Building Details

Year Built 2006

Buildings 1

Stories 1

Units 1

Listing Agency: Coldwell Banker Commercial - RGV

Listed By: Daniel Galvan · License #582851 Show Phone

Source: Crexi

Added: Feb 9 Changed: Oct 25 Last Checked: Oct 24 at 3:23PM

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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 Coldwell Banker Commercial - RGV

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This approximately 10,417 square foot building is strategically located just off Interstate 2, providing excellent accessibility and visibility within a high-traffic corridor. The property is well-suited for retail, showroom, service-oriented, or flex commercial use. It benefits from convenient access for both local and regional customers. The site is surrounded by established businesses and experiences steady vehicle flow, offering strong exposure and accessibility. This makes it an ideal opportunity for users seeking a well-positioned commercial location.

Key Highlights

• Excellent accessibility and strong visibility just off Interstate 2.
• Suitable for retail, showroom, service‑oriented, or flex commercial uses.
• High‑traffic corridor location.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,652

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,813,040 $2.8M

Cap Rate 7%

$2,009,314 $2.0M

Cap Rate 9%

$1,562,800 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,417 SF

Gross rent

$213.8K $20.52/SF

− Vacancy

−$12.8K −$1.23/SF

EGI

$200.9K $19.29/SF

− OpEx

−$60.3K −$5.79/SF

NOI

$140.7K $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%

$2,813,040

Cap Rate 7%

$2,009,314

Cap Rate 9%

$1,562,800

Alternative Uses

Best Use

Retail

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,652 @ 7.0% cap · market cap 6.39%

Second Best

Mixed Use

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,472 @ 7.0% cap · market cap 4.79%

Theoretical Best

Hotel Hospitality

$7.85M

$6.87M – $9.15M (±1% cap)

NOI $549,236 @ 7.0% cap · market cap 24.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom HVAC Service Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

596

Businesses Nearby

38k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 48% Home Improvements & Furnishings 1%

Burger King Dining

10,225 visits/mo 0.0 miles

Quick Quack Car Wash Shops & Services

7,703 visits/mo 0.1 miles

CarMax Shops & Services

4,992 visits/mo 0.2 miles

IBC Bank Shops & Services

4,989 visits/mo 0.1 miles

Domino's Pizza Dining

4,407 visits/mo 0.0 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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 10,417 SF building suitable for retail, showroom, or flex use.

Where is this mixed-use property located?

The property is located at 1001 E Expressway 83 Pharr, TX.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Excellent accessibility and strong visibility just off Interstate 2.; Suitable for retail, showroom, service‑oriented, or flex commercial uses.; High‑traffic corridor location.