Office Unit Near
New
For Sale
Contact for pricing
1309 W Nolana Loop, Pharr, TX 78577
The unit is suited to office operations or service-oriented retail activity.
Property Size728 SF
Price / SF$1.99
Days on Market2
Property Features for 1309 W Nolana Loop
General Information
Standard status
Active
Size
728 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2004
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:42AM
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 Texus Realty
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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 728-square-foot office unit was built in 2004 and can accommodate office or service-retail use.
The property is near the W Nolana Loop and N Jackson Road intersection, with access to IH-69C. The surrounding roadway carries approximately 24,000 vehicles per day.
The property is near the W Nolana Loop and N Jackson Road intersection, with access to IH-69C. The surrounding roadway carries approximately 24,000 vehicles per day.
Key Highlights
- 728 SF office unit built in 2004
- Approximately 24,000 vehicles per day on the surrounding roadway
- Near the W Nolana Loop and N Jackson Rd intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,177
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,540
$243.5K
Cap Rate 7%
$173,957
$174.0K
Cap Rate 9%
$135,300
$135.3K
Market Conditions
NOI Build-Up for 728 SF
Gross rent
$22.4K $30.72/SF
− Vacancy
−$6.1K −$8.42/SF
EGI
$16.2K $22.30/SF
− OpEx
−$4.1K −$5.58/SF
NOI
$12.2K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,540
Cap Rate 7%
$173,957
Cap Rate 9%
$135,300
Alternative Uses
Best Use
Office B
$174.0K
$152.2K – $203.0K
NOI $12,177 @ 7.0% cap · market cap 839.79%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$548.3K
$479.8K – $639.7K
NOI $38,384 @ 7.0% cap · market cap 2,647.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
992
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The unit is suited to office operations or service-oriented retail activity.
Where is this office unit located?
The property is located at 1309 W Nolana Loop Pharr, TX.
What are key features of this property?
This property features: 728 SF office unit built in 2004; Approximately 24,000 vehicles per day on the surrounding roadway; Near the W Nolana Loop and N Jackson Rd intersection
