6201 Fm 106Harlingen, TX 78550

For Sale
$880,000

10,000 SF, 9% Cap Rate, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A industrial property, located at 6201 FM 106, Unit 10, Harlingen, TX 78550, offers 10,000 square feet of versatile space ideal for distribution, flex, or warehouse operations. Situated on a 1.36-acre lot in Cameron County, this single-story, 2024-built building boasts a 9.00% cap rate and a pro-forma cap rate of 8.80%. The property features one 12' x 14' dock-high door, one loading dock, and a graduated ceiling height ranging from 22' to 25'. Additional features include ten parking spaces and six 12' x 14' grade-level doors. The asking price is $880,000, translating to $88 per square foot. The land value is $1.85 per square foot. The property is currently vacant and zoned for industrial use, offering significant potential for owner-users or investors seeking a NNN lease opportunity. The building's dimensions are approximately 80' x 125'. Access is convenient, with ingress/egress from FM 106 and FM 509, placing it within five minutes of the I-69 corridor and in Harlingen Industrial Park - Phase III. Phase III power is available; water, sewer, trash, and mowing are additional costs. The seller is a general contractor and can accommodate build-to-suit options. The property's Net Operating Income (NOI) is $79,200, with a pro-forma NOI of $77,400. The APN is 207160.

Highlights

  • $880,000 asking price for this 10,000 square foot industrial property.
  • Class A, vacant, 10,000 square foot distribution/flex/warehouse building on a 1.36-acre lot in Harlingen, Texas.
  • 9.00% cap rate, $79,200 NOI (Pro-Forma Cap Rate: 8.80%, Pro-Forma NOI: $77,400).
  • New construction (2024), featuring 22'-25' ceiling heights, one 12' x 14' dock high door, and ten parking spaces.
  • Located at 6201 FM 106, UNIT 10, Harlingen, TX 78550, near the intersection of FM 509 & FM 106, and five minutes from I-69.

Property Details for 6201 Fm 106

Property type
Other warehouses, Other industrial properties
Square Feet
10,000 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
59,242 SF
Units
1

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.190749531299
Longitude
-97.628262047327
6201 Fm 106, Harlingen, Texas

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6201 Fm 106
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