Well-Distributed Office Building For
819 N Veterans Boulevard, Pharr, TX 78577
Clean office building with wet bar and glass-enclosed rooms.
Type:Office
Property size:
5,325 SFPrice / SF:
$224/SF- Added:
- Nov 11, 2023
- Days on Market:
- 931
- Last Refresh:
- May 12 at 10:48 pm
Property Features for 819 N Veterans Boulevard
General Information
- Standard status
- Active
- Size
- 5,325 SF
- Property subtype
- Office
Building Details
- Year Built
- 2013
Listing agent R.I. Pecina
Listing office The Pecina Real Estate Group
Listing date Nov 11, 2023
Source Crexi
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 The Pecina Real Estate Group
HighLights
- High‑end office space with glass‑enclosed offices and privacy doors throughout.
- Prime location on Veterans Blvd, close to HEB, banks, restaurants, and other businesses.
- Second‑floor main office features a wet bar, private full bath with shower, and views of Veterans Blvd.
- Includes a large conference room with a granite table that seats 10‑12.
- Easy access to the second floor via both a wide staircase and an elevator.
- Suitable for various professional uses such as bank, credit union, insurance, or attorneys office.
Overview
This well-distributed and clean building features a main office upstairs with a wet bar and L-shaped glass walls and windows offering views of Veterans Boulevard. It includes a private full bath with a shower. The upstairs conference room has a granite table that seats 10-12 people, and all rooms are glass-enclosed with privacy doors. The downstairs office area is also glass-enclosed and has privacy doors. Access to the second floor is provided by both an extra-wide staircase with a landing and an elevator. The property is suitable for a bank, credit union, insurance, or attorneys office. It is located close to HEB, IBC Bank, Walgreens, McDonalds, and Subway. The property size is 5325 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.6k | $30.72 |
| − Vacancy | −$44.8k | −$8.42 |
| EGI | $118.8k | $22.30 |
| − OpEx | −$29.7k | −$5.58 |
| NOI | $89.1k | $16.73 |
5,325 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,071 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.01M
$3.51M – $4.68M
NOI $280,761 @ 7.0% cap · market cap 23.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1666259
- Latitude
- 26.2003915
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Clean office building with wet bar and glass-enclosed rooms.
Where is this office building located?
The property is located at 819 N Veterans Boulevard Pharr, TX.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: High‑end office space with glass‑enclosed offices and privacy doors throughout.; Prime location on Veterans Blvd, close to HEB, banks, restaurants, and other businesses.; Second‑floor main office features a wet bar, private full bath with shower, and views of Veterans Blvd.
