Medical Office Suites with
New
For Sale
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1002 Ste #7 W Sam Houston Boulevard, Pharr, TX 78577
Three available spaces include dental and rehabilitation layouts, plus a suite equipped for drive-through service.
Property Size24,089 SF
Price / SF$0.16
Days on Market2
Property Features for 1002 Ste #7 W Sam Houston Boulevard
General Information
Standard status
Active
Size
24,089 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Medical Office
Building Details
Year Built
1997
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:48PM
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.
Pharr Medical Complex is a 24,089-square-foot medical office property at 1002 W. Sam Houston Boulevard in Pharr. Three suites are available: Suite 1 has a drive-through and was previously used as a pharmacy; Suite 6 is configured as a dental office; and Suite 7 previously served as a rehabilitation clinic. The property was built in 1997.
The complex is on W. Sam Houston Boulevard, east of a retail corridor with Costco, Lowe’s, At Home and Topgolf. The I-2/US-83 Expressway is approximately 4,000 feet away.
The complex is on W. Sam Houston Boulevard, east of a retail corridor with Costco, Lowe’s, At Home and Topgolf. The I-2/US-83 Expressway is approximately 4,000 feet away.
Key Highlights
- Three suites available for medical or office use
- Suite 1 includes a drive‑through and was previously a pharmacy
- Suite 6 is configured as a dental office
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 10,682.34%
Second Best
Healthcare Medical
$5.09M
$4.46M – $5.94M
NOI $356,428 @ 7.0% cap · market cap 9,449.31%
Theoretical Best
Hotel Hospitality
$18.14M
$15.88M – $21.17M
NOI $1,270,093 @ 7.0% cap · market cap 33,671.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Balanced
Demand for This Use
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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 - Three available spaces include dental and rehabilitation layouts, plus a suite equipped for drive-through service.
Where is this medical office space located?
The property is located at 1002 Ste #7 W Sam Houston Boulevard Pharr, TX.
What are key features of this property?
This property features: Three suites available for medical or office use; Suite 1 includes a drive‑through and was previously a pharmacy; Suite 6 is configured as a dental office
