407 N Veterans Boulevard, Pharr, TX 78577
- Added:
- Feb 19, 2024
- Days on Market:
- 840
- Last Refresh:
- Jun 8 at 1:06 pm
Property Features for 407 N Veterans Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Parking
- 20
- Appliances
- Water Heater (None)
- Standard status
- Pending
- APN
- C129302000000100
- Size
- 2,304 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 6008
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Metal
Listing agent Juan Rodriguez (956) 878-2900
Listing office Encore Fine Properties 817 N Ware Road, McAllen, TX (956) 821-6170
Listing date Feb 19, 2024
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
- Prime location on Veterans Boulevard with high traffic and visibility.
- Existing infrastructure as a DIY car wash with drive‑through.
- Potential for redevelopment into a plaza or other commercial ventures.
- Close proximity to the main highway.
- Block construction.
- Metal roof.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $20.52 |
| − Vacancy | −$2.7k | −$1.17 |
| EGI | $44.6k | $19.35 |
| − OpEx | −$11.1k | −$4.84 |
| NOI | $33.4k | $14.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.167284
- Latitude
- 26.196538
