613 Sesame DrHarlingen, TX 78550

Property Details for 613 Sesame Dr

Year built

1991

Lot size

0.85 AC

Property size (Sq ft)

4,800 SF

Property type

Commercial real estate

APN

23-2620-0010-0010-00

APU

2326200010001000

Description

This exceptional 4,844 square foot commercial property, situated on a 0.85-acre lot at 613 W Sesame Drive in Harlingen, Texas, presents a unique investment opportunity. Conveniently located off Ed Carey Drive with easy access to major roadways and the expressway, this fully renovated building boasts modern amenities and significant cost-saving features. Completely updated in 2021, the space previously served as a medical office and is currently used as a home health and billing office, demonstrating its versatility. The interior features a welcoming lobby/waiting room, a dedicated reception area, ample clerical spaces, multiple private offices, a convenient break room, and four single-stall restrooms. The flooring throughout is attractive ceramic tile designed to mimic the look of wood. A new concrete parking lot is currently under construction, ensuring convenient parking for clients and staff. Further enhancing the property's value is a recently installed solar panel system on the roof, significantly reducing electricity costs. A natural gas-powered generator provides backup power, ensuring uninterrupted operations. For added security, a comprehensive video surveillance system and a fully installed security system are in place. This turnkey property offers a blend of functionality, modern upgrades, and cost-effective features, making it an ideal investment for a variety of commercial uses. The property's prime location and recent renovations make it a highly attractive option for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $908,568

  6.5%

  $838,678

  7%

  $778,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,954

  Geo Method

  $1,090,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,609,070

  Retail / Commercial

  $833,363

  Mixed-Use / Specialty

  $836,886

  Hospitality / Lodging

  $622,452

  Office

  $838,678

  Institutional / Educational

  $872,345

  Residential Income

  $1,020,640

  Multifamily

  $1,188,100

  Automotive / Energy

  $747,724

  Parking / Income-Based Land

  $251,615

  Restaurant / Food Service

  $449,130

  Healthcare / Senior Housing

  $851,552

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1667

Longitude

-97.6813

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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