Shopping Center with Paved
For Sale
$620,000
5818 S Cage Boulevard, Pharr, TX 78577
The 2011 commercial property offers central air, paved access, and dedicated customer parking.
Property Size2,944 SF
Price / SF$210.60
Days on Market231
Property Features for 5818 S Cage Boulevard
General Information
Standard status
Active
Size
2,944 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$9,858
Amenities
Central Air
3
17 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
2011
Listing Agency:
Nova Realty Enterprise Llc
(956) 586-8968
Listed By:
Gabriela Chavez
(956) 586-8968
Source:
Xome
Added: Jan 11
Changed: Aug 29
Last Checked: Aug 29 at 5:12PM
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 Nova Realty Enterprise Llc
Investment Insights
Based on property information with market context.
This shopping center contains 2,944 square feet and was built in 2011. Central air serves the property, while the paved driveway supports on-site access and circulation. The site includes 17 parking spaces.
Located at 5818 S Cage Boulevard in Pharr, Texas, the property fronts a city road and provides a straightforward commercial setting for retail occupancy.
Located at 5818 S Cage Boulevard in Pharr, Texas, the property fronts a city road and provides a straightforward commercial setting for retail occupancy.
Key Highlights
- 2,944‑square‑foot shopping center
- Built in 2011
- 17 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,000
$795.0K
Cap Rate 7%
$567,857
$567.9K
Cap Rate 9%
$441,667
$441.7K
Market Conditions
NOI Build-Up for 2,944 SF
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.
Gross rent
$60.4K $20.52/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$56.8K $19.29/SF
− OpEx
−$17.0K −$5.79/SF
NOI
$39.8K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,000
Cap Rate 7%
$567,857
Cap Rate 9%
$441,667
Alternative Uses
Best Use
Retail
$567.9K
$496.9K – $662.5K
NOI $39,750 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.22M
$1.94M – $2.59M
NOI $155,222 @ 7.0% cap · market cap 25.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 37%
Home Improvements & Furnishings 11%
Electronics 1%
Jack in the Box
Dining
14,181 visits/mo
0.4 miles
Sunoco
Shops & Services
13,568 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,984 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,014 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
6,808 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - The 2011 commercial property offers central air, paved access, and dedicated customer parking.
Where is this shopping center located?
The property is located at 5818 S Cage Boulevard Pharr, TX.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2,944‑square‑foot shopping center; Built in 2011; 17 parking spaces
