrial property.; Vacant, 5,000 SF building on a 6,580 SF lot in Harlingen, TX.; 16.34% cap rate with a $45,600 NOI.
    Request Owner's contact information
    618 Van Buren Ave Harlingen, TX 78550
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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
    618 Van Buren Ave Harlingen, TX 78550
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