Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale in Pharr Title is generated by Realmo AI

    1005 Wesley Street, Pharr, TX 78577

    View on Map
    Claim this Listing
    For Sale
    $135,000

    LAND - Pharr, TX

    Lot size:
    0.23 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    52
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 1005 Wesley Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    A570800000002800
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1200

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Francisco Javier Rivas

    Listing agent Francisco Javier Rivas License #494670

    Listing office RE/MAX Platinum 1200 Auburn Ave Suite 285 Suite 220, McAllen, TX

    Listing date Apr 1, 2026

    MLS# 488040 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Immediate distance to Expressway 281/83
    • Highly sought location
    • Close proximity to hospitals
    • Close proximity to shopping
    • Close proximity to the airport
    • Public water source

    Overview

    This property is a 0.2314-acre land located in Pharr, Texas. The site is located in close proximity to Expressway 281/83, hospitals, shopping areas, and the airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1914
    Latitude
    26.1569

    Nearby Similar for Sale

    • $499,000
      3,823 SF

      Former Restaurant with Commercial Kitchen

      Well-located commercial property ideal for restaurant, retail, or redevelopment.
      6701 S Jackson Road, Pharr, TX 78577
      View Details
    • $590,000
      4,280 SF

      Pharr Commercial Property For Sale

      Turn-key commercial property suitable for medical, daycare, or professional use.
      819 E Eller Avenue, Pharr, TX 78577
      View Details
    • $1,290,000
      5,766 SF

      Pharr Commercial Opportunity on I-2

      Prime commercial property with high visibility and redevelopment potential.
      507 E Interstate 2, Pharr, TX 78577
      View Details
    • $1,200,000
      8,674 SF

      Prime Corner Commercial Property

      Highly visible corner location in Pharr, Texas, suitable for various businesses.
      301 N Cage Boulevard, Pharr, TX 78577
      View Details
    • $1,250,000
      6,264 SF

      Pharr Commercial Investment Opportunity

      High-visibility commercial property on a busy corridor with immediate access.
      1000 N Cage Boulevard, Pharr, TX 78577
      View Details
    • $370,000
      3,744 SF

      Gated 4-Plex in Pharr, TX

      Four identical units, each with 2 beds and 2 baths.
      2216 N Dahlia Street, Pharr, TX 78577
      View Details
    • $380,000
      3,732 SF

      Pharr Fourplex: Investment Opportunity

      Well-maintained fourplex near Jackson, offering strong income potential.
      3603 Sheraton Avenue, Pharr, TX 78577
      View Details
    • $275,000
      512 SF

      Pharr Commercial Opportunity For Sale

      Commercial property in Pharr, TX, suitable for auto-related operations.
      206 W Dicker Drive, Pharr, TX 78577
      View Details
    • $396,000
      3,640 SF

      Pharr Fourplex: Income-Generating Property

      Well-maintained fourplex in prime location near shopping and expressway.
      2205 N Erica Street, Pharr, TX 78577
      View Details
    • $445,000
      4,320 SF

      Pharr Multifamily Investment Opportunity

      Four-unit property with income potential near shopping and expressway.
      3801 S Radisson Avenue, Pharr, TX 78577
      View Details
    • $425,000
      4,396 SF

      Pharr Multi-Family Investment Opportunity

      Four-unit multi-family property in a gated community, fully leased.
      3701 S Embassy Avenue, Pharr, TX 78577
      View Details
    • $760,000
      7,998 SF

      Leased Apartment Complex in Pharr

      Fully leased 9-unit apartment complex with upside potential.
      8005 Cisne Street, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Specialty property - Land in a sought-after location near Expressway 281/83.
    Where is this specialty property located?
    The property is located at 1005 Wesley Street Pharr, TX.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Immediate distance to Expressway 281/83; Highly sought location; Close proximity to hospitals
    (956) 789-8464
    We can help!
    Listing Contact
    Francisco Javier Rivas
    Real Estate License ID: 494670
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1005 Wesley Street, Pharr, TX 78577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!