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    Property profile & analytics
    OFF-MARKET Estimated value $1,395,000
    Strip malls

    1511 Nolana Loop, Pharr, TX 78577-0665

    23,130 SF 2.47 ac lot Built 2021
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US82-2275140
    Property summary
    AI-generated overview

    This exceptional 1.694-acre commercial land parcel, located at 1511 E Nolana Loop in Pharr, Texas, presents a compelling investment opportunity. The property features a single-tenant building totaling 1,675 square feet, ideal for a variety of retail uses. Its prime location within an established plaza ensures high visibility and accessibility, benefiting from significant existing traffic. The property boasts ample parking with 5 spaces available for customers and employees. The property's convenient location in Pharr, TX, zip code 78577, offers easy access to major roadways and a thriving local market. The property's APN is V325200000000100. This is a single-tenant property, making it an attractive option for investors seeking a straightforward and manageable investment. The existing building provides immediate income potential, while the substantial lot size offers possibilities for future expansion or development. This property is well-suited for a savvy investor looking for a strong return on investment in a high-traffic retail area. The property's location within a seasoned plaza ensures a steady stream of potential customers. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic market.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2021
    Total area 23,130 SF
    Lot 2.47 ac (107,667 SF)
    APN V3252-00-000-0001-00
    UPID US82-2275140
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.40M
    Owner & transaction history
    East Nolana Partners LLC · 6 yrs held
    East Nolana Partners LLC
    since 2020
    5 recorded transactions
    2020
    2019
    2018
    2018
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.1M +33.2%
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