Free-Standing Restaurant with
For Sale
Contact for pricing
Pending
1617 W Polk Ave, Pharr, TX 78577
Free-standing, fully equipped restaurant with a dedicated smoker/pit area, outdoor patio, and drive-thru in a busy commercial corridor.
Property Size4,840 SF
Days on Market504
Property Features for 1617 W Polk Ave
General Information
Standard status
Pending
Size
4,840 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Building Details
Year Built
2018
Buildings
1
Listing Agency:
NAI Rio Grande Valley | McAllen
(956) 227-8000
Listed By:
Laura Liza Paz
(956) 227-8000
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Jul 29
Last Checked: Aug 4 at 9:43AM
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 NAI Rio Grande Valley | McAllen
Investment Insights
Based on property information with market context.
This free-standing restaurant totals 4,840 SF and is offered as a fully equipped, turnkey operation currently operating as “Smokin’ moon bbq & beer garden.” Built in 2018, the space includes a dedicated 675 SF smoker/pit area and a 1,295 SF outdoor patio suited for al fresco dining, along with a convenient drive-thru. The property is set up for restaurant use with ample on-site parking.
Located just east of the intersection of north jackson road and polk avenue in a busy area, the site offers access to business highway 83 and interstate 2. The property is positioned next to Cinemark and Pharr Town Centre, supporting both local and traveler traffic.
A population of 110,444 residents within 3 miles can help support area demand.
Located just east of the intersection of north jackson road and polk avenue in a busy area, the site offers access to business highway 83 and interstate 2. The property is positioned next to Cinemark and Pharr Town Centre, supporting both local and traveler traffic.
A population of 110,444 residents within 3 miles can help support area demand.
Key Highlights
- 4,840 SF free‑standing restaurant building
- 1,295 SF outdoor patio for al fresco dining
- 675 SF dedicated smoker/pit area
Financial Insights For Specialty 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 | $99.3k | $20.52 |
| − Vacancy | −$5.7k | −$1.17 |
| EGI | $93.7k | $19.35 |
| − OpEx | −$23.4k | −$4.84 |
| NOI | $70.2k | $14.51 |
4,840 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.00M
$878.0K – $1.17M
NOI $70,242 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.65M
$3.19M – $4.25M
NOI $255,189 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 43%
Hotels & Casinos 2%
Whataburger
Dining
20,911 visits/mo
0.5 miles
Valero Energy
Shops & Services
13,240 visits/mo
0.4 miles
Stripes
Shops & Services
11,790 visits/mo
0.4 miles
Ace Cash Express
Shops & Services
1,530 visits/mo
0.4 miles
WoodSpring Suites Pharr
Hotels & Casinos
879 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Free-standing, fully equipped restaurant with a dedicated smoker/pit area, outdoor patio, and drive-thru in a busy commercial corridor.
Where is this conventional restaurant located?
The property is located at 1617 W Polk Ave Pharr, TX.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 4,840 SF free‑standing restaurant building; 1,295 SF outdoor patio for al fresco dining; 675 SF dedicated smoker/pit area
