0 Las Milpas Rd Pharr, TX 78577
Exceptional 38.62-acre tract in Pharr, Texas, is available for $1,600,000. Currently zoned agricultural, this property offers significant development potential. Located on Las Milpas Road, between Veterans Road and Cage Boulevard (Business Highway 281), it boasts approximately 1,190 feet of road frontage. City utilities are conveniently located nearby. The property's strategic location offers easy access to major thoroughfares, making it ideal for various uses. While an underground gas transmission line traverses the land, impacting certain development options, the potential for light industrial, multifamily, or governmental uses exists. Rezoning with the City of Pharr would be required. Neighboring properties indicate a trend towards future light industrial development in the area. The APN is 203370. This represents a compelling investment opportunity at $41,429 per gross acre. The property is identified as Lot 3 on the accompanying aerial photograph.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.