Shell Retail
New
For Sale
Contact for pricing
1032 W Sam Houston Boulevard, Pharr, TX 78577
An adjoining shell suite offers flexibility for tenants seeking additional retail space.
Property Size1,837 SF
Price / SF$1.50
Days on Market2
Property Features for 1032 W Sam Houston Boulevard
General Information
Standard status
Active
Size
1,837 SF
Property subtype
Commercial
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:35PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,837-square-foot retail suite is delivered as shell space. An adjacent 1,500-square-foot shell suite provides an option for businesses needing a larger footprint. The property was built in 2018.
Pharr Gateway Plaza has a restaurant, event center, and laundromat among its tenants. Cross-access connects the plaza with neighboring Pharr Medical Plaza, and the center is professionally managed. Rent abatement and tenant improvement allowances are available to qualifying tenants.
Pharr Gateway Plaza has a restaurant, event center, and laundromat among its tenants. Cross-access connects the plaza with neighboring Pharr Medical Plaza, and the center is professionally managed. Rent abatement and tenant improvement allowances are available to qualifying tenants.
Key Highlights
- 1,837‑square‑foot shell retail suite
- Adjacent 1,500‑square‑foot shell suite for additional space
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,803
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,060
$496.1K
Cap Rate 7%
$354,329
$354.3K
Cap Rate 9%
$275,589
$275.6K
Market Conditions
NOI Build-Up for 1,837 SF
Gross rent
$37.7K $20.52/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$35.4K $19.29/SF
− OpEx
−$10.6K −$5.79/SF
NOI
$24.8K $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%
$496,060
Cap Rate 7%
$354,329
Cap Rate 9%
$275,589
Alternative Uses
Best Use
Retail
$354.3K
$310.0K – $413.4K
NOI $24,803 @ 7.0% cap · market cap 900.29%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.38M
$1.21M – $1.61M
NOI $96,856 @ 7.0% cap · market cap 3,515.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
KFC
Dining
6,608 visits/mo
0.4 miles
Watermill Express
Shops & Services
5,385 visits/mo
0.3 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
Frequently Asked Questions
What type of property is this?
Retail space - An adjoining shell suite offers flexibility for tenants seeking additional retail space.
Where is this retail space located?
The property is located at 1032 W Sam Houston Boulevard Pharr, TX.
What are key features of this property?
This property features: 1,837‑square‑foot shell retail suite; Adjacent 1,500‑square‑foot shell suite for additional space; Built in 2018
