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$499,000

$550,000

205 N Loop 499, HARLINGEN, TX, 78550

On MarketInfo
CommercialInfo
Price DropInfo
Baths0 Bath
Baths2,592 Sq Ft
price_per_sqft$192.52 / sqft
Year BuiltBuilt in 2004

Highlights

Interior

Bathrooms 0Bathrooms 0
AppliancesElectric Water Heater
FlooringConcrete, Tile

Exterior

Lot Size43,383 sqft

Building Information

Year Built2001
Stories1
Roof Type114

Land Information

APN18-4071-0010-0010-00
Lot Number1
SubdivisionA & R Subdivision
Land UseCommercial
Legal DescriptionA & R SUBDIVISION LOT 1 BLK 1 (CAB 1 SLOT 1974-B CCMR)
Census Tract010802
Assessed Land Value$173,530
Assessed Improvement Value$292,453
Assessment Year2025

About this property

Introducing a prime investment opportunity at 205 N Loop 499, Harlingen, TX. This meticulously maintained free-standing building boasts +/- 2,652 SF of versatile space, comprising 2 units. Former Dip Stiks Lube Facility includes Sales Office and Customer Reception with additional Upstairs Office and adjacent bonus retail store as well as two (2) oil changing bays and lifts. Built in 2004 and recently renovated in 2025, the property offers modern amenities and a fresh appeal. Zoned C, this property is perfectly positioned on a +/- 1 acre concrete lot with three (3) ingress/egress points, strategically located at the intersection of Loop 499 and FM 106, just 2 miles from Valley International Airport. Approximate Lot Dimensions are 185' x 233', 16' Clear Height, (2) 650-Gallon Tanks, Compressor, Vacuum and 25' Illuminated Pylon Sign. Fully landscaped and move-in ready for same-type user or retrofitted for single user.

Investor Tools

$424,188Estimated Mortgage Balance
$43,171Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Cynthia Hopkins

CHRE Cindy Hopkins Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$946/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,026
$465,983
2025
$173,530
$292,453
$465,983
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,026
$465,983

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jasb Holdings Llc
Purchase Money Mortgage
$440,000
No
First
Jun 20, 2024
Jun 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$424,188
$41,795
8%
91%
$2,639/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: HARLINGEN

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205 N Loop 499 | Property Details | No Agent List