1305 Cage Blvd Pharr, TX 78577-6355
Property profile & analytics
1305 Cage Blvd Pharr, TX 78577-6355
- Strip malls
- 6,880 SF
- 0.74 lot acres
Property ID
US82-6142815
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.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 1305 Cage Blvd
- Year built
- 2014
- Lot size
- 0.74 lot acres
- Property size
- 6,880 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- C9837-00-000-0002-00
- APU
- C983700000000200
Description
This exceptional 6,833 square foot shopping center in Pharr, Texas, presents a compelling investment opportunity. Located at 1305 S Cage Blvd, this single-story, fee-simple property boasts a 100% occupancy rate with four diverse tenants under net leases. The property features a strong NOI of $152,806, yielding a 7.00% cap rate on an asking price of $2,182,938. Built in 2014, the 0.74-acre lot benefits from a prime location adjacent to major roadways, including the signalized intersection of E Ridge Road and S Cage Boulevard (US Route 281). Its strategic placement near CVS and across from an H-E-B plus! ensures high visibility and significant foot traffic. The property's proximity to Interstates 2 and 69C, along with surrounding schools and residential areas, guarantees a substantial and stable customer base. Long-term leases with tenants including Kiki's Restaurant, Total by Verizon, Polish me Pretty Nail Salon, and Cash Store, minimize landlord responsibilities and provide consistent cash flow. The property is situated within a thriving retail corridor, benefiting from the high traffic counts exceeding 38,100 vehicles daily at the nearby intersection. The strong demographics of the area, with approximately 77,900 people within a 3-mile radius and an average household income of $81,512, further enhance the investment potential. The presence of numerous national retailers in the immediate vicinity underscores the robust economic activity and consumer demand in this location. This property offers a secure, passive income stream with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $410,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $693,000
Market price range: $262k - $694k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $475,000 Current use
- OFFICE BUILDING
- $910,000 Change: +92% Conversion: Moderate
- RETAIL STORES
- $900,000 Change: +91% Conversion: Easy
- AUTO REPAIR, GARAGE
- $885,000 Change: +87% Conversion: Difficult
- RESTAURANT
- $835,000 Change: +76% Conversion: Difficult
- MEDICAL BUILDING
- $710,000 Change: +50% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $630,000 Change: +33% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1858
- Latitude
- 26.1798
- 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
2022
$28,506
$515,160
$501,150
$1,016,310
-
$515,160
$501,150
$1,016,310
