Medical Office Suites with Shell
New
For Sale
Contact for pricing
7013 S Cage Boulevard, Pharr, TX 78577
The plaza includes a completed primary care office alongside multiple suites in shell condition.
Property Size12,564 SF
Price / SF$0.18
Days on Market2
Property Features for 7013 S Cage Boulevard
General Information
Standard status
Active
Size
12,564 SF
Property subtype
Commercial
Additional Details
Property Use
Medical Office
Building Details
Year Built
1992
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:05PM
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
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Investment Insights
Based on property information with market context.
Las Milpas Professional Plaza is a 12,564-square-foot medical office property built in 1992. Suite C is configured as a second-generation primary care physician office, while Suite B is in shell condition. Suites E and F are vanilla shells, allowing for customized interior layouts.
The property is approximately 1,500 feet from Junior’s Supermarket and near Tractor Supply and Advance Auto Parts. The landlord controls adjacent land that may be suitable for additional parking.
The property is approximately 1,500 feet from Junior’s Supermarket and near Tractor Supply and Advance Auto Parts. The landlord controls adjacent land that may be suitable for additional parking.
Key Highlights
- 12,564‑square‑foot medical office property
- Built in 1992
- Suite C is a second‑generation primary care physician office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,901
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,718,020
$3.7M
Cap Rate 7%
$2,655,729
$2.7M
Cap Rate 9%
$2,065,567
$2.1M
Market Conditions
NOI Build-Up for 12,564 SF
Gross rent
$372.4K $29.64/SF
− Vacancy
−$62.6K −$4.98/SF
EGI
$309.8K $24.66/SF
− OpEx
−$123.9K −$9.86/SF
NOI
$185.9K $14.80/SF
Area
Hidalgo County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,718,020
Cap Rate 7%
$2,655,729
Cap Rate 9%
$2,065,567
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.50M
NOI $210,159 @ 7.0% cap · market cap 9,311.43%
Second Best
Healthcare Medical
$2.66M
$2.32M – $3.10M
NOI $185,901 @ 7.0% cap · market cap 8,236.64%
Theoretical Best
Hotel Hospitality
$9.46M
$8.28M – $11.04M
NOI $662,437 @ 7.0% cap · market cap 29,350.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The plaza includes a completed primary care office alongside multiple suites in shell condition.
Where is this medical office space located?
The property is located at 7013 S Cage Boulevard Pharr, TX.
What are key features of this property?
This property features: 12,564‑square‑foot medical office property; Built in 1992; Suite C is a second‑generation primary care physician office
