Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    110 Polk Ave Pharr, TX 78577

    • Office buildings
    • 19,884 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2024
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2865081
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 110 Polk Ave

    Year built
    2004
    Lot size
    1.93 lot acres
    Property size
    19,884 SF
    Property type
    Office buildings
    APN
    P6340-00-000-0001-00
    APU
    P634000000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1838
    Latitude
    26.2052
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $504,000
    $1,297,131
    $1,801,131
    -
    $504,000
    $1,297,131
    $1,801,131

    Comparable in this City

    • Value Estimation
      $625,000
      11,914 SF

      Ferguson

      OFFICE BUILDING • 11,914 SF
      Ferguson, Pharr, TX 78577
      View Details
    • Value Estimation
      $805,000
      11,952 SF

      517 Interstate 2nd 2

      OFFICE BUILDING • 11,952 SF
      517 Interstate 2nd 2, Pharr, TX 78577-6556
      View Details
    • Value Estimation
      $490,000
      12,900 SF

      1121 Nolana Loop

      OFFICE BUILDING • 12,900 SF
      1121 Nolana Loop, Pharr, TX 78577-5616
      View Details
    • Value Estimation
      $585,000
      3,696 SF

      1900 Cage Blvd

      OFFICE BUILDING • 3,696 SF
      1900 Cage Blvd, Pharr, TX 78577-6751
      View Details
    • Value Estimation
      $565,000
      7,272 SF

      9901 Cage Blvd

      OFFICE BUILDING • 7,272 SF
      9901 Cage Blvd, Pharr, TX 78577-8650
      View Details
    • Value Estimation
      $1,005,000
      22,330 SF

      Veterans Blvd

      OFFICE BUILDING • 22,330 SF
      Veterans Blvd, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $1,200,000
      8,674 SF

      Prime Corner Commercial Property, Pharr

      High-visibility corner lot ideal for professional services.
      301 N Cage Blvd, Pharr, TX 78577
      View Details
    • $3,500,000
      36,186 SF

      Pharr Commercial Property For Sale

      36,618 sq. ft. building in prime Pharr location.
      1503 W Polk Ave, Pharr, TX 78577
      View Details
    • $349,000
      3,556 SF

      Pharr Office Land Investment

      Texas Office Land: $349,000
      3721 Veterans Blvd, Pharr, TX 78577
      View Details
    • $450,000
      1.30 Acres

      Pharr Office Land - $450K

      1.3-acre office land, 360 sq ft.
      3721 Veterans Rd, Pharr, TX 78577
      View Details
    • $1,100,000
      7,584 SF

      Pharr Warehouse with Office Space

      7,584 SF warehouse with office space for sale.
      1709 Mozelle St, Pharr, TX 78577
      View Details
    • $1,400,000
      1.03 Acres

      Pharr Commercial Property - 1 Acre

      Executive Office & Warehouse - High Visibility
      5502 Cage Blvd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $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
      View Details
    • $25 SF/Yr
      1,848 SF

      Pharr, TX Commercial Land & Office

      1.356-acre lot, 1848 sq ft office, 24 parking spaces.
      1200 Interstate 2, Pharr, TX 78577
      View Details
    • $18 SF/Yr
      29,190 SF

      Pharr Medical Office Space Available

      Prime Medical Office Building, Pharr, TX
      900 Sam Houston Blvd, 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.
    110 Polk Ave
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.