0 Loop 499 Cor Harlingen, TX 78550
This exceptional 5.47-acre commercial land parcel presents a unique investment opportunity in Harlingen, Texas. Situated at the southwest corner of the signalized intersection of Loop 499 (Ed Carey Drive) and Rio Hondo Road, this property benefits from high visibility and accessibility. Its strategic location at the entrance to Valley International Airport and in close proximity to Texas State Technical College (TSTC) ensures significant traffic flow and potential for substantial development. The property is zoned N (Non-Designated), offering flexibility for various commercial uses. The area boasts a strong population base, with TSTC alone reporting 10,689 students and 572 employees in 2018. Nearby educational institutions include Marine Military Academy and Early College High School, further enhancing the area's demographic appeal. Significant employers in the vicinity include Valley International Airport (161 employees), United Launch Alliance (ULI), and Dish Network (883 employees). A new 100-unit townhouse development is currently under construction nearby, indicating a thriving and expanding community. The Texas Department of Transportation reported a daily traffic count of 11,000 vehicles in 2016, highlighting the high traffic volume at this key intersection. This prime location offers unparalleled potential for a wide range of commercial ventures. The property's size and location make it an attractive investment for developers seeking high-impact projects.
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
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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.