2705 N Cage Blvd Pharr, TX 78577
Property profile & analytics
2705 N Cage Blvd Pharr, TX 78577
- Office buildings
- 3,340 SF
- 6.49 lot acres
Property ID
US82-4072126
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 2705 N Cage Blvd
- Year built
- 1987
- Lot size
- 6.49 lot acres
- Property size
- 3,340 SF
- Property type
- Office buildings
- APN
- K2400-00-000-0140-01
- APU
- K240000000014001
Description
This exceptional investment opportunity presents a brand-new, 2024-built Circle K gas station in Pharr, Texas. Boasting a 5,200 square foot building situated on a 2.355-acre lot, this property features 37 parking spaces, 4 diesel pumps, and 7 canopied gas pumps. The property benefits from a 15-year absolute NNN ground lease with zero landlord responsibilities, ensuring a truly passive investment. The lease includes attractive 8% rent bumps every five years and six, five-year renewal options, providing long-term stability and growth potential. With a current NOI of $135,000 and a 5% cap rate, this offering presents a compelling return on investment. Strategically located along Interstate 69, a major thoroughfare with over 102,000 vehicles daily, and in Pharr, a city thriving due to its proximity to the US-Mexico border, this property enjoys exceptional visibility and high traffic volume. The tenant, Circle K Stores Inc., is a nationally recognized and financially stable operator with thousands of locations across the United States. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a prime location with significant growth prospects. The property's strong tenant, favorable lease terms, and strategic location combine to create a compelling investment opportunity with significant long-term value.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $995,000
- 6.5%
- $915,000
- 7%
- $850,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $737,000
Market price range: $259k - $737k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1832
- Latitude
- 26.2186
- 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
$42,022
$903,957
$594,199
$1,498,156
-
$903,957
$594,199
$1,498,156
