Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1705 77 Sunshine Strip Blvd Harlingen, TX 78550
    Back to Search
    Property profile & analytics

    1705 77 Sunshine Strip Blvd, Harlingen, TX 78550

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1705 77 Sunshine Strip Blvd

    Year built
    1976
    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 1705 N 77 Sunshine Strip Boulevard N in Harlingen, Texas, presents a unique investment opportunity. Spanning 12,083.98 square feet, this property offers significant potential for various commercial ventures. The lot is situated in Cameron County, Texas, zip code 78550, and boasts convenient access to major roadways. The property's address is clearly identified as being adjacent to a carwash, but the carwash itself is not included in this sale. Built in 1976, this land offers a blank canvas for developers and entrepreneurs seeking a strategic location in a thriving Texas market. The asking price is $185,000. This represents a compelling opportunity to acquire a substantial commercial lot in a desirable area of Harlingen. Serious inquiries are encouraged to explore the possibilities this property offers. The coordinates for the property are 26.2094648 latitude and -97.6992663 longitude. This prime location provides excellent visibility and accessibility, making it an ideal site for a variety of commercial uses. Don't miss this chance to secure a valuable piece of Harlingen real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6993
    Latitude
    26.2095

    Comparable in this City

    • Value Estimation by Request
      0.85 Acres

      401 Camelot Dr

      Land
      401 Camelot Dr, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      43,647 SF

      406 Commerce St

      Individual retail properties
      406 Commerce St, Harlingen, TX 78550
      View Details
    • Value Estimation by Request

      Expressway 77

      Land
      0 Expressway 77, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      2.80 Acres

      24514 Fm 508

      Land
      24514 Fm 508, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      13.00 Acres

      32513 El Preseno Rd

      Land
      32513 El Preseno Rd, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      3.00 Acres

      802 Tx-499 Loop

      Land
      802 Tx-499 Loop, Harlingen, TX 78550
      View Details

    Similar Nearby for Sale

    • $75,000
      0.14 Acres

      Vacant Lot in Harlingen, TX

      Vacant commercial lot with utilities in Harlingen, Texas.
      1 Buena Vis St, Harlingen, TX 78550
      View Details
    • $365,000
      10.00 Acres

      Harlingen Land For Sale

      Unimproved land in a great location in Harlingen, Texas.
      Bass Blvd, Harlingen, TX 78550
      View Details
    • $420,000
      5.00 Acres

      Harlingen Land Investment Opportunity

      Five acres of land in Harlingen, Texas, for sale.
      825 E Vinson Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Land with Development Potential

      Land suitable for development near upcoming municipal complex.
      18561 Primera Rd, Harlingen, TX 78550
      View Details
    • $400,000
      1,232 SF

      over 1\/2 Acre Corner Commercial Lot with a 1232 sq. ft. building to boot!!! Plenty of room for expansion. It's located at the corner of 77 Sunshine Strip and 1st Street

      across from the Texas Department of Motor Vehicles. Property has approx. 194 feet of frontage on Sunshine Strip and 193 feet on 1st Street. Currently
      1561 77 Sunshine Strip, Harlingen, TX 78550
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,500 SF

      Harlingen Office Building For Sale

      Prime Downtown Harlingen Office Space
      1610 Harrison Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Land For Rent Harlingen

      Land available for rent in Harlingen, Texas.
      1525 W Tyler Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Harlingen Land For Lease

      Single tenant land available for lease in Harlingen, Texas.
      4703 Expressway 83 S, Harlingen, TX 78550
      View Details
    • $11 SF/Yr
      2,800 SF

      Harlingen Flex Space: Prime Location

      Versatile Commercial Space, Ample Parking
      211 Jefferson Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Remodeled Multi-Use Space Available

      Remodeled space suitable for offices, church, or retail.
      102 E Jackson St, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Prime commercial land available for rent in Harlingen, TX.
      1001 N Ed Carey Dr, Harlingen, TX 78550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1705 77 Sunshine Strip Blvd
    Harlingen, TX 78550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1705 77 Sunshine Strip Blvd, Harlingen, TX, 78550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!