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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Medical Office Space
1002 Sam Houston Blvd Pharr, TX 78577-5224
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-3346304
Property summary
AI-generated overview
This exceptional commercial property at 1002 Sam Houston Blvd in Pharr offers two immediately available suites ideal for medical or general office use. The building totals 24,787 square feet and sits on a substantial 4,678 acres of land. Suite 1, a former pharmacy, comprises 1,660 square feet, while Suite 7, a fully renovated space, offers 3,018 square feet of contiguous area. The minimum leasable space is 1,660 square feet, with a maximum contiguous space of 3,018 square feet available. The property is classified as Class B and features ample parking with 112 spaces. There are no elevators. The building is zoned for commercial use and benefits from a high-traffic location on Sam Houston Boulevard, enhanced by prominent pylon signage ensuring excellent visibility. The asking lease rate is $1.75 per square foot under a modified gross lease, with preferred lease terms ranging from 3 to 5 years. This is a multi-tenant building with a total of one building suite. This presents a fantastic opportunity for businesses seeking a well-located, readily available office space in a thriving commercial area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
TILT-UP CONCRETE
Total area
24,089 SF
Lot
1.55 ac (67,601 SF)
Zoning code
CO
APN
N0030-00-000-0001-00
UPID
US82-3346304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.48M
Owner & transaction history
1002 Wsh LLC · 3 yrs held
1002 Wsh LLC
since 2022
5 recorded transactions
Zoning & alternative use
CO · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,205,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$52,887
Tax year 2022
Assessed value
$1,885,529
Assessed 2023
Previous assessed
$1,885,529
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$371,800
Assessed improvement
$1,513,729
Land market value
$371,800
Improvement market value
$1,513,729
Total market value
$1,885,529
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,089 SF
Lot
1.55 ac (67,601 SF)
Zoning code
CO
APN
N0030-00-000-0001-00
UPID
US82-3346304
Jurisdiction
HIDALGO
Zoning & alternative use
CO · Pharr, TX
Zoning CO · permitted uses
CO · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
1002 Wsh LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1002 W SAM HOUSTON BLVD, PHARR, TX 78577-5224
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
—
1002 Wsh LLC
Antonio Esparza
Warranty Deed
—
Oct 1, 2009
—
Antonio Esparza
—
Trustees Deed
related
$1,224,206 · Lone Star National Bank
—
—
Esparza,antonio
—
Deed Of Trust
related
$4,169,498 · Lone Star Nat'l Bk
—
—
Antonio Esparza
—
Deed Of Trust
related
$1,600,000 · Lone Star National Bank
—
—
Antonio Esparza
—
Deed Of Trust
related
$1,702,715 · Lone Star National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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