Fully Leased Multi-Tenant
3601 N Veterans Boulevard N Pharr, TX 78577
For Sale
$525,000
Multi-tenant retail property with three occupied suites on high-traffic Veterans Blvd.
Property Size3,250 SF
Price / SF$161.54
Days on Market69
Property Features for 3601 N Veterans Boulevard N
General Information
- Standard status
- Active
- Size
- 3,250 SF
Listing Agency:
Enriquez Consulting LLC
(956) 249-0075
Listed By:
Oscar Enriquez
(956) 249-0075
Source:
Exprealty
Added: May 16
Changed: Jul 21
Last Checked: Jul 22 at 6:58AM
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 Enriquez Consulting LLC
Investment Insights
Based on property information with market context.
This fully leased, multi-tenant retail property includes three occupied suites. The site is configured for storefront retail use with ample parking to support customer access.
The property is located on Veterans Blvd. (I-Road) with easy access to Eldora Rd. It benefits from visibility and strong frontage, with ingress and egress designed for practical day-to-day operations.
As an income-producing asset, the property is presented as stabilized with all three suites currently occupied.
The property is located on Veterans Blvd. (I-Road) with easy access to Eldora Rd. It benefits from visibility and strong frontage, with ingress and egress designed for practical day-to-day operations.
As an income-producing asset, the property is presented as stabilized with all three suites currently occupied.
Key Highlights
- Fully leased multi‑tenant retail property at 3601 N. Veterans Blvd., Pharr, Texas
- 3 occupied suites providing immediate rental income
- Located on high‑traffic Veterans Blvd. (I‑Road)
Financial Insights For 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 | $66.7k | $20.52 |
| − Vacancy | −$4.0k | −$1.23 |
| EGI | $62.7k | $19.29 |
| − OpEx | −$18.8k | −$5.79 |
| NOI | $43.9k | $13.50 |
3,250 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.45M
$2.14M – $2.86M
NOI $171,356 @ 7.0% cap · market cap 32.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Multi-tenant retail property with three occupied suites on high-traffic Veterans Blvd.
Where is this retail space located?
The property is located at 3601 N Veterans Boulevard N Pharr, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully leased multi‑tenant retail property at 3601 N. Veterans Blvd., Pharr, Texas; 3 occupied suites providing immediate rental income; Located on high‑traffic Veterans Blvd. (I‑Road)
