301 W US Highway 83 Pharr, TX 78577
COMMERCIAL - Pharr, TX
- Added:
- Jul 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 11 at 5:06 am
Property Features for 301 W US Highway 83
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Exterior features
- Storage
- Appliances
- Water Heater (None)
- Standard status
- Active
- APN
- P640000036000001
- Size
- 1,380 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7576
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agent Jorge L. Zambrano (956) 800-3623
Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX (956) 465-0011
Listing date Jul 10, 2026
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is situated on a high-visibility corner with frontage on Business 83 and S. 6th St. It also features a restaurant component within the commercial building, according to the available remarks.
The site offers physical infrastructure suited to gas/convenience operations, while also providing a redevelopment option subject to buyer verification and applicable regulations.
Key Highlights
- Approximately 1,380 SF commercial building formerly operated as a gas station/convenience store with restaurant
- High‑visibility corner with frontage on Business 83 and S. 6th St.
- Fuel pumps and underground storage tanks remain on‑site; tanks were inspected/tested in 2018 with satisfactory results (documentation available upon request).
Local Financial Insights For Specialty Retail
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 | $28.3k | $20.52 |
| − Vacancy | −$1.6k | −$1.17 |
| EGI | $26.7k | $19.35 |
| − OpEx | −$6.7k | −$4.84 |
| NOI | $20.0k | $14.51 |
