Pharr, TX Commercial
For Sale
$390,000
Pending
407 N Veterans Boulevard, Pharr, TX 78577
COMMERCIAL - Pharr, TX
Property Size2,304 SF
Lot Size0.58 Acres
Days on Market897
Property Features for 407 N Veterans Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CO
Parking
20
Appliances
Water Heater (None)
Subdivision
Cantu - Guerra
Lot features
Downtown
Directions
Approaching from the north, take the south exit from Highway 83, proceed down Veterans Boulevard, and you'll find it on the right side. If you're coming from the south, turn onto Veterans Boulevard, head north, and the location will be on your left side.
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: Aug 4 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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
