Mixed-Use Plaza with Event
New
For Sale
Contact for pricing
404 Interstate 2, Pharr, TX 78577
The development includes retail, restaurant, professional office, and event space alongside a building-materials operation.
Property Size7,200 SF
Lot Size8.00 Acres
Price / SF$0.34
Days on Market2
Property Features for 404 Interstate 2
General Information
Standard status
Active
Size
7,200 SF
Lot size
8.00 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
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 1:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Wood Row Plaza is an 8-acre mixed-use development in Pharr, Texas, with retail, restaurant, and professional office space, an event hall, and the Matt’s Building Materials operation. Available spaces range from 1,200 SF to 7,200 SF. The property was built in 2024.
The site is adjacent to Interstate 2 and Highway 281/69C. Nearby businesses include Lexus, Carmax, Top Golf, Pappadeaux, Academy, and Whataburger, with a high-density residential area also in the surrounding context.
The site is adjacent to Interstate 2 and Highway 281/69C. Nearby businesses include Lexus, Carmax, Top Golf, Pappadeaux, Academy, and Whataburger, with a high-density residential area also in the surrounding context.
Key Highlights
- 8‑acre mixed‑use development
- Available spaces range from 1,200 SF to 7,200 SF
- Includes retail, restaurant, professional office, and event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,000
$1.5M
Cap Rate 7%
$1,041,429
$1.0M
Cap Rate 9%
$810,000
$810.0K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$129.6K $18.00/SF
− Vacancy
−$13.0K −$1.80/SF
EGI
$116.6K $16.20/SF
− OpEx
−$43.7K −$6.07/SF
NOI
$72.9K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,000
Cap Rate 7%
$1,041,429
Cap Rate 9%
$810,000
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,216 @ 7.0% cap · market cap 3,951.87%
Second Best
Mixed Use
$1.04M
$911.3K – $1.22M
NOI $72,900 @ 7.0% cap · market cap 2,963.41%
Theoretical Best
Hotel Hospitality
$5.42M
$4.75M – $6.33M
NOI $379,620 @ 7.0% cap · market cap 15,431.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Home Improvements & Furnishings 1%
Whataburger
Dining
20,911 visits/mo
0.4 miles
Valero Energy
Shops & Services
13,240 visits/mo
0.4 miles
Stripes
Shops & Services
11,790 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
5,240 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
3,196 visits/mo
0.1 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The development includes retail, restaurant, professional office, and event space alongside a building-materials operation.
Where is this mixed-use property located?
The property is located at 404 Interstate 2 Pharr, TX.
What are key features of this property?
This property features: 8‑acre mixed‑use development; Available spaces range from 1,200 SF to 7,200 SF; Includes retail, restaurant, professional office, and event space
