High-Visibility Commercial Building For
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1001 E Expressway 83, Pharr, TX 78577
10,417 SF building suitable for retail, showroom, or flex use.
Property Size10,417 SF
Price / SF$211.19
Days on Market246
Property Features for 1001 E Expressway 83
General Information
Standard status
Active
Size
10,417 SF
Class
B
Property subtype
Mixed Use, Retail
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Commercial - RGV
Listed By:
Daniel Galvan · License #582851
(956) 631-1322
Source:
Crexi
Added: Feb 9
Changed: Oct 5
Last Checked: Oct 12 at 8:07PM
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
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
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
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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
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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.
