Concrete Tilt-Up
New
For Sale
$17,124,970
890 E Military Highway / 35.8 Acres, Pharr, TX 78577
Shell-condition industrial facility with multiple loading docks and three-phase power for distribution operations.
Property Size75,000 SF
Lot Size35.80 Acres
Price / SF$228.33
Days on Market2
Property Features for 890 E Military Highway / 35.8 Acres
General Information
Standard status
Active
Size
75,000 SF
Class
Class A
Lot size
35.80 Acres
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
75,000 SF
Dock-High Doors
15
Three-Phase Power
Yes
Building Details
Building Size
75,000 SF
Year Built
2024
Buildings
1
Construction
tilt-up concrete
Listing Agency:
NAI STX
(956) 994-8900
Listed By:
Laura Liza Paz
Source:
Commercialcafe
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 2:49PM
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 NAI STX
Investment Insights
Based on property information with market context.
Built in 2024, this 75,000-square-foot warehouse features concrete tilt-up construction and shell-condition interiors. The facility includes 15 loading docks, with clear heights ranging from 28 feet in the dock area to 32 feet at the highest loading dock area, along with three-phase power.
The property is located on Military Highway in Pharr, Texas, within BAHN Industrial Park and near the Pharr International Bridge. Its setting provides access to the U.S.-Mexico trade corridor and major regional highways.
The property is located on Military Highway in Pharr, Texas, within BAHN Industrial Park and near the Pharr International Bridge. Its setting provides access to the U.S.-Mexico trade corridor and major regional highways.
Key Highlights
- 75,000 SF concrete tilt‑up warehouse built in 2024
- 15 loading docks support loading and distribution activity
- Clear height ranges from 28' to 32' across loading dock areas
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
$479,234
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
2.80%
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%
$9,584,680
$9.6M
Cap Rate 7%
$6,846,200
$6.8M
Cap Rate 9%
$5,324,822
$5.3M
Market Conditions
NOI Build-Up for 75,000 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
$603.0K $8.04/SF
− Vacancy
−$39.2K −$0.52/SF
EGI
$563.8K $7.52/SF
− OpEx
−$84.6K −$1.13/SF
NOI
$479.2K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$9,584,680
Cap Rate 7%
$6,846,200
Cap Rate 9%
$5,324,822
Alternative Uses
Best Use
Warehouse
$6.85M
$5.99M – $7.99M
NOI $479,234 @ 7.0% cap · market cap 2.80%
Second Best
Industrial
$5.64M
$4.93M – $6.58M
NOI $394,663 @ 7.0% cap · market cap 2.30%
Theoretical Best
Hotel Hospitality
$56.49M
$49.43M – $65.91M
NOI $3,954,375 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Fresh Cold Storage, LLC — 10800 S Sugar Rd, Pharr, TX 78577
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- Eagle Cold Storage — 10701 S International Dr, Pharr, TX 78577
- Keep It Fresh Cold Storage LLC — 1101 W Capote Central Ave, Pharr, TX 78577
- Fresh Control Cold Storage — 1301 W Capote Central Ave, Pharr, TX 78577
Frequently Asked Questions
What type of property is this?
Warehouse - Shell-condition industrial facility with multiple loading docks and three-phase power for distribution operations.
Where is this warehouse located?
The property is located at 890 E Military Highway / 35.8 Acres Pharr, TX.
What is the asking price?
The asking price for this property is $17,124,970.
What are key features of this property?
This property features: 75,000 SF concrete tilt‑up warehouse built in 2024; 15 loading docks support loading and distribution activity; Clear height ranges from 28' to 32' across loading dock areas
