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    00 Minnesota Rd San Juan, TX 78577

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    00 Minnesota Rd San Juan, TX 78577

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    Property Details for 00 Minnesota Rd

    Property type
    Land

    Description

    This exceptional 42,253.2 square foot commercial lot presents a remarkable opportunity for development in the thriving city of Pharr, Texas. Located at 00 W Minnesota Road, 78577, this one-acre parcel offers unparalleled potential for a wide range of commercial ventures. Its strategic location within Hidalgo County provides easy access to major transportation routes, ensuring high visibility and convenient accessibility for customers and employees. The asking price for this prime piece of real estate is $255,000. This represents a significant investment opportunity in a rapidly growing area, offering substantial returns for the discerning buyer. The expansive lot size provides ample space for the construction of a large-scale commercial building, allowing for flexibility in design and functionality. Whether you envision a retail space, office complex, or industrial facility, this property offers the ideal foundation for your next project. Don't miss this chance to secure a prominent location in a dynamic Texas market. The property's coordinates are 26.2419312 latitude and -98.1875356 longitude. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1875
    Latitude
    26.2419

    Comparable in this City

    • Value Estimation by Request

      1200 Interstate 2

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      1200 Interstate 2, Pharr, TX 78577
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    • Value Estimation by Request
      2,628 SF

      404 Bldg A

      Land • 2,628 SF
      404 Bldg A, Pharr, TX 78577
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    • Value Estimation by Request
      0.62 Acres

      1050 Polk Ave

      Land • 0.62 Acres
      1050 Polk Ave, Pharr, TX 78577
      View Details
    • Value Estimation by Request
      1.25 Acres

      601 Veterans Blvd

      Land • 1.25 Acres
      601 Veterans Blvd, Pharr, TX 78577
      View Details
    • Value Estimation by Request

      01 Minnesota Rd

      Land
      01 Minnesota Rd, San Juan, TX 78577
      View Details
    • Value Estimation by Request

      1009 Interstate 2

      Office properties & Spaces
      1009 Interstate 2, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $100,000
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      Pharr Commercial Land: $100K

      0.15-acre lot, high traffic area.
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    • $250,000

      Prime Pharr Commercial Land

      14,296 SF Lot, $250,000
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      00 N Veterans Boulevard, Pharr, TX 78577

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      00 N Veterans Blvd, Pharr, TX 78577
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    • $3,000,000
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      Jackson & Sioux Corner Lot

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    • $285,000

      Pharr Restaurant & Retail Land

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    Similar Nearby for Lease

    • $18 SF/Yr
      2,093 SF

      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
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    • $20 SF/Yr
      12,635 SF

      Pharr Office Space: 7013 S Cage Blvd

      Move-in ready offices, flexible suites.
      7013 Cage Blvd, Pharr, TX 78577
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    • Contact for pricing
      5,256 SF

      Pharr Retail Center - High Traffic Location

      Prime Retail Space, 5,256 sq ft, Hidalgo County
      404 Bldg A, Pharr, TX 78577
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    • $7 SF/Yr
      5,256 SF

      Prime I-2 Commercial Space Available

      7.71-acre plaza, 5,256 sq ft office space
      404 Interstate 2, Pharr, TX 78577
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    • Contact for pricing

      Land Available For Lease

      Two spaces available for lease, customizable to tenant's liking.
      916 International Blvd, Hidalgo, TX 78577
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    • $4 SF/Yr
      7,200 SF

      Prime I-2 Commercial Plaza

      7,200 SF Office/Retail Space Available
      404 Interstate 2, Pharr, TX 78577
      View Details
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    00 Minnesota Rd
    San Juan, TX 78577
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    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
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    00 Minnesota Rd, San Juan, TX, 78577

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