Property profile

1500 Harrison Ave Harlingen, TX 78550

OFF-MARKET
Commercial real estate
Property ID
US82-2071411
18,018 SF 2.88 ac lot Built 1947
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents the Historic Holsum Bakery Marketplace, a fully leased, multi-tenant retail property located in Harlingen, Texas. The property comprises three buildings totaling 36,850 square feet on approximately four acres of land, situated at the high-traffic corner of W Harrison Ave and S L St, boasting excellent visibility and accessibility. With over 20,000 vehicles passing daily, this prime location offers significant potential for continued growth and strong returns. The property features six tenants, including a prominent Buffalo Wild Wings, along with Tone Up Health & Fitness, All Star Cleaners, Blanquita's Restaurant, The House Club Poker, and Blonde Tourage. The current Net Operating Income (NOI) is $411,371, resulting in a compelling 7.48% capitalization rate. The asking price is $5,500,000, translating to $149.25 per square foot. The property benefits from six curb cuts and features a triple-net (NNN) lease structure with built-in rent bumps. This well-established, multi-building complex offers a rare opportunity to acquire a high-performing retail asset in a thriving Texas market. The 36,466 square feet of net rentable space is currently fully occupied, providing immediate cash flow and long-term stability. This is an ideal investment for those seeking a strong, diversified portfolio addition with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1947
Total area 18,018 SF
Lot 2.88 ac (125,383 SF)
Zoning code C
APN 18-7400-0000-0010-00
UPID US82-2071411

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
  • Atm
  • Gym & Fitness Center
  • General Contractor
  • Restaurant

Location

1500 Harrison Ave Harlingen, TX 78550-6026
Harlingen metro Census 10900 BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.81M
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$2.73M

Owner & transaction history

Zoning & alternative use

C · Harlingen, TX

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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