Flex Space with Covered
For Sale
$675,000
107 Zavala Avenue, Pharr, TX 78577
Industrial-area property includes office, restroom, storage, and paved drive access.
Property Size3,596 SF
Lot Size1.02 Acres
Price / SF$187.71
Days on Market8
Property Features for 107 Zavala Avenue
General Information
Standard status
Active
Size
3,596 SF
Lot size
1.02 Acres
Property subtype
Industrial
Zoning
PUD
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,750
Amenities
Central Air
10 Parking Spaces. Handicap Parking, Paved Driveway.
Extra Storage. Industrial Area, City Road.
Building Details
Year Built
2008
Listing Agency:
Imperio Real Estate Llc
(956) 540-8573
Listed By:
Efrain Garcia
(956) 540-8573
Source:
Xome
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 8:27PM
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 Imperio Real Estate Llc
Investment Insights
Based on property information with market context.
This flex space includes a 3,596-square-foot open-sided metal canopy built over a concrete slab, along with an office, restroom, and storage room. Central air serves the interior office area, while additional storage and a paved driveway support the property’s functional layout. The improvements date to 2008.
Situated at 107 Zavala Avenue in Pharr’s Las Milpas Industrial Park, the 1.02-acre property carries PUD zoning and includes 10 parking spaces, including handicap parking. Its industrial setting places the site near major highways and the Pharr International Bridge, with a city road providing direct site access.
Situated at 107 Zavala Avenue in Pharr’s Las Milpas Industrial Park, the 1.02-acre property carries PUD zoning and includes 10 parking spaces, including handicap parking. Its industrial setting places the site near major highways and the Pharr International Bridge, with a city road providing direct site access.
Key Highlights
- 1.02‑acre flex space property in Pharr’s Las Milpas Industrial Park
- 3,596‑square‑foot open‑sided metal canopy with concrete slab
- Office, restroom, storage room, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,923
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,460
$378.5K
Cap Rate 7%
$270,329
$270.3K
Cap Rate 9%
$210,256
$210.3K
Market Conditions
NOI Build-Up for 3,596 SF
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.
Gross rent
$28.9K $8.04/SF
− Vacancy
−$1.9K −$0.52/SF
EGI
$27.0K $7.52/SF
− OpEx
−$8.1K −$2.26/SF
NOI
$18.9K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,460
Cap Rate 7%
$270,329
Cap Rate 9%
$210,256
Alternative Uses
Best Use
Industrial
$270.3K
$236.5K – $315.4K
NOI $18,923 @ 7.0% cap · market cap 2.80%
Second Best
Flex RnD
$251.0K
$219.6K – $292.9K
NOI $17,571 @ 7.0% cap · market cap 2.60%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,599 @ 7.0% cap · market cap 28.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-area property includes office, restroom, storage, and paved drive access.
Where is this flex space located?
The property is located at 107 Zavala Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.02‑acre flex space property in Pharr’s Las Milpas Industrial Park; 3,596‑square‑foot open‑sided metal canopy with concrete slab; Office, restroom, storage room, and central air
