507 E Interstate 2 Pharr, TX 78577
COMMERCIAL - Pharr, TX
- Added:
- Apr 6, 2026
- Days on Market:
- 100
- Last Refresh:
- Jul 14 at 12:06 pm
Property Features for 507 E Interstate 2
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 25
- Parking features
- Driveway, Off Street
- Exterior features
- Storage, Workshop
- Appliances
- Water Heater (None)
- Standard status
- Active
- APN
- H255500000000000
- Size
- 5,766 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15975
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Building materials
- Aluminum Siding, Brick
- Roof type
- Flat
- Additional Structures
- Storage, Workshop
Listing agent Jonathan Lindley License #542810 (956) 929-1583
Listing office RE/MAX Platinum 1200 Auburn Ave Suite 285 Suite 220, McAllen, TX (956) 668-8555
Listing date Apr 6, 2026
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.
The location is on the frontage road of Interstate 2, just minutes from the I-2 and I-69C interchange. With over 20 existing parking spaces and additional land available for expansion, the site is set up to accommodate daily customer or employee access and potential future improvements.
For owner-users, this is a versatile option where the interior is cleared for renovation and the site supports both office use and supporting warehouse storage. For multi-tenant users, the previously divided office arrangement and existing restroom facilities can help inform suite planning, while the detached structure offers flexibility for back-of-house operations. The combination of a ready-to-build office shell, on-site parking, and an additional warehouse component supports a range of office and light industrial applications.
Key Highlights
- Prime location with exceptional visibility on I‑2 frontage road, near I‑2 & I‑69C interchange.
- 4,500+ sq ft main building, fully gutted and ready for custom buildout.
- Includes a detached 1,200 sq ft warehouse for storage or operations.
Local Financial Insights For Office B
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 | $177.1k | $30.72 |
| − Vacancy | −$48.5k | −$8.42 |
| EGI | $128.6k | $22.30 |
| − OpEx | −$32.1k | −$5.58 |
| NOI | $96.4k | $16.73 |
