407 N Veterans Boulevard lot 1, Pharr, TX 78577
- Added:
- Aug 9, 2025
- Days on Market:
- 323
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 407 N Veterans Boulevard lot 1
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- R604528
- Size
- 2,304 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Description
- CANTU-GUERRA NO. 2 LOT 1
Listing agent Juan Chavez License #0616301 (956) 638-8821
Listing office CapStone Realty PLLC 700 W Redwood Ave., McAllen, TX (956) 408-0268
Listing date Aug 9, 2025
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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 0.5‑acre lot with excellent frontage on a high‑traffic thoroughfare.
- Over 13,000 sq. ft. of concrete paving.
- Includes a 720 sq. ft. drive‑thru building.
- Durable construction: solid brick exterior walls and metal roof.
- 20‑foot ceilings for adaptable use.
- Slab foundation.
Overview
Located at 407 N Veterans Boulevard in Pharr, Texas, the property is positioned for strong visibility with frontage on a high-traffic thoroughfare. The existing paved yard and drive-thru configuration can help streamline access and vehicle flow for food service concepts.
For tenants, developers, or owner-operators, the combination of substantial paved area and an in-place drive-thru building offers a practical platform for a restaurant use, or for other commercial adaptations where drive-thru access and an efficient outdoor operations footprint are important. The durable exterior and core building systems can support ongoing improvement and customization to fit a specific concept.
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
- -98.167305
- Latitude
- 26.196571
