5505 Expy 77/83 Harlingen, TX 78550
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.