Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1015 Minnesota Ave Pharr, TX 78577

    Sponsored
    For Lease
    $1,500 /Mo ($4 SF/Yr)

    Commercial - Pharr, TX

    Property size:
    3,960 SF
    Lot size:
    2.84 Acres
    Days on Market:
    191
    Last Refresh:
    Jan 21 at 7:06 am

    Property Features for 1015 Minnesota Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    K240000000008903
    Parking
    8
    Parking features
    Other
    Size
    3,960 SF
    Lot size
    2.84 Acres

    Building Details

    Year built
    1988
    Architectural style
    Other

    We can help!

    Listing Contact
    Antonio Gabriel Villeda

    Glass House Realty, LLC (956) 331-9329 [email protected]

    Listing agent Antonio Gabriel Villeda (956) 331-9329

    Listing date Jul 15, 2025

    MLS# 476031 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.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Growing Area

    This property offers a 2392-square-foot blank slate building available for rent. The space allows for buildout to meet specific needs, with a potential rebate from the owner based on upgrades. The property requires AC installation and other aesthetic improvements. It is situated in a fast-growing and well-located area, presenting an opportunity for businesses looking to establish themselves and expand. The location includes ample parking and security features, along with a separate room and bathroom. The lot size is 2.84 acres, and the property size is 3960 square feet. The property is located in Pharr, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.192069
    Latitude
    26.241602

    Nearby Similar for Lease

    • $19,680 /Mo
      17,392 SF

      Pharr Industrial Property with Rail

      Versatile industrial space with private rail access in Pharr.
      100 N Dogwood St, Pharr, TX 78577
      View Details
    • $600 /Mo
      3,036 SF

      Pharr Office Suites For Lease

      Office suites for lease with included amenities and utilities.
      1431 Polk Ave, Pharr, TX 78577
      View Details
    • $5,490 /Mo
      2,990 SF

      Restaurant Space For Lease

      Restaurant for lease in high-traffic location near Expressway 281.
      805 E Ferguson Ave, Pharr, TX 78577
      View Details
    • $6,000 /Mo
      3,025 SF

      Retail Space in Prime Location

      3,022 sq ft retail space in high-visibility location.
      1519 S Jackson Rd, Pharr, TX 78577
      View Details
    • $2,812 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space ideal for retail, office, or industrial.
      3550 N Birch St, Pharr, TX 78577
      View Details
    • $2,812 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space suitable for retail, office, or industrial.
      3550 N Birch St, Pharr, TX 78577
      View Details
    • Contact for pricing
      300,160 SF

      Class A Warehouse in Pharr

      300,160 SF Class A warehouse near US 281.
      E Hi Line Rd, Pharr, TX 78577
      View Details
    • $35 SF/Yr
      14,200 SF

      Retail Destination in Pharr Town Center

      Dynamic retail and entertainment destination in the Rio Grande Valley.
      1301 N Jackson Rd, Pharr, TX 78577
      View Details
    • Contact for pricing
      100,000 SF

      Pharr Industrial Warehouse Space Available

      100,000 SF industrial warehouse near Pharr International Bridge.
      300 E Capote Central Ave, Pharr, TX 78577
      View Details
    • $2.00 SF/Yr
      5,115 SF

      Pad Site on McColl Road

      0.44-acre pad site suitable for various professional uses.
      4101 N Mccoll Rd, Pharr, TX
      View Details
    • $0.74 SF/Yr
      75,000 SF

      Pharr Warehouse Near Border

      75,000 SF Class A warehouse near Pharr International Bridge.
      890 E Military Hwy, Pharr, TX 78577
      View Details
    • $1.60 SF/Yr
      6,000 SF

      New Flex Space Warehouse

      New construction flex space in prime McAllen location.
      1520 N Jackson Road-Pre, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Retail space - Blank slate retail space with buildout potential in Pharr, TX.
    Where is this retail space located?
    The property is located at 1015 Minnesota Ave Pharr, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - 2392 SF blank slate building ready for custom buildout.; - Rebate offered by owner for upgrades.; - Located in a fast-growing, well-located area.
    (956) 331-9329
    Request Owner's contact information
    1015 Minnesota Ave Pharr, TX 78577
    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.
    1015 Minnesota Ave
    Pharr, TX 78577
    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
    1015 Minnesota Ave Pharr, TX 78577
    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

    We can help!
    Listing Contact
    Antonio Gabriel Villeda
    (956) 331-9329
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.