Property profile

0 Moore Rd Pharr, TX 78577

OFF-MARKET
Land
5.15 ac lot
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Property summary

AI-generated overview

This exceptional 5.15-acre property in Pharr, Texas, presents a remarkable opportunity for multifamily development. Ideally situated on E Moore Road in Hidalgo County, this land is zoned specifically for multifamily use, catering to developers seeking to build a residential community in a rapidly expanding area. The property's strategic location offers convenient access to essential amenities and infrastructure. Extensive engineering work has already been completed, significantly streamlining the development process and reducing upfront costs. To facilitate project planning, three distinct plat options are available for review and consideration by potential buyers, allowing for flexibility in design and configuration to match individual project visions. Utilities are readily accessible for connection, further enhancing the development's practicality and efficiency. Adding to its appeal, the property enjoys a prime location adjacent to a major county drainage system. Priced at $749,000, this offering represents a compelling investment prospect with significant growth potential in a thriving Texas market. Don't miss this chance to acquire a ready-to-develop multifamily site in a high-demand location. The zip code is 78577.

Property profile

Verified
Property type Land
Lot 5.15 ac (224,334 SF)

Cap rate & NOI

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

Location

Moore Rd Pharr, TX 78577
Pharr metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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