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    722 Morgan Blvd Harlingen, TX 78550

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    For Lease
    Contact for pricing

    Prime Harlingen Office Space, Multiple Suites Available

    Lot size:
    50,000 SF

    Property Features for 722 Morgan Blvd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Class
    B
    Total Rate
    39000

    Building Details

    Year Built/Renovated
    2023/2000
    Buildings
    3
    Stories
    1

    Spaces For Lease

    at 722 Morgan Blvd, Harlingen, TX 78550 Contact us
    Unit Suite V

    $18 /Mo

    Size
    650 SF
    Contact us
    Unit Suite R

    $18 /Mo

    Size
    1,260 SF
    Contact us
    Unit Suite 102

    $18 /Mo

    Size
    1,100 SF
    Contact us
    Unit Space Y

    $18 /Mo

    Size
    535 SF
    Contact us
    Unit Space B

    $18 /Mo

    Size
    300 SF
    Contact us
    Unit Warehouse

    $9 /Mo

    Size
    1,600 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Cynthia Hopkins
    Cynthia Hopkins

    Listing Agency: CHRE Cindy Hopkins Real Estate Listing Agent: Cynthia Hopkins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Harlingen, Texas commercial property, located at 722 MORGAN BLVD, offers 50,000 square feet of versatile office and flex space across three single-story buildings. Built in 2023 with renovations completed in 2000, this Class B property sits on a 10-acre lot (20 acres total land) and boasts a convenient location near 77 Sunshine Strip. The complex features 200 parking spaces, individual unit entrances, and a shared break room with vending machines. Suite sizes range from 300 to 1,600 square feet, catering to diverse business needs. One available suite includes a 1,600 sq ft warehouse with three 12' x 12' grade-level doors, office space, restroom, storage, and 14' clear height, plus a dedicated parking space. The property is zoned commercial and features a 12-foot ceiling height. Taxes are $0.71 per square foot. Utilities are single-phase power; elevators are not available. The property's central location provides easy access to local restaurants, retail, and community services. This well-maintained complex is ideal for businesses seeking flexible and functional office space in the Rio Grande Valley's Harlingen submarket. The APN is 168120-0010-003000, located in Cameron County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Massage By Lily Alternative Medicine Practice Ander Behavioral Center Counselor LaPaz LLC Crisis Center Law Firm of Jennifer ... Law Firm Harlingen Books Business Service Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    CAMERON
    State
    Texas
    Longitude
    -97.678516801075
    Latitude
    26.199515761004

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    FAQs

    What type of property is this?
    Flex space - Prime Harlingen Office Space, Multiple Suites Available
    Where is this flex space located?
    The property is located at 722 Morgan Blvd Harlingen, TX.
    What is the lease rate?
    The lease rate is $9-$18 SF/Yr.
    What are key features of this property?
    This property features: 50,000 SF Special Purpose property with Traditional Office and Flex space.; Multiple tenancies available, ranging from 300 SF to 1,600 SF.; Located on 20 acres in Harlingen, within the Rio Grande Valley submarket.
    (956) 778-3255 Call to check price and availability
    Request Owner's contact information
    722 Morgan Blvd Harlingen, TX 78550
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    Harlingen, TX 78550
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    722 Morgan Blvd Harlingen, TX 78550
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cynthia Hopkins
    Cynthia Hopkins
    Real Estate License ID: 0508052
    (956) 778-3255
    Learn more
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