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

    3703 Sheraton Ave Pharr, TX 78577

    Sponsored
    For Sale
    $440,000

    Quadruplex - Pharr, TX

    Type:Quadruplex
    Property size:
    4,600 SF
    Lot size:
    0.21 Acres
    Days on Market:
    31
    Last Refresh:
    Jan 19 at 2:06 pm

    Property Features for 3703 Sheraton Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    APN
    J235500000008400
    Parking
    8
    Parking features
    Garage
    Size
    4,600 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Expense value
    750
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    2006
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Elizabeth Gomez

    RE/MAX elite (956) 330-3674 [email protected]

    Listing agent Elizabeth Gomez (956) 583-2100

    Listing date Dec 20, 2025

    MLS# 488539 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

    Pharr Fourplex in Gated Community

    This fourplex is located in the Jackson South Apartments community of Pharr. It features two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. The residences have an open-concept layout with granite countertops, custom cabinets, and tile flooring. Modern lighting fixtures and ceiling fans are installed in the living rooms and bedrooms. The kitchens are equipped with stainless steel appliances, including a microwave, refrigerator, and stove, as well as a washer and dryer. Each unit includes a private fenced patio and a 2-vehicle carport. The property is situated in a gated community near shopping areas, entertainment venues, hospitals, and schools, with convenient access to Expressway 83 and 281. The property size is 4,600 square feet and the lot size is 0.2066 acres. All units are currently rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.20634
    Latitude
    26.163789

    Nearby Similar for Sale

    • $387,500
      3,796 SF

      Pharr Fourplex: Investment Opportunity

      Fully occupied fourplex in Pharr, TX, a great investment.
      115 W Albatross Ave, Pharr, TX 78577
      View Details
    • New
      $2,798,800
      23,400 SF

      Pharr Industrial Property with Rail Access

      1.85-acre industrial property with warehouse, loading bays, and private rail.
      100 N Dogwood St, Pharr, TX 78577
      View Details
    • $2,583,000
      9,575 SF

      Versatile Commercial Property in Pharr

      Two-story commercial property with retail and office space.
      902 S Cage Blvd, Pharr, TX 78577
      View Details
    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail space, warehouse, and ample parking.
      913 W Us Hwy, Pharr, TX 78577
      View Details
    • $387,500
      3,796 SF

      Pharr Fourplex: Investment Opportunity

      Fully occupied fourplex in Pharr, TX, a great investment.
      201 W Albatross Ave, Pharr, TX 78577
      View Details
    • New
      $1,003,900
      1,200 SF

      Commercial Property on I69 & US281

      Commercial property with high visibility and income potential.
      2200 Cage Blvd N, Pharr, TX 78577
      View Details
    • $980,000
      520 SF

      Commercial Property on Veterans Blvd

      Commercial building on Veterans Blvd, configured for automotive service.
      704 N I Rd, Pharr, TX 78577
      View Details
    • $250,000
      4,368 SF

      Pharr Duplex in Gated Community

      Two-story duplex in Pharr Plantation with community amenities and security.
      3000 Ashley Pl, Pharr, TX 78577
      View Details
    • $1,200,000
      8,674 SF

      Prime Corner Commercial Property, Pharr

      High-visibility corner lot ideal for professional services.
      301 N Cage Blvd, Pharr, TX 78577
      View Details
    • $396,000
      3,640 SF

      Pharr Fourplex Investment Opportunity

      Well-maintained fourplex in prime location, ideal for investors.
      2205 N Erica St, Pharr, TX 78577
      View Details
    • $499,000
      3,823 SF

      Restaurant Building with Commercial Kitchen

      Former restaurant with kitchen for sale in Pharr, Texas.
      6701 S Jackson Rd, Pharr, TX 78577
      View Details
    • $510,000
      3,944 SF

      New Fourplex in Pharr, TX

      New fourplex near expressway with furnished unit for short-term rental.
      4905 N Dahlia St, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Quadplex - Stylish fourplex in Pharr's Jackson South Apartments community.
    Where is this quadplex located?
    The property is located at 3703 Sheraton Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Fourplex featuring a mix of 2-bedroom/2-bath and 3-bedroom/2-bath units in a desirable location.; - All units are currently rented, providing immediate income.; - Gated community location offers security and convenience to shopping, entertainment, hospitals, schools, and expressways.
    (956) 330-3674
    Request Owner's contact information
    3703 Sheraton 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.
    3703 Sheraton 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
    3703 Sheraton 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
    Elizabeth Gomez
    Real Estate License ID: 772669
    (956) 330-3674
    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.