Pharr, TX Commercial
407 N Veterans Boulevard Pharr, TX 78577
For Sale
$390,000
Pending
COMMERCIAL - Pharr, TX
Property Size2,304 SF
Lot Size0.58 Acres
Days on Market886
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 Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Juan Rodriguez
(956) 878-2900
Added: Feb 19, 2024
Changed: Apr 15
Last Checked: Jul 24 at 4:06AM
MLS# 425926
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.
Investment Insights
Based on property information with market context.
This commercial property is located on Veterans Boulevard in Pharr, Texas, a few blocks from the main highway. The property is currently operating as a do-it-yourself car wash with a drive-through. The property has high traffic and visibility. The property is situated on a 0.5819-acre lot and includes a 2,304 square foot building. The zoning is CO. The property could be transformed into a plaza or used for other commercial ventures.
Key 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.
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 |
2,304 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$477.7K
$418.0K – $557.3K
NOI $33,437 @ 7.0% cap · market cap 8.57%
Second Best
Retail
$444.4K
$388.9K – $518.5K
NOI $31,109 @ 7.0% cap · market cap 7.98%
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.02M
NOI $121,478 @ 7.0% cap · market cap 31.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Car washes
FAQs
What type of property is this?
Car wash - Car wash on Veterans Boulevard with high traffic and visibility.
Where is this car wash located?
The property is located at 407 N Veterans Boulevard Pharr, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 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.
