Flex Building With Two
New
For Sale
$189,900
705 W JACKSON AVE., Harlingen, TX 78550
COMMERCIAL - HARLINGEN, TX
Property Size3,098 SF
Lot Size0.16 Acres
Price / SF$61.30
Days on Market4
Property Features for 705 W JACKSON AVE.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
LOCKHART
Standard status
Active
Lot size
0.16 Acres
Building Details
Year built
1980
Floors in Building
1
Listing Agency:
KELLER WILLIAMS LRGV · Keller Williams Realty
(956) 423-8877
Listed By:
MARK BECERRA · License #0641519
(956) 622-3277
Added: Aug 5
Last Checked: Aug 8 at 9:06AM
MLS# 29778511
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1980-built flex property combines two warehouse areas with dedicated office space. The street-facing warehouse contains 1,232 square feet, while the rear warehouse provides 616 square feet and fronts the alley. The property also includes a 1,250-square-foot office area. The rear warehouse was previously used as a mechanic and paint shop.
Located at 705 W Jackson Ave. in Harlingen, Texas, the property occupies 0.16 acres in Cameron County. Its combination of warehouse and office components supports a range of commercial configurations within a single building.
Located at 705 W Jackson Ave. in Harlingen, Texas, the property occupies 0.16 acres in Cameron County. Its combination of warehouse and office components supports a range of commercial configurations within a single building.
Key Highlights
- 1,232‑square‑foot street‑facing warehouse
- 616‑square‑foot rear warehouse with alley frontage
- 1,250‑square‑foot office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,880
$289.9K
Cap Rate 7%
$207,057
$207.1K
Cap Rate 9%
$161,044
$161.0K
Market Conditions
NOI Build-Up for 3,098 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $7.08/SF
− Vacancy
−$1.2K −$0.40/SF
EGI
$20.7K $6.68/SF
− OpEx
−$6.2K −$2.01/SF
NOI
$14.5K $4.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,880
Cap Rate 7%
$207,057
Cap Rate 9%
$161,044
Alternative Uses
Best Use
Office B
$406.3K
$355.5K – $474.0K
NOI $28,440 @ 7.0% cap · market cap 14.98%
Second Best
Flex RnD
$378.6K
$331.3K – $441.7K
NOI $26,501 @ 7.0% cap · market cap 13.96%
Theoretical Best
Healthcare Medical
$533.4K
$466.8K – $622.3K
NOI $37,340 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Street- and alley-facing warehouse areas are paired with a separate office component.
Where is this flex space located?
The property is located at 705 W JACKSON AVE. Harlingen, TX.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,232‑square‑foot street‑facing warehouse; 616‑square‑foot rear warehouse with alley frontage; 1,250‑square‑foot office space
