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    Property profile & analytics

    618 Van Buren Ave Harlingen, TX 78550

    • Commercial real estate
    • 5,000 SF
    • 0.16 lot acres
    For Sale
    View listing
    $259,900
    Value Estimation
    Location Intelligence
    Property ID
    US83-4246493
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mike's Plumbing Electrical Inc. / Plumber

    Property Details for 618 Van Buren Ave

    Year built
    1979
    Lot size
    0.16 lot acres
    Property size
    5,000 SF
    Property type
    Commercial real estate
    APN
    15-0000-0640-0210-00
    APU
    1500000640021000

    Description

    This exceptional commercial property at 618 E Van Buren Avenue, Harlingen, TX, presents a remarkable investment opportunity. Spanning 11,350 square feet across three stories, this building sits on a 0.16-acre lot and offers immense potential for redevelopment. Existing design plans detail the conversion into 12-16 residential units, ideal for apartments, Airbnbs, or corporate housing, complete with a laundry facility. The property benefits from a recently installed roof (2022), ensuring long-term cost savings and peace of mind. A key advantage is the inclusion of the adjacent lot at 614 E. Van Buren Avenue in the sale, providing additional land for expansion or future development. The property's prime location in Harlingen, TX, offers easy access to local amenities and transportation networks. This is a rare chance to acquire a substantial commercial property with significant upside potential, ready for immediate transformation into a thriving residential complex. The existing structure provides a solid foundation for a lucrative venture, offering a blend of convenience, functionality, and significant return on investment. The inclusion of the adjacent lot adds considerable value and flexibility for future expansion or development. This is a truly unique opportunity not to be missed.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $330,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $320,000
      Mixed-Use
      $305,000
      Hospitality
      $280,000
      Educational
      $375,000
      Residential Income
      $285,000
      Energy
      $290,000
      Income-Based Land
      $345,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.7019
    Latitude
    26.192
    CBSA code
    15180
    CBSA name
    BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,054
    $21,000
    $201,392
    $222,392
    -
    $21,000
    $201,392
    $222,392

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    618 Van Buren Ave
    Harlingen, TX 78550
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    Realmo Value Estimation

    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.

    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.

    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
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