Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1501 Mid Cities Dr Pharr, TX 78577
    Back to Search
    Property profile & analytics

    1501 Mid Cities Dr, Pharr, TX 78577

    View on Map
    • Auto shops
    • 2,400 SF
    • 0.73 lot acres
    Off-Market
    Last Sale May 1, 2023
    Property ID
    US83-3882176
    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

    • Auto shops

    Property Details for 1501 Mid Cities Dr

    Year built
    2004
    Lot size
    0.73 lot acres
    Zone code
    RS
    Property type
    Auto shops
    APN
    M3870-00-000-0012-00
    APU
    M387000000001200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2023 — Trs Facility Services LLC Ixtapa INC Warranty Deed —
    Aug 24, 2007 — Ixtapa INC — Trustees Deed · related $50k · Border Capital Bank
    Mar 22, 2005 — Ixtapa INC South Texas Sign Warranty Deed $304k · South Texas Sign
    — — Ixtapa INC — Deed Of Trust · related $50k · Border Capital Bank
    — — Ixtapa INC — Deed Of Trust · related $50k · Border Capital Bank
    — — Ixtapa INC — Deed Of Trust · related $240k · Mcallen National Bank
    — — Ixtapa INC — Deed Of Trust · related $50k · Mcallen National Bank
    — — Ixtapa INC — Deed Of Trust · related $18k · Border Capital Bank
    — — Ixtapa INC — Deed Of Trust · related $190k · Border Capital Bank
    — — Ixtapa INC — Deed Of Trust · related $53k · Border Capital Bank

    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
    -98.199
    Latitude
    26.2107
    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
    $4,880
    $142,594
    $31,390
    $173,984
    -
    $142,594
    $31,390
    $173,984

    Comparable in this City

    • Value Estimation
      $2,790,000
      55,796 SF

      3420 Cage Blvd

      AUTO REPAIR, GARAGE
      3420 Cage Blvd, Pharr, TX 78577-1729
      View Details
    • Value Estimation by Request
      3,564 SF

      2208 Cage Blvd

      AUTO REPAIR, GARAGE
      2208 Cage Blvd, Pharr, TX 78577-1808
      View Details
    • Value Estimation by Request
      4,875 SF

      703 Mozelle St

      AUTO REPAIR, GARAGE
      703 Mozelle St, Pharr, TX 78577-7498
      View Details
    • Value Estimation
      $855,000
      7,650 SF

      301 Nolana Loop

      AUTO REPAIR, GARAGE
      301 Nolana Loop, Pharr, TX 78577-7827
      View Details
    • Value Estimation by Request
      3,000 SF

      10th S Dr

      AUTO REPAIR, GARAGE
      10th S Dr, Pharr, TX 78577
      View Details
    • Value Estimation by Request
      4,295 SF

      812 Interstate 2nd 2

      AUTO REPAIR, GARAGE
      812 Interstate 2nd 2, Pharr, TX 78577-6536
      View Details

    Similar Nearby for Sale

    • $1,003,900
      1,200 SF

      Commercial Property on I69 & US281

      Commercial property with high visibility and income potential.
      2200 Cage Blvd N, Pharr, TX 78577
      View Details
    • Contact for pricing
      280 SF

      Commercial Property on I69 & US281

      Commercial property with frontage on I69 and US281.
      2200 N Cage Blvd, Pharr, TX 78577
      View Details
    • $390,000
      Pending

      Pharr, TX Commercial Opportunity

      Car wash on Veterans Boulevard with high traffic and visibility.
      407 N Veterans Blvd, Pharr, TX 78577
      View Details
    • $380,000
      460 SF

      Pharr Commercial Property For Sale

      Commercial property with office space on high-traffic street in Pharr.
      3301 N Veterans Blvd, Pharr, TX 78577
      View Details
    • $977,717
      0.85 Acres

      Prime Commercial Land in Pharr

      High-visibility commercial land ideal for various business concepts.
      1610 E Ridge Rd, Pharr, TX 78577
      View Details
    • $894,613
      0.77 Acres

      Prime Commercial Land Opportunity

      High-visibility land ideal for retail or restaurant development.
      1610 E Ridge Rd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fenced Storage Yard for Rent

      2.5-acre fenced storage yard with automatic gate and camera.
      451 W Nolana Loop, 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
    • Contact for pricing

      Shell Space with Customization Options

      First-generation shell space with TI allowance for customization.
      1032 W Sam Houston Blvd, Pharr, TX 78577
      View Details
    • $7 SF/Yr
      5,256 SF

      Prime I-2 Commercial Space Available

      7.71-acre plaza, 5,256 sq ft office space
      404 Interstate 2, Pharr, TX 78577
      View Details
    • $2 SF/Yr
      1,848 SF

      Prime Retail Space Available

      Former bank space on hard corner of I-2 and Veterans.
      1200 Interstate 2, Pharr, TX 78577
      View Details
    • Contact for pricing
      1,848 SF

      Prime Retail Space Available

      1848 SF retail space on hard corner I-2.
      1200 I-2, 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.
    1501 Mid Cities Dr
    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

    Thank You for Inquiry
    1501 Mid Cities Dr, Pharr, TX, 78577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!