Flex Industrial Development with Overhead
New
For Sale
Contact for pricing
1908 W Sharm Drive Unit 1, Pharr, TX 78577
Twenty suites offer flexible configurations, including individual occupancy and combined spaces across two buildings.
Property Size1,800 SF
Price / SF$1.65
Days on Market2
Property Features for 1908 W Sharm Drive Unit 1
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Flex Industrial
Building Details
Year Built
2026
Buildings
2
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:54PM
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.
A new flex industrial project at 1908 W Sharm Drive is planned with 20 units, each equipped with one overhead door. Individual suites range from approximately 1,650 to 1,800 square feet, with options to combine multiple suites, lease a full building, or take both buildings. Completion is estimated for December 2026.
The property is in an industrial corridor in Pharr, with access to Jackson Road, Interstate 2, McAllen, and the Pharr International Bridge.
The property is in an industrial corridor in Pharr, with access to Jackson Road, Interstate 2, McAllen, and the Pharr International Bridge.
Key Highlights
- 20 planned flex industrial units, each with one overhead door
- Individual suites range from approximately 1,650 to 1,800 SF
- Options include multi‑suite combinations, a full building, or both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,795
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,900
$175.9K
Cap Rate 7%
$125,643
$125.6K
Cap Rate 9%
$97,722
$97.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$14.5K $8.04/SF
− Vacancy
−$941 −$0.52/SF
EGI
$13.5K $7.52/SF
− OpEx
−$4.7K −$2.63/SF
NOI
$8.8K $4.89/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,900
Cap Rate 7%
$125,643
Cap Rate 9%
$97,722
Alternative Uses
Best Use
Warehouse
$164.3K
$143.8K – $191.7K
NOI $11,502 @ 7.0% cap · market cap 387.27%
Second Best
Industrial
$135.3K
$118.4K – $157.9K
NOI $9,472 @ 7.0% cap · market cap 318.92%
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $94,905 @ 7.0% cap · market cap 3,195.45%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Similar Off Market Nearby
- La Cocina de Conchis — 1301 E Pecan Blvd Ste A, McAllen, TX 78501
- Briones Catering — 1511 W Adams St, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Flex space - Twenty suites offer flexible configurations, including individual occupancy and combined spaces across two buildings.
Where is this flex space located?
The property is located at 1908 W Sharm Drive Unit 1 Pharr, TX.
What are key features of this property?
This property features: 20 planned flex industrial units, each with one overhead door; Individual suites range from approximately 1,650 to 1,800 SF; Options include multi‑suite combinations, a full building, or both buildings
