Property profile

1205 E Nolana Loop Pharr, TX 78577

FOR SALE
Small apartment buildings
Property ID
US82-5139504
15.73 ac lot
Entity Owned 7-yr Hold
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1205 E Nolana Loop, Pharr, TX 78577 For Sale
$1,585,000
1205 E Nolana Loop, Pharr, TX 78577
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Property summary

AI-generated overview

This exceptional 15.73-acre property, located at 1205 W Nolana Loop in Pharr, Texas, presents a remarkable investment opportunity. Situated on a hard corner at the intersection of Nolana Loop and Sugar Road, this expansive lot offers unparalleled visibility and accessibility. Zoned for mixed-use development, this land is ideal for a variety of commercial and residential projects, including apartment buildings, duplexes, triplexes, or quadplexes. The property's substantial size allows for significant development potential, catering to a range of project scales and designs. The asking price is $7,023,000. The property's location in Hidalgo County, Texas, within the city of Pharr (zip code 78577), provides access to a growing population and robust local economy. The coordinates are 26.2356534 latitude and -98.1950086 longitude. All offers will be considered by the seller. This is a truly unique opportunity to acquire a large, strategically located parcel of land with immense potential for future development and significant return on investment. Further details are available upon request.

Property profile

Verified
Property type Small apartment buildings
Lot 15.73 ac (685,199 SF)
UPID US82-5139504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1205 E Nolana Loop Pharr, TX 78577
Pharr metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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