Four-Suite Shopping
For Sale
$889,999
1907 Veterans Boulevard, Pharr, TX 78577
Built in 2024, the center includes central air, electric service, paved access, and handicap parking.
Property Size3,185 SF
Price / SF$279.43
Days on Market12
Property Features for 1907 Veterans Boulevard
General Information
Standard status
Active
Size
3,185 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,482
Amenities
Central Air, Electric
16 Parking Spaces. Paved Driveway, Handicap Parking.
Strip Mall, City Road, Paved Road.
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
First Choice Realty
(956) 888-9488
Listed By:
Romeo Deleon
(956) 888-9488
Source:
Xome
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 23 at 3:59AM
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 First Choice Realty
Investment Insights
Based on property information with market context.
Built in 2024, this four-suite shopping center is listed at 3,185 SF and includes approximately 3,080 SF of estimated leasable space. Each suite measures approximately 770 SF. Three suites are occupied, while one is vacant. Interior features include central air and electric service, with exterior improvements comprising a paved driveway, handicap parking, and 16 parking spaces.
The property is located at 1907 Veterans Boulevard in Pharr, Texas, along a city road with paved road access. Configured as a strip mall, the center provides a multi-suite commercial layout for professional or business uses supported by the existing property configuration.
The property is located at 1907 Veterans Boulevard in Pharr, Texas, along a city road with paved road access. Configured as a strip mall, the center provides a multi-suite commercial layout for professional or business uses supported by the existing property configuration.
Key Highlights
- Four‑suite shopping center with approximately 3,080 SF of estimated leasable space
- Each suite measures approximately 770 SF
- Three of four suites are occupied; one suite is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,080
$860.1K
Cap Rate 7%
$614,343
$614.3K
Cap Rate 9%
$477,822
$477.8K
Market Conditions
NOI Build-Up for 3,185 SF
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.
Gross rent
$65.4K $20.52/SF
− Vacancy
−$3.9K −$1.23/SF
EGI
$61.4K $19.29/SF
− OpEx
−$18.4K −$5.79/SF
NOI
$43.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,080
Cap Rate 7%
$614,343
Cap Rate 9%
$477,822
Alternative Uses
Best Use
Retail
$614.3K
$537.6K – $716.7K
NOI $43,004 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.40M
$2.10M – $2.80M
NOI $167,929 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
Burger King
Dining
10,225 visits/mo
0.5 miles
CarMax
Shops & Services
4,992 visits/mo
0.4 miles
Domino's Pizza
Dining
4,407 visits/mo
0.5 miles
Stars Drive-In
Dining
776 visits/mo
0.5 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — 901 W Expy 83, San Juan, TX 78589
- Coin Cloud Bitcoin ATM — 901 W Expy 83, San Juan, TX 78589
- Three View Plaza — 909 State Hwy 495, San Juan, TX 78589
- Botanica Eshu Odara — 2012 N Raul Longoria Rd suite e, San Juan, TX 78589
- Coinstar Kiosk | Bitcoin ATM — H.E.B., 901 W. Expy 83, San Juan, TX 78589
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2024, the center includes central air, electric service, paved access, and handicap parking.
Where is this shopping center located?
The property is located at 1907 Veterans Boulevard Pharr, TX.
What is the asking price?
The asking price for this property is $889,999.
What are key features of this property?
This property features: Four‑suite shopping center with approximately 3,080 SF of estimated leasable space; Each suite measures approximately 770 SF; Three of four suites are occupied; one suite is vacant
