High-Visibility Commercial Building For
1001 E Interstate 2 Pharr, TX 78577
1001 E Interstate 2, Pharr, TX, 78577
$2,200,000
For Sale
$2,200,000
10,417 SF building suitable for retail, showroom, or flex use.
Property Size10,417 SF
Price / SF$211.19
Days on Market138
Property Features for 1001 E Interstate 2
General Information
- Standard status
- Active
- Size
- 10,417 SF
- Property subtype
- Retail
Listing agency
Coldwell Banker Commercial Rio Grande Valley
(956) 451-2983
Listed by
Daniel Galvan · License #561680
(956) 451-2983
Source
Cbcworldwide
Added: Mar 5 Updated: Jul 10 at 3:46PM Checked: Apr 9 at 9:00PM
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 Commercial Rio Grande Valley
Investment Insights
Based on property information with market context.
This approximately 10,417 square foot building is strategically located just off Interstate 2, providing excellent accessibility and strong visibility within a high-traffic corridor. The property is well-suited for retail, showroom, service-oriented, or flex commercial use, benefiting from convenient access for both local and regional customers. Surrounded by established businesses and steady vehicle flow, the site presents strong exposure and accessibility, making it an ideal opportunity for users seeking a well-positioned commercial location.
Key Highlights
- Excellent accessibility due to its location just off Interstate 2.
- High visibility in a high‑traffic corridor.
- Suitable for retail, showroom, service‑oriented, or flex commercial use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.8k | $20.52 |
| − Vacancy | −$12.8k | −$1.23 |
| EGI | $200.9k | $19.29 |
| − OpEx | −$60.3k | −$5.79 |
| NOI | $140.7k | $13.50 |
10,417 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,652 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.85M
$6.87M – $9.15M
NOI $549,236 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 10,417 SF building suitable for retail, showroom, or flex use.
Where is this retail property located?
The property is located at 1001 E Interstate 2 Pharr, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Excellent accessibility due to its location just off Interstate 2.; High visibility in a high‑traffic corridor.; Suitable for retail, showroom, service‑oriented, or flex commercial use.
