Property profile

1309 Industrial Way Harlingen, TX 78550

OFF-MARKET
Industrial properties
Property ID
US82-0019281
29,676 SF 8.92 ac lot Built 1998
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1309 Industrial Way Harlingen, TX 78550-1751
Harlingen metro Census 10802 BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$760k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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