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Property profile & analytics
FOR LEASE
Strip malls
2101 N Cage Blvd, Pharr, TX 78577
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8472658
For Lease
1 / 7
$21 SF/Yr
2101 N Cage Blvd, Pharr, TX 78577
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Property summary
AI-generated overview
Junction View Center, located at 2101 N Cage Blvd in Pharr, Texas 78577, presents a unique opportunity for businesses seeking high-visibility retail or restaurant space. This single-story, 17,024 square foot building, constructed in 2020, boasts 11 suites and currently has 9,872 square feet available. Spaces range from a minimum of 1,305 square feet to a maximum contiguous space of 4,345 square feet, offering flexibility for various business needs. The property benefits from its strategic location at the intersection of major roadways, providing easy access for customers and employees. With a daily traffic count of 37,800 vehicles on N Cage Blvd, Junction View Center enjoys exceptional visibility and accessibility. This location offers businesses the advantage of being centrally positioned within the thriving commercial hub of Pharr, providing convenient access to McAllen and Edinburg. The property features no elevators. Seven spaces are currently available. This is an ideal opportunity to establish or expand your business in a high-traffic, easily accessible location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
19,764 SF
Lot
2.61 ac (113,835 SF)
APN
J9502-00-000-0001-00
UPID
US82-8472658
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
$1.85M
Blend (final)
Blend
$2.25M
Owner & transaction history
Varco Pharr Land LLC · 2 yrs held
Varco Pharr Land LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+92.0%
Retail stores
$2.6M
+90.7%
Auto repair, garage
$2.5M
+86.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pharr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pharr submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Current use
OFFICE BUILDING
$2,610,000
Change: +92% · Conversion: Moderate
RETAIL STORES
$2,590,000
Change: +91% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,535,000
Change: +87% · Conversion: Difficult
RESTAURANT
$2,400,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$2,035,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,810,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$67,324
Tax year 2022
Assessed value
$2,400,235
Assessed 2023
Previous assessed
$2,400,235
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$853,760
Assessed improvement
$1,546,475
Land market value
$853,760
Improvement market value
$1,546,475
Total market value
$2,400,235
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2019
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
19,764 SF
Lot
2.61 ac (113,835 SF)
APN
J9502-00-000-0001-00
UPID
US82-8472658
Jurisdiction
HIDALGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Varco Pharr Land LLC
Entity
Mailing address
6710 W EXPY 83RD #273, HARLINGEN, TX 78552-3624
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
—
Varco Pharr Land LLC
—
Deed
related
$1,755,852 · Texas Regional Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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