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    1205 E Nolana Loop Pharr, TX 78577
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    1205 E Nolana Loop Pharr, TX 78577

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    • Small apartment buildings
    • 15.73 lot acres
    For Sale
    $1,595,000
    View Listing →
    Prime Commercial Land in Pharr For Sale
    $1,595,000
    3.00 Acres

    Prime Commercial Land in Pharr

    Three acres of commercial land in the heart of Pharr, TX.

    1205 E Nolana Loop, Pharr, TX 78577
    View Listing
    Property ID
    US82-5139504
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1205 E Nolana Loop

    Lot size
    15.73 lot acres
    Property type
    Small apartment buildings

    Description

    This exceptional 15.73-acre property, located at 1205 W Nolana Loop in Pharr, Texas, presents a remarkable investment opportunity. Situated on a hard corner at the intersection of Nolana Loop and Sugar Road, this expansive lot offers unparalleled visibility and accessibility. Zoned for mixed-use development, this land is ideal for a variety of commercial and residential projects, including apartment buildings, duplexes, triplexes, or quadplexes. The property's substantial size allows for significant development potential, catering to a range of project scales and designs. The asking price is $7,023,000. The property's location in Hidalgo County, Texas, within the city of Pharr (zip code 78577), provides access to a growing population and robust local economy. The coordinates are 26.2356534 latitude and -98.1950086 longitude. All offers will be considered by the seller. This is a truly unique opportunity to acquire a large, strategically located parcel of land with immense potential for future development and significant return on investment. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1950086
    Latitude
    26.2356534

    Comparable in this City

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      Modern Multifamily Investment Opportunity

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      Gated Multifamily Property in Pharr

      Six-unit rental property in gated community, South Pharr, Texas.
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    • $760,000
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      Leased Apartment Complex in Pharr

      Fully leased 9-unit apartment complex with upside potential.
      8005 Cisne St, Pharr, TX 78577
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    • $1,700,000
      16,080 SF

      Pharr Multifamily Investment Opportunity

      Income-producing property with 14 units in a high-demand area.
      3001 Ashley Pl, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $1,295,000
      11,152 SF

      Modern Multifamily Investment Opportunity

      Turn-key multifamily property with 10 units in prime location.
      1312 W Kennedy St, Pharr, TX 78577
      View Details
    • $675,000
      5,813 SF

      Gated Multifamily Property in Pharr

      Six-unit rental property in gated community, South Pharr, Texas.
      3904 S Radisson Ave, Pharr, TX 78577
      View Details
    • $760,000
      7,998 SF

      Leased Apartment Complex in Pharr

      Fully leased 9-unit apartment complex with upside potential.
      8005 Cisne St, Pharr, TX 78577
      View Details
    • $1,700,000
      16,080 SF

      Pharr Multifamily Investment Opportunity

      Income-producing property with 14 units in a high-demand area.
      3001 Ashley Pl, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
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    • $2 SF/Yr

      Prime Pad Site For Lease

      0.44-acre lot for a stand-alone building with parking.
      4101 North Mccoll Rd, McAllen, TX 78577
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    • $19,680 /Mo
      17,392 SF

      Pharr Industrial Property with Rail

      1.85-acre industrial property with 19,000+ SQFT warehouse and rail access.
      100 N Dogwood St, Pharr, TX 78577
      View Details
    • $20 SF/Yr
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      Pharr Office Space: 7013 S Cage Blvd

      Move-in ready offices, flexible suites.
      7013 Cage Blvd, Pharr, TX 78577
      View Details
    • 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
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      Prime I-2 Commercial Space Available

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      View Details
    View Listing
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    Pharr, 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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