Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6949 Business 83 Harlingen, TX 78552-3708

    • Commercial real estate
    • 6,000 SF
    • 21.05 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5749575
    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

    • Gulf Coast Hemp Farm / Food Processing Plant

    Property Details for 6949 Business 83

    Year built
    1994
    Lot size
    21.05 lot acres
    Property size
    6,000 SF
    Property type
    Commercial real estate
    APN
    98-4240-0370-0000-00
    APU
    9842400370000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $659,000
      Market price range: $315k - $1.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.7612
    Latitude
    26.1755
    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
    $8,598
    $548,966
    $73,521
    $622,487
    -
    $548,966
    $73,521
    $622,487

    Comparable in this City

    • Value Estimation by Request
      15.00 Acres

      Bass Pro Dr

      Land • 150,000 SF
      0 Bass Pro Dr, Harlingen, TX 78552
      View Details
    • Value Estimation by Request
      1.22 Acres

      2902 Lincoln Ave

      Land • 1.22 Acres
      2902 Lincoln Ave, Harlingen, TX 78552
      View Details
    • Value Estimation by Request
      1.00 Acre

      Us 7783rd Expy

      COMMERCIAL (GENERAL) • 1.00 Acre
      Us 7783rd Expy, Harlingen, TX 78552
      View Details
    • Value Estimation by Request
      0.05 Acres

      Us Hwy 83s

      COMMERCIAL (GENERAL) • 0.05 Acres
      Us Hwy 83s, Harlingen, TX 78552
      View Details
    • Value Estimation by Request
      1.00 Acre

      28513 Palm Ct Dr

      COMMERCIAL (GENERAL) • 1.00 Acre
      28513 Palm Ct Dr, Harlingen, TX 78552-2454
      View Details
    • Value Estimation by Request
      0.26 Acres

      Spur 54

      COMMERCIAL (GENERAL) • 0.26 Acres
      Spur 54, Harlingen, TX 78552
      View Details

    Similar Nearby for Sale

    • $989,175
      65,945.00 Acres

      Harlingen Commercial Land - 65,945 Acres

      Prime Harlingen location, high-traffic Expwy 83 frontage.
      4102 Expressway 83, Harlingen, TX 78552
      View Details
    • $975,045
      65,003.00 Acres

      Harlingen Commercial Land - 65 Acres

      Prime Harlingen location, ideal for development. High traffic, major retailers nearby.
      4202 Frontage Rd, Harlingen, TX 78552
      View Details
    • $1,750,000

      Harlingen Office Building - $1.75M

      Modern Office w/ Warehouse Space in Texas
      8006 Expressway 83, Harlingen, TX 78552
      View Details
    • Contact for pricing
      15.00 Acres

      Cameron Crossing Retail Center

      Harlingen, TX: Prime Retail Land & Buildings
      0 Bass Pro Dr, Harlingen, TX 78552
      View Details
    • $1,387,800
      51.40 Acres

      Prime Harlingen Farm Land

      51.4 Acres, Excellent Location
      0 Baker Potts Rd, Harlingen, TX 78552
      View Details
    • $531,910
      1.22 Acres

      Harlingen Commercial Land - Prime Retail

      1.22 Acres, High-Traffic Retail Lot, $531,910
      2908 Lincoln Ave, Harlingen, TX 78552
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      15,000 SF

      Harlingen Industrial Warehouse

      15,000 SF Flex Warehouse, New Construction
      1742 Reveille Rd, Harlingen, TX 78552
      View Details
    • Contact for pricing

      Harlingen Retail Plaza - Wilson Rd

      New 2023 Retail Center, Six Suites Available
      3121 Wilson Rd, Harlingen, TX 78552
      View Details
    • $2,250 /Mo

      Commercial Land For Rent

      Prime commercial land available for rent in Harlingen, TX.
      1001 N Ed Carey Dr, Harlingen, TX 78552
      View Details
    • New
      $1,000 /Mo
      960 SF

      Remodeled Retail Shop for Lease

      Remodeled retail shop suitable for various businesses in Harlingen, TX.
      301 Rangerville Rd, Harlingen, TX 78552
      View Details
    • $16 SF/Yr
      9,288 SF

      Harlingen Retail Center - 1 Space Available

      Prime Harlingen retail space, 1,554 sq ft.
      101 Stuart Place Rd, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6949 Business 83
    Harlingen, TX 78552-3708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.