Commercial Building with High
1009 E Interstate 2, Pharr, TX 78577
Commercial building with high traffic, strong exposure, and endless potential.
Type:Office
Property size:
6,241 SFPrice / SF:
$287/SF- Added:
- Mar 13, 2024
- Days on Market:
- 803
- Last Refresh:
- May 12 at 8:55 pm
Property Features for 1009 E Interstate 2
General Information
- Standard status
- Active
- Size
- 6,241 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agent Arik Bachsian
Listing office Encore Fine Properties
Listing date Mar 13, 2024
Source Crexi
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 Encore Fine Properties
HighLights
- Prime location at a high‑traffic intersection in the South Texas Valley, offering excellent visibility and exposure.
- Versatile zoning suitable for medical practices, professional services, and various commercial uses.
- Ample parking available for customers and employees.
- Includes a digital billboard for enhanced advertising and visibility.
- Features multiple office spaces and warehouse/storage areas.
- Building constructed in 2005.
Overview
This commercial building, with a size of 6241 square feet, presents an investment opportunity at a busy intersection. It is suitable for medical practices and professional services. The property features excellent visibility, ample parking, a digital billboard, multiple office spaces, and warehouse/storage areas. The zoning supports medical offices, clinics, business centers, insurance, and other commercial uses. The location offers high traffic and strong exposure.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.16M
NOI $104,393 @ 9.00% cap · cautious / downside scenario
Moderate
$1.49M
NOI $104,393 @ 7.00% cap · market / base-case scenario
Aggressive
$2.09M
NOI $104,393 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.7k | $30.72 |
| − Vacancy | −$52.5k | −$8.42 |
| EGI | $139.2k | $22.30 |
| − OpEx | −$34.8k | −$5.58 |
| NOI | $104.4k | $16.73 |
6,241 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Use Scenarios
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
Hotel Hospitality
$4.70M
$4.11M – $5.48M
NOI $329,057 @ 7.0% cap · market cap 18.33%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.171415
- Latitude
- 26.206197
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Commercial building with high traffic, strong exposure, and endless potential.
Where is this medical office 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: Prime location at a high‑traffic intersection in the South Texas Valley, offering excellent visibility and exposure.; Versatile zoning suitable for medical practices, professional services, and various commercial uses.; Ample parking available for customers and employees.
