Harlingen Retail Property For
810 Morgan Blvd, Harlingen, TX
For Sale
Contact for pricing
Retail property with drive-through, great visibility, and strong demographics.
Property Size1,600 SF
Lot Size0.29 Acres
Price / SF$251.25
Days on Market630
Property Features for 810 Morgan Blvd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Mark Ruble · License TX SA550593000
(602) 770-2935
Source:
Moodyscre
Added: Feb 18, 2025
Changed: Aug 8
Last Checked: Jul 25 at 9:09AM
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 Marcus & Millichap | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property has over four years remaining on a double-net lease. Rental increases are scheduled for 7.5% in 2027, and 15% in the option period. The location benefits from high visibility, with nearly 25,000 cars per day near the intersections of Morgan Boulevard and North 77 Sunshine Strip. The surrounding area has a substantial residential base, with 91,490 residents within a 5-mile radius. The households and population in the surrounding area are projected to increase approximately 5+% by 2028. The property includes a drive-through.
Key Highlights
- Double‑Net (NN) Lease with 4+ Years Remaining
- High Traffic Location: Visible to nearly 25,000 Cars Per Day
- Drive‑Through Location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,312
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,240
$326.2K
Cap Rate 7%
$233,029
$233.0K
Cap Rate 9%
$181,244
$181.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$23.0K $14.40/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$21.7K $13.59/SF
− OpEx
−$5.4K −$3.40/SF
NOI
$16.3K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,240
Cap Rate 7%
$233,029
Cap Rate 9%
$181,244
Alternative Uses
Best Use
Specialty Retail
$233.0K
$203.9K – $271.9K
NOI $16,312 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$217.5K
$190.3K – $253.8K
NOI $15,225 @ 7.0% cap · market cap 3.79%
Theoretical Best
Healthcare Medical
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
212k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 29%
Groceries 23%
Apparel 9%
H-E-B
Groceries
49,158 visits/mo
0.2 miles
McDonald's
Dining
37,176 visits/mo
0.2 miles
H-E-B Fuel
Shops & Services
20,314 visits/mo
0.1 miles
Melrose
Apparel
19,871 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,741 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Retail property with drive-through, great visibility, and strong demographics.
Where is this drive through restaurant located?
The property is located at 810 Morgan Blvd Harlingen, TX.
What is the asking price?
The asking price for this property is $402,000.
What are key features of this property?
This property features: Double‑Net (NN) Lease with 4+ Years Remaining; High Traffic Location: Visible to nearly 25,000 Cars Per Day; Drive‑Through Location
