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Property profile & analytics
FOR LEASE
Office buildings

1015 Minnesota Ave Pharr, TX 78577

2,000 SF 2.84 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
Property ID
US82-1192658
Property summary
AI-generated overview

This exceptional 5,392-square-foot warehouse, located at 1015 W Minnesota Road in Pharr, Texas, presents a compelling investment opportunity for owner-users. Priced at $1,300,000 ($241.10/sq ft), this Class B industrial property boasts a desirable location within Hidalgo County, zip code 78577. The property features three buildings, each single-story, and benefits from F1 zoning. The warehouse itself offers ample space with a ceiling height of 18 feet and a significant number of dock-high doors – fourteen in total. This translates to efficient loading and unloading capabilities, making it suitable for a variety of industrial uses. The property was renovated two years ago. With its substantial square footage and numerous features, this warehouse is well-suited for businesses requiring significant storage and operational space. The property's ample parking further enhances its appeal. The property's APN is K2400-00-000-0089-03. This is a rare opportunity to acquire a well-maintained, functional warehouse in a prime location. The property's versatility makes it suitable for a range of businesses, including but not limited to, mechanic shops and trucking companies.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 2,000 SF
Lot 2.84 ac (123,710 SF)
APN K2400-00-000-0089-03
UPID US82-1192658
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
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Beluga Properties LLC · 5 yrs held
Beluga Properties LLC
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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