Flex Space with
New
For Sale
Contact for pricing
230 E US Highway 83, Pharr, TX 78577
A separate office area and side access support a mix of administrative and inventory functions.
Property Size3,625 SF
Price / SF$0.83
Days on Market2
Property Features for 230 E US Highway 83
General Information
Standard status
Active
Size
3,625 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:34PM
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 remodeled flex property offers 3,625 square feet, including 625 square feet of office space and a larger warehouse area for inventory. A side door provides an additional point of entry and exit.
The building is at the corner of US Highway 83 and Birch Street in Pharr, 0.5 mile from downtown on its east side. Its previous use was a glass business serving automotive and residential window needs.
The building is at the corner of US Highway 83 and Birch Street in Pharr, 0.5 mile from downtown on its east side. Its previous use was a glass business serving automotive and residential window needs.
Key Highlights
- 3,625 square feet, including 625 square feet of office space
- Warehouse area for inventory
- Side door provides an additional entry and exit point
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,713
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,260
$354.3K
Cap Rate 7%
$253,043
$253.0K
Cap Rate 9%
$196,811
$196.8K
Market Conditions
NOI Build-Up for 3,625 SF
Gross rent
$29.1K $8.04/SF
− Vacancy
−$1.9K −$0.52/SF
EGI
$27.3K $7.52/SF
− OpEx
−$9.5K −$2.63/SF
NOI
$17.7K $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%
$354,260
Cap Rate 7%
$253,043
Cap Rate 9%
$196,811
Alternative Uses
Best Use
Warehouse
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 772.10%
Second Best
Industrial
$272.5K
$238.4K – $317.9K
NOI $19,075 @ 7.0% cap · market cap 635.83%
Theoretical Best
Hotel Hospitality
$2.73M
$2.39M – $3.19M
NOI $191,128 @ 7.0% cap · market cap 6,370.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Under-served
Demand for This Use
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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 Industrial in South region
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 - A separate office area and side access support a mix of administrative and inventory functions.
Where is this flex space located?
The property is located at 230 E US Highway 83 Pharr, TX.
What are key features of this property?
This property features: 3,625 square feet, including 625 square feet of office space; Warehouse area for inventory; Side door provides an additional entry and exit point
