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    1510 W Military Hwy Pharr, TX 78577
    Property profile & analytics

    1510 W Military Hwy, Pharr, TX 78577

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    • Grocery and convenience stores
    • 9,516 SF
    • 1.18 lot acres
    For Lease
    $700,000
    View Listing →
    Pharr Commercial Space Available For Lease
    $700,000
    1,500 SF

    Pharr Commercial Space Available

    Commercial space available for rent in Pharr, Texas.

    1510 W Military Hwy, Pharr, TX 78577
    View Listing
    Property ID
    US82-1824436
    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
    $700,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1510 W Military Hwy

    Year built
    1997
    Lot size
    1.18 lot acres
    Zone code
    CO
    Property type
    Grocery and convenience stores
    APN
    C8157-00-000-000A-00
    APU
    C815700000000A00

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 22, 2013 — Arc Scphrtx001 LLC Cole Vs Pharr Tx LLC Grant Deed —
    Jan 5, 2010 — Cole Vs Pharr Tx LLC Stripes LLC Grant Deed —
    Jan 25, 2008 — Stripes LLC Cordova,raudel & Rosa N Warranty Deed —
    — — Raco Convenience Store — Deed Of Trust · related $35k · Texas State Bank
    — — Raudel Cordova — Deed Of Trust · related $248k · Texas State Bank
    — — Raco Convenience Store — Deed Of Trust · related $210k · Texas State Bank Mcallen

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $923,000
      Market price range: $924k - $1.36M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $655,000
      Current use
      RESTAURANT
      $1,155,000
      Change: +76% Conversion: Difficult
      MEDICAL BUILDING
      $980,000
      Change: +50% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $870,000
      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
    -98.2204
    Latitude
    26.0976
    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
    $25,126
    $315,212
    $561,312
    $876,524
    -
    $315,212
    $561,312
    $876,524

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

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    • Value Estimation
      $715,000
      4,743 SF

      2710 Cage Blvd

      CONVENIENCE STORE
      2710 Cage Blvd, Pharr, TX 78577-1779
      View Details
    • Value Estimation
      $755,000
      5,278 SF

      1500 Ferguson St

      CONVENIENCE STORE
      1500 Ferguson St, Pharr, TX 78577-2750
      View Details
    • Value Estimation by Request
      1,200 SF

      1516 Military Hwy

      CONVENIENCE STORE
      1516 Military Hwy, Pharr, TX 78577-9780
      View Details
    • Value Estimation by Request
      3,913 SF

      1407 Nolana Loop

      CONVENIENCE STORE
      1407 Nolana Loop, Pharr, TX 78577-7635
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    • Value Estimation by Request
      2,220 SF

      330 Us Hwy 83

      CONVENIENCE STORE
      330 Us Hwy 83, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Operating C-Store on Hard Corner

      Operating convenience store at signalized intersection with strong sales history.
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      New 7-Eleven NNN Lease

      New construction 7-Eleven on 1.74 acre lot.
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      Pharr Commercial Investment Opportunity

      High-visibility commercial property on a busy corridor with immediate access.
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      View Details
    • New
      $1,200,000
      8,674 SF

      Prime Corner Commercial Property

      Highly visible corner location in Pharr, Texas, suitable for various businesses.
      301 N Cage Blvd, Pharr, TX 78577
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    • $1,003,900
      1,200 SF

      Commercial Property on I69 & US281

      Commercial property with high visibility and income potential.
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    • $2,583,000
      9,575 SF

      Versatile Mixed-Use Commercial Property

      Two-story property with retail and office space in Pharr.
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    Similar Nearby for Lease

    • Contact for pricing
      1,848 SF

      Prime Retail Space Available

      1848 SF retail space on hard corner I-2.
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    • $2,813 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space suitable for retail, office, or industrial.
      3550 N Birch St, Pharr, TX 78577
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    • $1,500 /Mo
      3,960 SF

      Retail Space in Growing Area

      Blank slate retail space with buildout and rebate opportunity.
      1015 Minnesota Ave, Pharr, TX 78577
      View Details
    • Contact for pricing
      5,115 SF

      Pad Site on McColl Road

      0.44-acre pad site suitable for various professional uses.
      4101 N Mccoll Rd, Pharr, TX 78577
      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.

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