Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1213 Interstate 2 Pharr, TX 78577

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-Traffic Retail Property, 10,500 SF

    Property size:
    10,500 SF

    Property Features for 1213 Interstate 2

    General Information

    Property type
    Specialty properties
    Square Feet
    10,500 SF
    Lot Size
    338,026 SF

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    R.i. Pecina
    R.i. Pecina

    Listing Agency: The Pecina Real Estate Group Listing Agent: R.i. Pecina

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 7.76-acre commercial property in Pharr, Texas, presents a unique investment opportunity. Located at 1213 Interstate 2, this property boasts 10,500 square feet of leasable space, currently housing a leased building. The property's zoning (CO) allows for diverse uses, including a car lot or logistics center, making it highly adaptable to various business needs. Its prime location offers excellent accessibility from Expressway, Egly Street, and Sugar Road, ensuring high visibility and convenient access for customers and employees. The property also includes a double-wide mobile home currently serving as an office. An additional 2-acre tract is included in this offering. The existing lease provides immediate cash flow, while the expansive lot size and strategic location offer significant potential for future development and expansion. Built in 1973, this property is priced at $8,200,000, or $780.95 per square foot. The APN is K2400-00-000-0169-04. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a thriving Texas market. The property's versatility and prime location make it an ideal investment for discerning buyers seeking strong returns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1968713
    Latitude
    26.2031911

    Nearby Similar for Sale

    • $579,000
      2,304 SF

      Pharr, Texas Commercial Lot

      0.5-acre lot with drive-thru building in Pharr, Texas.
      407 N Veterans Blvd, Pharr, TX 78577
      View Details
    • New
      $1,200,000
      8,674 SF

      Prime Corner Commercial Property

      Highly visible corner location in Pharr, Texas, suitable for various businesses.
      301 N Cage Blvd, Pharr, TX 78577
      View Details
    • $275,000
      1,200 SF

      Turnkey Restaurant in South Pharr

      Established restaurant for sale in a prime location.
      5814 Cage Blvd, Pharr, TX 78577
      View Details
    • $1,250,000
      6,264 SF

      Pharr Commercial Investment Opportunity

      High-visibility commercial property on a busy corridor with immediate access.
      1000 N Cage Blvd, Pharr, TX 78577
      View Details
    • $1,100,000
      7,584 SF

      Pharr Warehouse with Office Space

      7,584 SF warehouse with office space for sale.
      1709 Mozelle St, Pharr, TX 78577
      View Details
    • $499,000
      3,823 SF

      Restaurant Building with Commercial Kitchen

      Former restaurant with kitchen, suitable for retail or redevelopment.
      6701 S Jackson Rd, Pharr, TX 78577
      View Details
    • $980,000
      520 SF

      Commercial Building on Veterans Blvd

      Freestanding commercial building suitable for automotive or alternative uses.
      704 N I Rd, Pharr, TX 78577
      View Details
    • $230,000
      1,800 SF

      Pharr Commercial Building For Sale

      1,800 sq ft commercial building in high-traffic Pharr location.
      2310 S Cage Blvd, Pharr, TX 78577
      View Details
    • New
      $379,000
      3,744 SF

      Gated 4-Plex Near Expressway

      Four identical units with modern kitchens and private entrances.
      2216 N Dahlia St, Pharr, TX 78577
      View Details
    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail, office, and warehouse space.
      913 W Us Hwy, Pharr, TX 78577
      View Details
    • $1,795,000
      6,241 SF

      Pharr Commercial Building For Sale

      Commercial building with high traffic, strong exposure, and endless potential.
      1009 E Interstate 2, Pharr, TX 78577
      View Details
    • $510,000
      Pending

      New Fourplex Near Expressway 281

      New fourplex in Pharr, TX, ideal for investors.
      4905 N Dahlia St, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Specialty property - High-Traffic Retail Property, 10,500 SF
    Where is this specialty property located?
    The property is located at 1213 Interstate 2 Pharr, TX.
    What is the asking price?
    The asking price for this property is $8,200,000.
    What are key features of this property?
    This property features: $8,200,000 asking price.; 10,500 square foot retail/special purpose property.; $780.95 price per square foot.
    (956) 581-5759 Call to check price and availability
    Request Owner's contact information
    1213 Interstate 2 Pharr, TX 78577
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1213 Interstate 2
    Pharr, TX 78577
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 Interstate 2 Pharr, TX 78577
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing R.i. Pecina
    R.i. Pecina
    (956) 581-5759
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!