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Property profile & analytics
OFF-MARKET
Office Spaces

217 Monroe St Harlingen, TX 78550

Built 1930
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a beautifully preserved 1930s-era executive office building located at 217 Monroe Street in the heart of historic downtown Harlingen, Texas, 78550. The property, priced at $450,000, offers four individual suites, currently boasting a fully operational tenant – a bus transit company – occupying one of the suites. This provides immediate cash flow and a stable foundation for future growth. The building's prime location within the vibrant downtown area offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The classic architecture and character of the building provide a unique and desirable workspace. This is a rare chance to acquire a piece of Harlingen's history while securing a strong return on investment. The property's existing lease provides a secure income stream, while the remaining suites present opportunities for further leasing and revenue generation. The building's solid construction and established presence in the community ensure long-term value and stability. This is an ideal investment for those seeking a blend of historical charm and modern business potential in a thriving Texas city. Further details regarding the lease terms and suite specifications are available upon request. Don't miss this chance to own a piece of Harlingen's legacy.

Property profile
Verified
Property type Office Spaces
Year built 1930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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