Shopping Center with Vacant
For Sale
$1,250,000
1000 N Cage Boulevard, Pharr, TX 78577
High-visibility shopping center on a major Pharr corridor with vacant spaces for lease or immediate owner use.
Property Size6,264 SF
Days on Market119
Property Features for 1000 N Cage Boulevard
General Information
Standard status
Active
Size
6,264 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,822
Building Details
Building Size
6,264 SF
Year Built
2014
Listing Agency:
API Real Estate
Listed By:
Sergio A. Adame
Source:
Primeluxuryrealestate
Added: Jun 11
Changed: Oct 2
Last Checked: Oct 5 at 8:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of API Real Estate
Investment Insights
Based on property information with market context.
This for-sale shopping center offers a high-visibility commercial setup with vacant spaces available for lease. The property is positioned for flexible occupancy, allowing a buyer to lease the available suites or occupy immediately, depending on their operating needs.
The asset is located on N Cage Blvd, described as one of Pharr’s busiest and most established corridors, with prominent frontage and strong traffic counts. Immediate access to I-2/Expressway 83 is noted, supporting convenient arrival for customers and employees.
The mix of existing vacant retail, office, and service-oriented flexibility is intended to accommodate a range of users, including retail, medical, office, or service operations. The surrounding environment is described as a mix of national retailers, dense residential neighborhoods, and a strong daytime population, which may support a variety of everyday retail and service concepts. For investors, the ability to create income through lease-up of the vacant spaces is a key feature; for owner-users, the same vacancies provide a practical path to take over space quickly.
The asset is located on N Cage Blvd, described as one of Pharr’s busiest and most established corridors, with prominent frontage and strong traffic counts. Immediate access to I-2/Expressway 83 is noted, supporting convenient arrival for customers and employees.
The mix of existing vacant retail, office, and service-oriented flexibility is intended to accommodate a range of users, including retail, medical, office, or service operations. The surrounding environment is described as a mix of national retailers, dense residential neighborhoods, and a strong daytime population, which may support a variety of everyday retail and service concepts. For investors, the ability to create income through lease-up of the vacant spaces is a key feature; for owner-users, the same vacancies provide a practical path to take over space quickly.
Key Highlights
- Shopping center on N Cage Blvd in Pharr, built in 2014
- High‑visibility retail center with prominent frontage on a major Pharr corridor
- Immediate access to I‑2/Expressway 83
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,578
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,560
$1.7M
Cap Rate 7%
$1,208,257
$1.2M
Cap Rate 9%
$939,756
$939.8K
Market Conditions
NOI Build-Up for 6,264 SF
Gross rent
$128.5K $20.52/SF
− Vacancy
−$7.7K −$1.23/SF
EGI
$120.8K $19.29/SF
− OpEx
−$36.2K −$5.79/SF
NOI
$84.6K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,560
Cap Rate 7%
$1,208,257
Cap Rate 9%
$939,756
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,578 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.72M
$4.13M – $5.50M
NOI $330,269 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Whataburger
Dining
20,911 visits/mo
0.2 miles
Valero Energy
Shops & Services
13,240 visits/mo
0.0 miles
Stripes
Shops & Services
11,790 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
5,240 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
3,196 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pharr Market Place — 119 S Cage Blvd, Pharr, TX 78577
- Coin Cloud Bitcoin ATM — 1101 n cage blvd, pharr, tx 78577
- Fleet pride bandas — 706 W Ferguson Ave, Pharr, TX 78577
- Junction View Center — 2101 N Cage Blvd Suite 106, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility shopping center on a major Pharr corridor with vacant spaces for lease or immediate owner use.
Where is this shopping center located?
The property is located at 1000 N Cage Boulevard Pharr, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Shopping center on N Cage Blvd in Pharr, built in 2014; High‑visibility retail center with prominent frontage on a major Pharr corridor; Immediate access to I‑2/Expressway 83
