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    1002 Sam Houston Blvd Pharr, TX 78577

    For Lease
    $20 SF/Yr

    Prime 1.55-acre commercial lot, 112 parking spaces.

    Lot size:
    3,018 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.55-acre commercial land parcel, located at 1002 W Sam Houston Boulevard #7 in Pharr, Texas, 78577, presents a unique investment opportunity. The property features a total of 112 parking spaces, catering to a substantial client base. The lot is designated as a single-tenant property, ideal for a variety of commercial uses. The existing building, totaling 3,018 square feet, is described as a second-generation space, offering a flexible floor plan and a move-in ready condition, minimizing build-out costs and time. This significantly reduces the time to occupancy, allowing businesses to commence operations quickly. The property's strategic location within Pharr's established medical corridor provides excellent visibility and accessibility, with proximity to South Texas Health Systems McAllen and Rio Grande Regional Hospital. The presence of pylon signage further enhances visibility and brand recognition. This location benefits from a high concentration of medical facilities and a robust local population, creating a strong market for medical-related businesses. The property's APN is N0030000000001. This is an excellent opportunity to establish a thriving business in a high-demand area.

    Property Features for 1002 Sam Houston Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,018 SF

    Unit(s) available at that property

    Space
    7
    Size
    3,018 SF
    Rate per SF
    $20
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1976415
    Latitude
    26.189946

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    FAQs

    What type of property is this?
    Land - Prime 1.55-acre commercial lot, 112 parking spaces.
    Where is this land located?
    The property is located at 1002 Sam Houston Blvd Pharr, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    Request Owner's contact information
    1002 Sam Houston Blvd Pharr, TX 78577
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    Pharr, TX 78577
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    Realmo Value Estimation

    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.

    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.

    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
    1002 Sam Houston Blvd Pharr, TX 78577
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