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    Property profile & analytics
    OFF-MARKET Estimated value $1,425,000
    Industrial properties

    1309 Industrial Way, Harlingen, TX 78550-1751

    29,676 SF 8.92 ac lot Built 1998
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-0019281
    Property summary
    AI-generated overview

    This exceptional Harlingen, Texas industrial property, located at 1309 Industrial Way, offers 42,100 square feet of versatile space ideal for manufacturing, flex, warehouse, or distribution operations. Situated on a generous 8.92-acre lot, this Class B building boasts two stories, with 29,068 square feet on the first floor and an additional 8,932 square feet on the second. A separate 4,100-square-foot warehouse is also included on the site, providing ample storage capacity. The property features robust infrastructure, including 3-phase 120/480-volt power with a 2500 KVA distribution system, six loading docks (two dock high, four grade level), two drive-in doors, and 40 parking spaces. The building's impressive features also include a 45-foot ceiling height, a recently replaced 60-mil TPO roof (June 2023, 10-year warranty), and a 15-ton overhead crane. Office space comprises a reception area, three private offices, a break room, a locker room, an upstairs conference room, and a mezzanine with additional offices and storage. The property's zoning is Industrial, and its APN is 416294. Built in 1998 and renovated in 2003, this property presents a significant opportunity in the Rio Grande Valley submarket. Currently, 45,181 square feet is available for lease. Full construction plans are available upon request. The property is conveniently located near Grimes Road and benefits from a 500-foot frontage on Industrial Way. Taxes are $1.20 per square foot.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1998
    Total area 29,676 SF
    Lot 8.92 ac (388,555 SF)
    APN 98-2088-0010-0030-00
    UPID US82-0019281
    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
    Current use
    Occupant on record · Public records
    • IAI, International Assembly LLC Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.37M
    Blend (final) Blend
    $1.43M
    Owner & transaction history
    Hgi Opportunity LLC · 2 yrs held
    Hgi Opportunity LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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