Office Suites with Conference
New
For Sale
Contact for pricing
1431 Polk Avenue, Pharr, TX 78577
Individual offices include utilities and high-speed internet, with shared amenities and secure building entry.
Property Size3,036 SF
Price / SF$0.13
Days on Market2
Property Features for 1431 Polk Avenue
General Information
Standard status
Active
Size
3,036 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Amenities
shared common spaces
private conference room
kitchen equipped with refrigerator and microwave
secure access
receptionist
Building Details
Year Built
2008
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:21PM
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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Investment Insights
Based on property information with market context.
The 3,036-square-foot office property offers individual suites of approximately 10 by 10 feet. Shared facilities include a private conference room with seating for 8–10 people and a kitchen equipped with a refrigerator and microwave. Suite rentals include water, electricity, and high-speed internet, and a receptionist is available. Building access is secured, and suites are available immediately.
The property is near the expressway, off Jackson Road and Polk Avenue. A rear parking lot may also be leased for trucks or company vehicles.
The property is near the expressway, off Jackson Road and Polk Avenue. A rear parking lot may also be leased for trucks or company vehicles.
Key Highlights
- Approximately 10‑by‑10‑foot individual office suites
- 3,036‑square‑foot office property built in 2008
- Private conference room accommodates 8–10 people
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,783
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,660
$1.0M
Cap Rate 7%
$725,471
$725.5K
Cap Rate 9%
$564,256
$564.3K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$93.3K $30.72/SF
− Vacancy
−$25.6K −$8.42/SF
EGI
$67.7K $22.30/SF
− OpEx
−$16.9K −$5.58/SF
NOI
$50.8K $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%
$1,015,660
Cap Rate 7%
$725,471
Cap Rate 9%
$564,256
Alternative Uses
Best Use
Office B
$725.5K
$634.8K – $846.4K
NOI $50,783 @ 7.0% cap · market cap 12,695.75%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.29M
$2.00M – $2.67M
NOI $160,073 @ 7.0% cap · market cap 40,018.25%
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
1,091
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 - Individual offices include utilities and high-speed internet, with shared amenities and secure building entry.
Where is this office unit located?
The property is located at 1431 Polk Avenue Pharr, TX.
What are key features of this property?
This property features: Approximately 10‑by‑10‑foot individual office suites; 3,036‑square‑foot office property built in 2008; Private conference room accommodates 8–10 people
