Former Police Station Redevelopment
For Sale
$599,000
202 E Clark Avenue, Pharr, TX 78577
Heavy Commercial zoning and an existing building support office, showroom, flex, or yard and facility uses.
Property Size8,237 SF
Lot Size1.00 Acre
Price / SF$72.72
Days on Market80
Property Features for 202 E Clark Avenue
General Information
Standard status
Active
Size
8,237 SF
Lot size
1.00 Acre
Property subtype
General Commercial
Building Details
Year Built
1980
Listing Agency:
Imperio Real Estate Llc
(312) 539-9020
Listed By:
Irasema Almazan
(312) 539-9020
Source:
Xome
Added: May 14
Changed: Jul 10
Last Checked: Jul 31 at 3:17PM
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 Imperio Real Estate Llc
Investment Insights
Based on property information with market context.
Former City of Pharr Police Station offered for sale with an approximately 1-acre site and an existing 8,000-square-foot building. The property’s Heavy Commercial zoning provides flexibility for continued commercial use or redevelopment, with substantial enclosed space to support a range of operational needs.
Located at 202 E Clark Avenue in Pharr, Texas, the property is positioned to provide strong visibility and convenient access for customers and service activity. The asset is offered in a single site configuration designed to accommodate business operations that benefit from both building space and outdoor room.
The existing improvements make this facility workable for tenants or owners seeking an adaptable property for office, showroom, industrial or flex space, or other commercial formats that may require a contractor yard, trucking-related use, or an event and community setting. It also may fit users such as a church or community center, subject to buyer verification of zoning and permitted uses. Owner financing is available, and the buyer is advised to verify all property information, zoning, dimensions, and intended uses prior to closing.
Located at 202 E Clark Avenue in Pharr, Texas, the property is positioned to provide strong visibility and convenient access for customers and service activity. The asset is offered in a single site configuration designed to accommodate business operations that benefit from both building space and outdoor room.
The existing improvements make this facility workable for tenants or owners seeking an adaptable property for office, showroom, industrial or flex space, or other commercial formats that may require a contractor yard, trucking-related use, or an event and community setting. It also may fit users such as a church or community center, subject to buyer verification of zoning and permitted uses. Owner financing is available, and the buyer is advised to verify all property information, zoning, dimensions, and intended uses prior to closing.
Key Highlights
- Former City of Pharr Police Station with an existing 8,000 SF commercial building
- Approximately 1‑acre site with Heavy Commercial zoning
- Parking: 1 paved parking space on site
Financial Insights For Industrial
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 | $66.2k | $8.04 |
| − Vacancy | −$4.3k | −$0.52 |
| EGI | $61.9k | $7.52 |
| − OpEx | −$18.6k | −$2.26 |
| NOI | $43.3k | $5.26 |
8,237 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,781 @ 7.0% cap · market cap 23.00%
Second Best
Industrial
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 7.24%
Theoretical Best
Hotel Hospitality
$6.20M
$5.43M – $7.24M
NOI $434,296 @ 7.0% cap · market cap 72.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,058
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carmen's Catering — 901 S Cage Blvd, Pharr, TX 78577
- Alex's Catering — 204 E Newcombe Ave, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Flex space - Heavy Commercial zoning and an existing building support office, showroom, flex, or yard and facility uses.
Where is this flex space located?
The property is located at 202 E Clark Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Former City of Pharr Police Station with an existing 8,000 SF commercial building; Approximately 1‑acre site with Heavy Commercial zoning; Parking: 1 paved parking space on site
