Neighborhood Retail
New
For Sale
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1305 S Cage Boulevard Unit 3, Pharr, TX 78577
A flexible storefront in a strip center supports retail and service-oriented occupancy.
Property Size1,321 SF
Price / SF$2.07
Days on Market2
Property Features for 1305 S Cage Boulevard Unit 3
General Information
Standard status
Active
Size
1,321 SF
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:12PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,321-square-foot retail suite is part of a neighborhood strip center built in 2014. The space is identified as Unit 3 at 1305 S Cage Boulevard in Pharr, Texas.
The center fronts S. Cage Boulevard and sits directly across from HEB. The property information identifies the corridor as having daily traffic and visibility, without providing supporting counts or measurements.
The center fronts S. Cage Boulevard and sits directly across from HEB. The property information identifies the corridor as having daily traffic and visibility, without providing supporting counts or measurements.
Key Highlights
- 1,321 SF retail suite
- Located in a neighborhood strip center built in 2014
- Across S. Cage Boulevard from HEB
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,720
$356.7K
Cap Rate 7%
$254,800
$254.8K
Cap Rate 9%
$198,178
$198.2K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$27.1K $20.52/SF
− Vacancy
−$1.6K −$1.23/SF
EGI
$25.5K $19.29/SF
− OpEx
−$7.6K −$5.79/SF
NOI
$17.8K $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%
$356,720
Cap Rate 7%
$254,800
Cap Rate 9%
$198,178
Alternative Uses
Best Use
Retail
$254.8K
$223.0K – $297.3K
NOI $17,836 @ 7.0% cap · market cap 652.38%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$995.0K
$870.6K – $1.16M
NOI $69,650 @ 7.0% cap · market cap 2,547.55%
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
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
272k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 42%
Shops & Services 13%
H-E-B
Groceries
104,684 visits/mo
0.2 miles
McDonald's
Dining
34,400 visits/mo
0.3 miles
Whataburger
Dining
30,202 visits/mo
0.1 miles
Dollar Tree
Shops & Services
25,427 visits/mo
0.3 miles
Starbucks
Dining
19,750 visits/mo
0.1 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 - A flexible storefront in a strip center supports retail and service-oriented occupancy.
Where is this retail space located?
The property is located at 1305 S Cage Boulevard Unit 3 Pharr, TX.
What are key features of this property?
This property features: 1,321 SF retail suite; Located in a neighborhood strip center built in 2014; Across S. Cage Boulevard from HEB
