Flex Space With Two
For Sale
$189,900
705 W Jackson St, Harlingen, TX 78550
Combines warehouse areas with office space for a flexible commercial layout.
Property Size3,098 SF
Price / SF$61.30
Days on Market14
Property Features for 705 W Jackson St
General Information
Standard status
Active
Size
3,098 SF
Additional Details
Office Build-Out
1,250 SF
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,259
Building Details
Buildings
1
Listing Agency:
Keller Williams LRGV
(956) 622-3277
Listed By:
Mark A. Becerra · License #0641519
(956) 622-3277
Source:
Exprealty
Added: Aug 5
Changed: Aug 15
Last Checked: Aug 17 at 9:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams LRGV
Investment Insights
Based on property information with market context.
This flex-space property combines two warehouse areas with an office component, creating a mixed commercial layout at 705 W Jackson St in Harlingen, TX. The street-facing warehouse contains 1,232 square feet, while the rear warehouse provides 616 square feet and faces the alley. Together, the warehouse areas total 1,848 square feet.
The property also includes 1,250 square feet of office space that can support administrative functions. The rear warehouse was previously used as a mechanic and paint shop, while the office area was used as living quarters during a home remodeling project. Total property size is 3,098 square feet.
The property also includes 1,250 square feet of office space that can support administrative functions. The rear warehouse was previously used as a mechanic and paint shop, while the office area was used as living quarters during a home remodeling project. Total property size is 3,098 square feet.
Key Highlights
- Two warehouse areas total 1,848 square feet
- Street‑facing front warehouse contains 1,232 square feet
- Rear warehouse offers 616 square feet and faces the alley
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
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,761
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 - Combines warehouse areas with office space for a flexible commercial layout.
Where is this flex space located?
The property is located at 705 W Jackson St 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: Two warehouse areas total 1,848 square feet; Street‑facing front warehouse contains 1,232 square feet; Rear warehouse offers 616 square feet and faces the alley
