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    Property profile & analytics

    2609 Cage Blvd Pharr, TX 78577

    • Showrooms
    • 9,406 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1045474
    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.

    Current Use by Public Records

    • Showrooms

    Property Details for 2609 Cage Blvd

    Year built
    2007
    Lot size
    1.11 lot acres
    Property size
    9,406 SF
    Property type
    Showrooms
    APN
    P6322-00-000-0001-00
    APU
    P632200000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,000,000
      Market price range: $405k - $1.81M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $860,000
      Current use
      OFFICE BUILDING
      $1,240,000
      Change: +44% Conversion: Easy
      RETAIL STORES
      $1,235,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,205,000
      Change: +40% Conversion: Difficult
      RESTAURANT
      $1,140,000
      Change: +32% Conversion: Difficult
      MEDICAL BUILDING
      $970,000
      Change: +12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1881
    Latitude
    26.1652
    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
    $20,997
    $298,475
    $450,103
    $748,578
    -
    $298,475
    $450,103
    $748,578

    Comparable in this City

    • Value Estimation
      $15,165,000
      108,940 SF

      1600 Kelly Ave

      SHOW ROOM, WAREHOUSE • 108,940 SF
      1600 Kelly Ave, Pharr, TX 78577-4419
      View Details
    • Value Estimation
      $640,000
      5,581 SF

      1212 Us Hwy 83

      SHOW ROOM, WAREHOUSE • 5,581 SF
      1212 Us Hwy 83, Pharr, TX 78577-5020
      View Details
    • Value Estimation
      $750,000
      6,840 SF

      504 Ferguson St

      SHOW ROOM, WAREHOUSE • 6,840 SF
      504 Ferguson St, Pharr, TX 78577-2606
      View Details
    • Value Estimation
      $1,340,000
      25,452 SF

      1201 Warren St

      SHOW ROOM, WAREHOUSE • 25,452 SF
      1201 Warren St, Pharr, TX 78577-2446
      View Details
    • Value Estimation
      $630,000
      4,000 SF

      904 Military Hwy

      SHOW ROOM, WAREHOUSE • 4,000 SF
      904 Military Hwy, Pharr, TX 78577
      View Details
    • Value Estimation by Request
      8,000 SF

      1205 Polk Ave

      SHOW ROOM, WAREHOUSE • 8,000 SF
      1205 Polk Ave, Pharr, TX 78577-2114
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $1,250,000
      6,264 SF

      Pharr Commercial Investment Opportunity

      High-visibility commercial property on a busy corridor with immediate access.
      1000 N Cage Blvd, Pharr, TX 78577
      View Details
    • $499,000
      3,823 SF

      Restaurant Building with Commercial Kitchen

      Former restaurant with kitchen, suitable for retail or redevelopment.
      6701 S Jackson Rd, Pharr, TX 78577
      View Details
    • $580,000
      5,000 SF

      Pharr Commercial Investment Opportunity

      Prime location with high visibility, ideal for retail/office/mixed-use.
      2304 Cage Blvd, Pharr, TX 78577
      View Details
    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail, office, and warehouse space.
      913 W Us Hwy, Pharr, TX 78577
      View Details
    • $2,583,000
      9,575 SF

      Versatile Mixed-Use Commercial Property

      Two-story property with retail and office space in Pharr.
      902 S Cage Blvd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $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
    • New
      $2,975 /Mo
      2,093 SF

      Versatile Commercial Space in Pharr

      Prime commercial space suitable for retail, office, or restaurant.
      2506 S Cage Blvd, Pharr, TX 78577
      View Details
    • $6,000 /Mo
      3,025 SF

      Retail Space in Prime Location

      Spacious retail space with kitchen-ready features in high-visibility location.
      1519 S Jackson Rd, Pharr, TX 78577
      View Details
    • $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
      View Details
    • $35 SF/Yr
      14,200 SF

      Retail Destination in Pharr Town Center

      Dynamic retail and entertainment destination in the Rio Grande Valley.
      1301 N Jackson Rd, Pharr, TX 78577
      View Details
    • $2,813 /Mo
      8,026 SF

      New Flex Space in Pharr

      Modern flex space suitable for retail, office, or industrial uses.
      3550 N Birch St, Pharr, TX 78577
      View Details
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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.

    More about this property
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