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Property profile

5505 Expy 77/83 Harlingen, TX 78550

OFF-MARKET
Office Spaces
1,811 SF Built 2005
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly remodeled, 1,811 square foot medical office condominium located at 5505 S. Expressway 77/83 #201, Harlingen, TX 78550. Situated on the second floor of a medical office building adjacent to Harlingen Medical Center, this property boasts prime visibility and convenient access from the expressway. Built in 2005, the condo features three exam rooms, a spacious office, employee lounge, filing area, nurses' station, and reception area. Currently occupied by a tenant under a newly signed four-year lease, this is an income-producing asset. Water is included in the utilities. The asking price is $259,000. This multi-tenant property offers a strong return on investment within the thriving Harlingen medical community. The property is classified as an office condominium.

Property profile

Verified
Property type Office Spaces
Year built 2005
Total area 1,811 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5505 Expy 77/83 Harlingen, TX 78550
Harlingen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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