Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    744 Hall Acres Rd Pharr, TX 78577

    • Apartment buildings
    • 10,368 SF
    For Sale
    View listing
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 744 Hall Acres Rd

    Year built
    2022
    Property size
    10,368 SF
    Property type
    Apartment buildings

    Description

    This exceptional 8-unit apartment building, located at 744 W Hall Acres Rd, Pharr, TX 78577, presents a compelling investment opportunity. Built in 2022, this Class B property offers 10,368 square feet of net rentable space across a single, two-story building situated on a 13,303 square foot lot. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $90,680, resulting in a 6.98% cap rate and a pro-forma cap rate of 6.39%. Each of the eight units features three bedrooms and two and a half bathrooms, with a spacious 1300+ square feet of living area. The asking price is $1,300,000, translating to $162,500 per unit. The property is zoned for multi-family use and benefits from its proximity to elementary and middle schools. This stabilized, owner-user investment opportunity offers significant potential for long-term financial returns. The Hidalgo County APN is B2710-00-000-0003-00. While all information is believed to be accurate, potential buyers are urged to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1982
    Latitude
    26.1678

    Comparable in this City

    • Value Estimation by Request
      3,692 SF

      1208 Diplomat Dr

      Multifamily properties • 3,692 SF
      1208 Diplomat Dr, Pharr, TX 78577
      View Details
    • Value Estimation by Request

      1503 Pamplona St

      Multifamily properties
      1503 Pamplona St, Pharr, TX 78577
      View Details
    • Value Estimation by Request

      1901 Violet Dr

      Multifamily properties
      1901 Violet Dr, Pharr, TX 78577
      View Details
    • Value Estimation by Request

      1804 Violet Dr

      Multifamily properties
      1804 Violet Dr, Pharr, TX 78577
      View Details
    • Value Estimation by Request

      301-303 Palm Dr

      Multifamily properties
      301-303 Palm Dr, Pharr, TX 78577
      View Details
    • Value Estimation by Request
      4,100 SF

      1907 Violet Dr

      Multifamily properties • 4,100 SF
      1907 Violet Dr, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $393,000

      Pharr 4plex: Gated Community Investment

      Four-unit apartment building, excellent income.
      3606 Sheraton Ave, Pharr, TX 78577
      View Details
    • $295,000
      3,220 SF

      Pharr Multifamily Investment Opportunity

      Three-unit apartment building, great potential.
      2821 Charlotte Dr, Pharr, TX 78577
      View Details
    • $389,900

      Pharr Multifamily Investment Opportunity

      Four-unit apartment building, excellent income.
      301 Rdg Ave, Pharr, TX 78577
      View Details
    • $1,038,000

      Pharr, TX Multifamily Investment

      Eight-unit apartment complex, excellent ROI.
      4730 Ebony St, Pharr, TX 78577
      View Details
    • $398,000
      3,692 SF

      Pharr Multifamily Investment Opportunity

      Fourplex, High-Income Potential, Updated Units
      1208 Diplomat Dr, Pharr, TX 78577
      View Details
    • $2,300,000
      12,894 SF

      Pharr, TX Apartment Complex

      14 Units, 2023 Construction, High ROI
      1700 New Orleans Cir, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      24,787 SF

      Prime Pharr Medical Office Space

      Two Suites Available, High Visibility, Excellent Location
      1002 Sam Houston Blvd, Pharr, TX 78577
      View Details
    • $21 SF/Yr
      12,560 SF

      Sam Houston Plaza: Pharr, TX

      Prime Pharr Office/Retail Space
      1032 Sam Houston Blvd, Pharr, TX 78577
      View Details
    • $18 SF/Yr
      2,093 SF

      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
      View Details
    • $8 SF/Yr
      74,165 SF

      Pharr Industrial Park Warehouse

      Industrial warehouse space in Pharr's Opportunity Zone.
      S San Juan Rd, Pharr, TX 78577
      View Details
    • Contact for pricing
      100,000 SF

      Pharr Industrial Warehouse Space Available

      100,000 SF industrial warehouse near Pharr International Bridge.
      300 E Capote Central Ave, Pharr, TX 78577
      View Details
    • $2,813 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space suitable for retail, office, or industrial.
      3550 N Birch St, Pharr, TX 78577
      View Details
    Request Owner's contact information
    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.
    744 Hall Acres Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.