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    Pharr, Texas Commercial Lot Title is generated by Realmo AI

    407 N Veterans Boulevard lot 1, Pharr, TX 78577

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    Claim this Listing
    For Sale
    $579,000

    LAND - TX

    Property size:
    2,304 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $251/SF
    Added:
    Aug 9, 2025
    Days on Market:
    311
    Last Refresh:
    Jun 15 at 6:06 am

    Property Features for 407 N Veterans Boulevard lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R604528
    Size
    2,304 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Description
    CANTU-GUERRA NO. 2 LOT 1

    We can help!

    Listing Contact
    Juan Chavez

    Listing agent Juan Chavez License #0616301

    Listing office CapStone Realty PLLC 700 W Redwood Ave., McAllen, TX

    Listing date Aug 9, 2025

    MLS# 463228 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 0.5‑acre lot with excellent frontage on a high‑traffic thoroughfare.
    • Over 13,000 sq. ft. of concrete paving.
    • Includes a 720 sq. ft. drive‑thru building.
    • Durable construction: solid brick exterior walls and metal roof.
    • 20‑foot ceilings for adaptable use.
    • Slab foundation.

    Overview

    Located at 407 N Veterans Boulevard in Pharr, Texas, this 0.5-acre lot offers frontage on a high-traffic thoroughfare. The property includes over 13,000 sq. ft. of concrete paving and a 720 sq. ft. drive-thru building. Constructed with solid brick exterior walls, a metal roof, 20-foot ceilings, and a slab foundation, the structure is designed for durability and adaptable use. This property is suitable for a potential commercial project.

    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 $47.3k $20.52
    − Vacancy −$2.7k −$1.17
    EGI $44.6k $19.35
    − OpEx −$11.1k −$4.84
    NOI $33.4k $14.51
    2,304 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $477.7K
    $418.0K – $557.3K (±1% cap)
    NOI $33,437 @ 7.0% cap · market cap 5.77%
    Second Best
    Retail
    $444.4K
    $388.9K – $518.5K (±1% cap)
    NOI $31,109 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Hotel Hospitality
    $1.74M
    $1.52M – $2.02M (±1% cap)
    NOI $121,478 @ 7.0% cap · market cap 20.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.167305
    Latitude
    26.196571

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    FAQs

    What type of property is this?
    Drive through restaurant - 0.5-acre lot with drive-thru building in Pharr, Texas.
    Where is this drive through restaurant located?
    The property is located at 407 N Veterans Boulevard lot 1 Pharr, TX.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: Prime 0.5‑acre lot with excellent frontage on a high‑traffic thoroughfare.; Over 13,000 sq. ft. of concrete paving.; Includes a 720 sq. ft. drive‑thru building.
    (956) 638-8821
    We can help!
    Listing Contact
    Juan Chavez
    Real Estate License ID: 0616301
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