Flex Space with Office and
1009 E Interstate 2, Pharr, TX 78577
For Sale
$1,795,000
Commercial Sale, Pharr, TX
Property Size6,241 SF
Lot Size0.76 Acres
Price / SF$287.61
Days on Market330
Property Features for 1009 E Interstate 2
General Information
Property type
Property subtype
Parking
Parking features
Security features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
digital billboard
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Arik Bachsian
(956) 360-2864
Added: Dec 18, 2025
Changed: Oct 26
Last Checked: Nov 12 at 6:06PM
MLS# 488874
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,241-square-foot flex property in Pharr was built in 2005 and includes multiple office areas along with warehouse and storage space. The building has central heating and central air, with aluminum siding, brick, and stucco construction. Roofing includes metal and shingle materials, and an electric water heater serves the property.
Located at 1009 E Interstate 2, the property includes parking features for special-needs access and garage parking. A digital billboard is also part of the improvements. The 0.759-acre site provides a combination of office, storage, and commercial building components suited to a range of business operations.
Located at 1009 E Interstate 2, the property includes parking features for special-needs access and garage parking. A digital billboard is also part of the improvements. The 0.759-acre site provides a combination of office, storage, and commercial building components suited to a range of business operations.
Key Highlights
- 6,241‑square‑foot flex property on a 0.759‑acre site
- Multiple office spaces with warehouse and storage areas
- Digital billboard included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,393
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,860
$2.1M
Cap Rate 7%
$1,491,329
$1.5M
Cap Rate 9%
$1,159,922
$1.2M
Market Conditions
NOI Build-Up for 6,241 SF
Gross rent
$191.7K $30.72/SF
− Vacancy
−$52.5K −$8.42/SF
EGI
$139.2K $22.30/SF
− OpEx
−$34.8K −$5.58/SF
NOI
$104.4K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,860
Cap Rate 7%
$1,491,329
Cap Rate 9%
$1,159,922
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,393 @ 7.0% cap · market cap 5.82%
Second Best
Healthcare Medical
$1.32M
$1.15M – $1.54M
NOI $92,344 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,678 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Under-served
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
$111,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Hidalgo County, TX
Properties on Market for Flex space in Hidalgo County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Sispresso — 107 E Ferguson Ave Suite B, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Flex space - Building combines office areas with warehouse and storage space, central HVAC, and on-site parking.
Where is this flex space located?
The property is located at 1009 E Interstate 2 Pharr, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 6,241‑square‑foot flex property on a 0.759‑acre site; Multiple office spaces with warehouse and storage areas; Digital billboard included with the property
