High-Visibility Commercial Building For
1001 E Expressway 83 Pharr, TX 78577
For Sale
Contact for pricing
10,417 SF building suitable for retail, showroom, or flex use.
Property Size10,417 SF
Price / SF$211.19
Days on Market167
Property Features for 1001 E Expressway 83
General Information
- Standard status
- Active
- Size
- 10,417 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 2006
Listing Agency:
Coldwell Banker Commercial - RGV
Listed By:
Daniel Galvan · License #582851
Source:
Crexi
Added: Feb 9
Changed: Jul 10
Last Checked: Jul 24 at 11:59AM
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
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 For 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 | $213.8k | $20.52 |
| − Vacancy | −$12.8k | −$1.23 |
| EGI | $200.9k | $19.29 |
| − OpEx | −$60.3k | −$5.79 |
| NOI | $140.7k | $13.50 |
10,417 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,652 @ 7.0% cap · market cap 6.39%
Second Best
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,472 @ 7.0% cap · market cap 4.79%
Theoretical Best
Hotel Hospitality
$7.85M
$6.87M – $9.15M
NOI $549,236 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
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.
