Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2612 Cage Blvd Pharr, TX 78577

    Sponsored
    For Sale
    $775,000

    2.56 Acres, US 281 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 2.56-acre commercial land parcel presents a prime investment opportunity in Pharr, Texas. Located at 2612 S Cage Boulevard, this property boasts 250 feet of frontage on the heavily trafficked US 281 highway, offering unparalleled visibility and accessibility. The lot's depth extends 497 feet, providing ample space for development. Currently zoned for commercial use by the city of Pharr, this site is ideal for a retail plaza or office complex. The property is fully enclosed by a chain-link fence, enhancing security. The strategic location benefits from planned new commercial developments in the immediate vicinity, promising future growth and increased property value. The seller is highly motivated and is willing to consider owner financing with a 35% down payment at the full asking price of $775,000. While suitable for various commercial ventures, a zoning change would be required for uses involving heavy truck traffic. This presents a compelling opportunity for a savvy investor seeking a high-traffic location in a thriving Texas market. The property is situated in Hidalgo County, Texas, with a zip code of 78577.

    Property Features for 2612 Cage Blvd

    General Information

    Property type
    Land
    Lot Size
    111,514 SF

    We can help!

    Listing Contact
    Charlie Ramirez

    Learn more

    HighLights

    • 2.56‑acre commercial land parcel in Pharr, Texas.
    • 250 feet of frontage on heavily trafficked US 281.
    • Currently zoned for commercial use; ideal for retail or office.
    • Fully fenced; seller offering owner financing (35% down).
    • Asking price: $775,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.18973
    Latitude
    26.1652592

    Nearby Similar for Sale

    • $387,500
      3,796 SF

      Pharr Fourplex: Investment Opportunity

      Fully occupied fourplex in Pharr, TX, a great investment.
      115 W Albatross Ave, Pharr, TX 78577
      View Details
    • New
      $2,798,800
      23,400 SF

      Pharr Industrial Property with Rail Access

      1.85-acre industrial property with warehouse, loading bays, and private rail.
      100 N Dogwood St, Pharr, TX 78577
      View Details
    • $2,583,000
      9,575 SF

      Versatile Commercial Property in Pharr

      Two-story commercial property with retail and office space.
      902 S Cage Blvd, Pharr, TX 78577
      View Details
    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail space, warehouse, and ample parking.
      913 W Us Hwy, Pharr, TX 78577
      View Details
    • $387,500
      3,796 SF

      Pharr Fourplex: Investment Opportunity

      Fully occupied fourplex in Pharr, TX, a great investment.
      201 W Albatross Ave, Pharr, TX 78577
      View Details
    • New
      $1,003,900
      1,200 SF

      Commercial Property on I69 & US281

      Commercial property with high visibility and income potential.
      2200 Cage Blvd N, Pharr, TX 78577
      View Details
    • $980,000
      520 SF

      Commercial Property on Veterans Blvd

      Commercial building on Veterans Blvd, configured for automotive service.
      704 N I Rd, Pharr, TX 78577
      View Details
    • $250,000
      4,368 SF

      Pharr Duplex in Gated Community

      Two-story duplex in Pharr Plantation with community amenities and security.
      3000 Ashley Pl, Pharr, TX 78577
      View Details
    • $1,200,000
      8,674 SF

      Prime Corner Commercial Property, Pharr

      High-visibility corner lot ideal for professional services.
      301 N Cage Blvd, Pharr, TX 78577
      View Details
    • $396,000
      3,640 SF

      Pharr Fourplex Investment Opportunity

      Well-maintained fourplex in prime location, ideal for investors.
      2205 N Erica St, Pharr, TX 78577
      View Details
    • $499,000
      3,823 SF

      Restaurant Building with Commercial Kitchen

      Former restaurant with kitchen for sale in Pharr, Texas.
      6701 S Jackson Rd, Pharr, TX 78577
      View Details
    • $510,000
      3,944 SF

      New Fourplex in Pharr, TX

      New fourplex near expressway with furnished unit for short-term rental.
      4905 N Dahlia St, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Land - 2.56 Acres, US 281 Frontage, High Traffic
    Where is this land located?
    The property is located at 2612 Cage Blvd Pharr, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 2.56-acre commercial land parcel in Pharr, Texas.; 250 feet of frontage on heavily trafficked US 281.; Currently zoned for commercial use; ideal for retail or office.
    Request Owner's contact information
    2612 Cage Blvd 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.
    2612 Cage Blvd
    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
    2612 Cage Blvd 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!
    Listing Contact
    Charlie Ramirez
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.