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Property profile & analytics
FOR LEASE
Turn key restaurants

1617 W Polk Ave Pharr, TX 78577

5,219 SF 2.79 ac lot Built 2018
Entity Owned ~ Est. High Equity
Property ID
US82-4427345
Property summary
AI-generated overview

This exceptional 4,840 square foot free-standing commercial property, built in 2018, presents a unique investment opportunity in Pharr, Texas. Currently operating as a successful BBQ restaurant and beer garden, the property boasts a prime location adjacent to Cinemark and the Pharr Town Centre, ensuring high visibility and foot traffic. The building features a spacious 1,295 square foot outdoor patio ideal for al fresco dining, enhancing the overall dining experience. A dedicated 675 square foot smoker/pit area is included, a key asset for any BBQ establishment. Further adding to its convenience, the property includes a drive-thru for efficient customer service. The restaurant is fully equipped and ready for immediate operation, offering a true turnkey solution for a new owner. Situated on a 1.29-acre lot, the property enjoys excellent accessibility, positioned east of the intersection of North Jackson Road and Polk Avenue, with easy access to Business Highway 83 and Interstate 2. The surrounding area boasts a substantial population base, with 110,444 residents within a 3-mile radius, providing a strong customer base for any business. This presents a rare chance to acquire a well-established and profitable business in a highly desirable location. The property is priced at $1,695,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2018
Total area 5,219 SF
Lot 2.79 ac (121,741 SF)
Zoning code CO
APN A2600-01-000-0001-01
UPID US82-4427345
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
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$743k
Blend (final) Blend
$580k
Owner & transaction history
3bu Family Limited Partnership
3bu Family Limited Partnership
since 2026
6 recorded transactions
2026
$1,330.0M
2022
Price N/A
2017
Price N/A
2008
Price N/A
2006
Price N/A
2006
Price N/A
Zoning & alternative use
CO · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Office building $690,000 +8.8%
Retail stores $685,000 +8.1%
Auto repair, garage $670,000 +5.8%
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