Building Details

Year built 1980

Floors in Building 1

Building materials Brick

Roof type Composition

Listing Agency: Keller Williams Realty RGV j***@gmail.com Show Phone

Listed By: Lisa Salinas Show Phone

Added: Sep 4 Changed: Oct 19 Last Checked: Oct 26 at 6:06AM

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MLS# 514414

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This commercial warehouse property includes a 1,440-square-foot building on approximately 0.5026 acres. Constructed in 1980, the building features brick construction, a composition roof, and an electric water heater.

The property is located on N Sugar Road in Pharr, Texas, within Hidalgo County. Its commercial zoning designation and warehouse classification provide a straightforward physical and land-use profile for commercial operations.

Key Highlights

• 1,440‑square‑foot warehouse building
• 0.5026‑acre commercial property
• Commercial zoning designation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,201

Cap Rate

3.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,020 $184.0K

Cap Rate 7%

$131,443 $131.4K

Cap Rate 9%

$102,233 $102.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$11.6K $8.04/SF

− Vacancy

−$753 −$0.52/SF

EGI

$10.8K $7.52/SF

− OpEx

−$1.6K −$1.13/SF

NOI

$9.2K $6.39/SF

Area

Hidalgo County, TX

Vacancy

6.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,020

Cap Rate 7%

$131,443

Cap Rate 9%

$102,233

Alternative Uses

Best Use

Warehouse

$131.4K

$115.0K – $153.4K (±1% cap)

NOI $9,201 @ 7.0% cap · market cap 3.29%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$1.08M

$949.1K – $1.27M (±1% cap)

NOI $75,924 @ 7.0% cap · market cap 27.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Location Intelligence

Trade Area within ½ mile

845

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78577, TX

79,937

Population

26,568

Households

3

Avg Household Size

30

Median Age

18%

College-Educated

70%

High-School Grad

26.0 sq mi

ZIP Area

3,075

Density / Sq Mi

$49,768

Median Household Income

$28,186

Median Earnings

$988

Median Rent

$111,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Brick construction with commercial zoning and an electric water heater.

Where is this warehouse located?

The property is located at N Sugar Road Pharr, TX.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: 1,440‑square‑foot warehouse building; 0.5026‑acre commercial property; Commercial zoning designation