Office Unit with Conference Room
New
For Sale
Contact for pricing
2203 N Sugar Road, Pharr, TX 78577
A private office within an established real estate office has access to shared amenities.
Property Size1,560 SF
Price / SF$0.22
Days on Market2
Property Features for 2203 N Sugar Road
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
conference room
bathroom
kitchenette
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:43AM
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.
This 1,560-square-foot office property, built in 2006, includes a private office within an established real estate office. Shared amenities include a conference room, bathroom and kitchenette, along with Wi-Fi, electricity and water.
The property is near the southwest corner of FM 495, also known as Ferguson Avenue, and N Sugar Road in Pharr. Banks, restaurants and business centers are nearby, with access to McAllen, Edinburg and the PSJA Business Districts.
The property is near the southwest corner of FM 495, also known as Ferguson Avenue, and N Sugar Road in Pharr. Banks, restaurants and business centers are nearby, with access to McAllen, Edinburg and the PSJA Business Districts.
Key Highlights
- 1,560‑square‑foot office property built in 2006
- Private office within an established real estate office
- Shared conference room, bathroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,094
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,880
$521.9K
Cap Rate 7%
$372,771
$372.8K
Cap Rate 9%
$289,933
$289.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$47.9K $30.72/SF
− Vacancy
−$13.1K −$8.42/SF
EGI
$34.8K $22.30/SF
− OpEx
−$8.7K −$5.58/SF
NOI
$26.1K $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%
$521,880
Cap Rate 7%
$372,771
Cap Rate 9%
$289,933
Alternative Uses
Best Use
Office B
$372.8K
$326.2K – $434.9K
NOI $26,094 @ 7.0% cap · market cap 7,455.43%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.18M
$1.03M – $1.37M
NOI $82,251 @ 7.0% cap · market cap 23,500.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
732
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private office within an established real estate office has access to shared amenities.
Where is this office unit located?
The property is located at 2203 N Sugar Road Pharr, TX.
What are key features of this property?
This property features: 1,560‑square‑foot office property built in 2006; Private office within an established real estate office; Shared conference room, bathroom and kitchenette
