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Property profile & analytics
OFF-MARKET
Land

0 Las Milpas Rd Pharr, TX 78577

38.62 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 38.62 ac (1,682,287 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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