Two-Story Retail and Office
For Sale
$2,583,000
902 S Cage Boulevard Pharr, Pharr, TX 78577
Two-story commercial building with first-floor retail space and second-floor office configuration.
Property Size9,575 SF
Price / SF$269.77
Days on Market96
Property Features for 902 S Cage Boulevard Pharr
General Information
Standard status
Active
Size
9,575 SF
Total Parking Spaces
40
Taxes and HOA fees
Annual Taxes
$28,700
Amenities
Tile
true
8000
HidalgoCAD
1.1185
40
00x00
Pole Sign
Blacktop,Handicap
Paved Road
City Street
9575
false
Building Details
Building Size
9,575 SF
Year Built
2006
Stories
1
Listed By:
Ariana Paola Torres
(956) 625-0050
Source:
Goldenvalley-realestate
Added: Jul 10
Changed: Oct 12
Last Checked: Oct 7 at 9:15AM
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 Ariana Paola Torres
Investment Insights
Based on property information with market context.
This two-story commercial property is currently operating as a meat market/restaurant. The first floor provides retail space suited for customer-facing use, while the second floor is configured as office space for administrative or professional functions.
The property is located off S Cage Boulevard in Pharr. Public remarks also note strong visibility and functionality for businesses.
The adaptable layout supports retail activity on the lower level with office space above, offering a straightforward way to combine customer service and day-to-day operations within a single building.
The property is located off S Cage Boulevard in Pharr. Public remarks also note strong visibility and functionality for businesses.
The adaptable layout supports retail activity on the lower level with office space above, offering a straightforward way to combine customer service and day-to-day operations within a single building.
Key Highlights
- Two‑story commercial building with 8,000 SF retail space and 9,575 SF total building area
- First floor configured for meat market/restaurant retail use; second floor set up as office space
- Year built: 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,161
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,203,220
$3.2M
Cap Rate 7%
$2,288,014
$2.3M
Cap Rate 9%
$1,779,567
$1.8M
Market Conditions
NOI Build-Up for 9,575 SF
Gross rent
$294.1K $30.72/SF
− Vacancy
−$80.6K −$8.42/SF
EGI
$213.5K $22.30/SF
− OpEx
−$53.4K −$5.58/SF
NOI
$160.2K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,203,220
Cap Rate 7%
$2,288,014
Cap Rate 9%
$1,779,567
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,161 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$1.85M
$1.62M – $2.15M
NOI $129,283 @ 7.0% cap · market cap 5.01%
Theoretical Best
Hotel Hospitality
$7.21M
$6.31M – $8.41M
NOI $504,842 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story commercial building with first-floor retail space and second-floor office configuration.
Where is this retail space located?
The property is located at 902 S Cage Boulevard Pharr Pharr, TX.
What is the asking price?
The asking price for this property is $2,583,000.
What are key features of this property?
This property features: Two‑story commercial building with 8,000 SF retail space and 9,575 SF total building area; First floor configured for meat market/restaurant retail use; second floor set up as office space; Year built: 2006
