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    2902 W Lincoln Ave Harlingen, TX 78552
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    2902 W Lincoln Ave Harlingen, TX 78552

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    • Commercial land
    For Sale
    $531,300
    View Listing →
    Prime Retail Location Land Lots For Sale
    $531,300

    Prime Retail Location Land Lots

    Commercial land lots in prime retail location for sale.

    2902 W Lincoln Ave, Harlingen, TX 78552
    View Listing
    Property ID
    US82-3186494
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2902 W Lincoln Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    3 lots ranging from 1.22 Acres to 2.05 Acres. Prime retail location. Lots are anchored by Marshall's, Hibbett Sports, Shoe Carnival, Kirkland's, Five Below, & Academy Sports & Outdoors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.7083
    Latitude
    26.183598

    Comparable in this City

    • Contact for pricing

      Land Available Near Expressway 83

      Commercial land with excellent co-tenancy near Expressway 83.
      2802 W Lincoln St, Harlingen, TX 78552
      View Details
    • Contact for pricing

      9.16 Acres on Primera Road

      9.16-acre tract ideal for commercial or residential development.
      0000 Primera Rd, Primera, TX 78552
      View Details
    • Contact for pricing

      21.77 Acres Development Opportunity

      Development opportunity in Harlingen, TX, totaling 21.77 acres.
      Us-Highway77 Frontage, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Land Available Near Expressway 83

      Commercial land with excellent co-tenancy near Expressway 83.
      2822 W Lincoln St, Harlingen, TX 78552
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9.16 Acres on Primera Road

      9.16-acre tract ideal for commercial or residential development.
      0000 Primera Rd, Primera, TX 78552
      View Details
    • Contact for pricing

      21.77 Acres Development Opportunity

      Development opportunity in Harlingen, TX, totaling 21.77 acres.
      Us-Highway77 Frontage, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Land Available Near Expressway 83

      Commercial land with excellent co-tenancy near Expressway 83.
      2822 W Lincoln St, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Land Available Near Expressway 83

      Commercial land with excellent co-tenancy near Expressway 83.
      2806 W Lincoln St, Harlingen, TX 78552
      View Details
    • $1,495,000
      7 SF

      Harlingen Land Investment Opportunity

      7.63-acre property in thriving Harlingen area, ideal for development.
      Adams St, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Harlingen Vacant Land For Sale

      15.60 acres of vacant land in Harlingen, Texas.
      24240 Wilson Rd, Harlingen, TX 78552
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Palm Valley, Texas.
      Bass Pro Dr, Palm Valley, TX 78552
      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 78552
      View Details
    • Contact for pricing
      1,305 SF

      Retail Space on Expressway 83

      Retail space available on Expressway 83 in Harlingen, TX.
      2713-2821 Expressway 83 W, Harlingen, TX 78552
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Available For Lease

      Retail space available for lease in Harlingen, Texas.
      4610 Expressway 83 S, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Retail Space in Stuart Place

      Retail space with high visibility and strong regional accessibility.
      24015 Stuart Place Rd, Primera, TX 78552
      View Details
    • Contact for pricing

      Retail Space in Stuart Place

      Retail space with high visibility and strong regional accessibility.
      24015 N Stuart Place Rd, Harlingen, TX 78552
      View Details
    View Listing
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    2902 W Lincoln Ave
    Harlingen, TX 78552
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    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
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