Office Suite with Marquee
New
For Sale
Contact for pricing
916 W Nolana Loop, Pharr, TX 78577
Two spacious rooms and a walk-in storage closet support a straightforward office layout.
Property Size900 SF
Price / SF$1.00
Days on Market2
Property Features for 916 W Nolana Loop
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Building Details
Year Built
2003
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:52PM
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.
This 900-square-foot office suite, built in 2003, is arranged with two large rooms, one bathroom, and a walk-in storage closet. Space on the property’s large exterior marquee sign is included, providing an additional place to display business information. The tenant is responsible for all utilities.
The suite is at the corner of Nolana Loop and Sugar Road, approximately one minute from Highway 281. Its location on a high-traffic street places it within a commercial corridor.
The suite is at the corner of Nolana Loop and Sugar Road, approximately one minute from Highway 281. Its location on a high-traffic street places it within a commercial corridor.
Key Highlights
- 900‑square‑foot office suite built in 2003
- Two large rooms and one bathroom
- Walk‑in storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,054
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,080
$301.1K
Cap Rate 7%
$215,057
$215.1K
Cap Rate 9%
$167,267
$167.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.6K $30.72/SF
− Vacancy
−$7.6K −$8.42/SF
EGI
$20.1K $22.30/SF
− OpEx
−$5.0K −$5.58/SF
NOI
$15.1K $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%
$301,080
Cap Rate 7%
$215,057
Cap Rate 9%
$167,267
Alternative Uses
Best Use
Office B
$215.1K
$188.2K – $250.9K
NOI $15,054 @ 7.0% cap · market cap 1,672.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$677.9K
$593.2K – $790.9K
NOI $47,453 @ 7.0% cap · market cap 5,272.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
372
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two spacious rooms and a walk-in storage closet support a straightforward office layout.
Where is this office unit located?
The property is located at 916 W Nolana Loop Pharr, TX.
What are key features of this property?
This property features: 900‑square‑foot office suite built in 2003; Two large rooms and one bathroom; Walk‑in storage closet
