Multifamily
113 W Clark Ave, Pharr, TX 78577
For Sale
$475,000
The property is near N. Cage Boulevard, Interstate 69C, and Pharr Town Center.
Property Size4,470 SF
Price / SF$106.26
Days on Market8
Property Features for 113 W Clark Ave
General Information
Standard status
Size
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker La Mansion
(956) 631-1322
Listed By:
Chantelle Mascorro · License #TX0635721
(956) 212-5151
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 7:18AM
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 Coldwell Banker La Mansion
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 multifamily property is located at 113 W Clark Ave in Pharr, Texas. N. Cage Boulevard and Interstate 69C are nearby, along with Pharr Town Center and commercial corridors in the area.
Key Highlights
- Pharr address near N. Cage Boulevard, Interstate 69C, and Pharr Town Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,990
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,800
$719.8K
Cap Rate 7%
$514,143
$514.1K
Cap Rate 9%
$399,889
$399.9K
Market Conditions
NOI Build-Up for 4,470 SF
Gross rent
$74.0K $16.56/SF
− Vacancy
−$8.6K −$1.92/SF
EGI
$65.4K $14.64/SF
− OpEx
−$29.4K −$6.59/SF
NOI
$36.0K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,800
Cap Rate 7%
$514,143
Cap Rate 9%
$399,889
Alternative Uses
Best Use
Apartment 5plus
$514.1K
$449.9K – $599.8K
NOI $35,990 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,069 @ 7.0% cap · market cap 23.17%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
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
$111,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Pharr, TX
Properties on Market for Multifamily properties in Pharr
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is near N. Cage Boulevard, Interstate 69C, and Pharr Town Center.
Where is this multifamily property located?
The property is located at 113 W Clark Ave Pharr, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Pharr address near N. Cage Boulevard, Interstate 69C, and Pharr Town Center
