Medical Office
New
For Sale
Contact for pricing
1002 Ste #6 Sam Houston, Pharr, TX 78577
An existing office build-out occupies space within Pharr Medical Complex.
Property Size24,089 SF
Price / SF$0.28
Days on Market4
Property Features for 1002 Ste #6 Sam Houston
General Information
Standard status
Active
Size
24,089 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
pylon signage
Building Details
Year Built
1997
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:47AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 2,961-square-foot, second-generation office suite is part of Pharr Medical Complex. The property was built in 1997 and includes an existing office build-out. Pylon signage is available along W. Sam Houston Blvd.
The suite is approximately 4,000 feet from the I-2/US-83 Expressway. Retail destinations in the surrounding corridor include Costco, Lowe’s, At Home, Topgolf, Walmart, and Sam’s Club.
The suite is approximately 4,000 feet from the I-2/US-83 Expressway. Retail destinations in the surrounding corridor include Costco, Lowe’s, At Home, Topgolf, Walmart, and Sam’s Club.
Key Highlights
- 2,961‑square‑foot second‑generation office space
- Located within Pharr Medical Complex
- Pylon signage opportunity along W. Sam Houston Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$356,428
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,128,560
$7.1M
Cap Rate 7%
$5,091,829
$5.1M
Cap Rate 9%
$3,960,311
$4.0M
Market Conditions
NOI Build-Up for 24,089 SF
Gross rent
$714.0K $29.64/SF
− Vacancy
−$120.0K −$4.98/SF
EGI
$594.0K $24.66/SF
− OpEx
−$237.6K −$9.86/SF
NOI
$356.4K $14.80/SF
Area
Hidalgo County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,128,560
Cap Rate 7%
$5,091,829
Cap Rate 9%
$3,960,311
Alternative Uses
Best Use
Office B
$5.76M
$5.04M – $6.72M
NOI $402,938 @ 7.0% cap · market cap 5,999.67%
Second Best
Healthcare Medical
$5.09M
$4.46M – $5.94M
NOI $356,428 @ 7.0% cap · market cap 5,307.15%
Theoretical Best
Hotel Hospitality
$18.14M
$15.88M – $21.17M
NOI $1,270,093 @ 7.0% cap · market cap 18,911.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Valley Animal Hospital — 902 W State Ave, Pharr, TX 78577
- Macmanus Kelly DVM — 902 W State Ave, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Medical Office Space - An existing office build-out occupies space within Pharr Medical Complex.
Where is this medical office space located?
The property is located at 1002 Ste #6 Sam Houston Pharr, TX.
What are key features of this property?
This property features: 2,961‑square‑foot second‑generation office space; Located within Pharr Medical Complex; Pylon signage opportunity along W. Sam Houston Blvd
