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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2900 S Cage Blvd Pharr, TX 78577

    • Strip malls
    • 6,480 SF
    • 1.77 lot acres
    For Sale
    View listing
    $1,290,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5039776
    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

    • Strip malls

    Property Details for 2900 S Cage Blvd

    Year built
    2008
    Lot size
    1.77 lot acres
    Property size
    6,480 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    K2400-00-000-0245-06
    APU
    K240000000024506

    Description

    This exceptional investment opportunity presents a five-unit commercial plaza ideally situated at 2900 S Cage Boulevard in Pharr, Texas. The property boasts a substantial 1.77-acre lot, offering significant potential for future development. The existing structure comprises approximately 7,300 square feet of rentable space, currently divided into five individual units. This established commercial plaza has a proven track record of consistent rental income, making it an attractive proposition for investors seeking a stable and profitable asset. The expansive lot size presents a unique opportunity for expansion or the development of additional income-generating properties, such as a multifamily project. With its prime location in Pharr, Texas, and its strong history of rental income, this property is poised for continued growth and profitability. The total building square footage is 1,070 square feet. The asking price is $1,290,000. This is a rare chance to acquire a well-established commercial property with significant upside potential. Don't miss this opportunity to secure a valuable addition to your investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1902
    Latitude
    26.1626
    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
    $23,940
    $478,027
    $375,473
    $853,500
    -
    $478,027
    $375,473
    $853,500

    Comparable in this City

    • Value Estimation
      $1,285,000
      32,637 SF

      1000 Us Hwy 83

      SHOPPING CENTER, STRIP CENTER • 32,637 SF
      1000 Us Hwy 83, Pharr, TX 78577-5055
      View Details
    • Value Estimation
      $750,000
      10,240 SF

      1509 Cage Blvd

      SHOPPING CENTER, STRIP CENTER • 10,240 SF
      1509 Cage Blvd, Pharr, TX 78577-6361
      View Details
    • Value Estimation by Request
      2,240 SF

      616 Ferguson St

      SHOPPING CENTER, STRIP CENTER • 2,240 SF
      616 Ferguson St, Pharr, TX 78577-2484
      View Details
    • Value Estimation by Request
      4,440 SF

      2504 Cage Blvd

      SHOPPING CENTER, STRIP CENTER • 4,440 SF
      2504 Cage Blvd, Pharr, TX 78577-6756
      View Details
    • Value Estimation by Request
      3,444 SF

      7401 Cage Blvd

      SHOPPING CENTER, STRIP CENTER • 3,444 SF
      7401 Cage Blvd, Pharr, TX 78577-9053
      View Details
    • Value Estimation
      $560,000
      10,858 SF

      9801 Cage Blvd

      SHOPPING CENTER, STRIP CENTER • 10,858 SF
      9801 Cage Blvd, Pharr, TX 78577-9479
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Pharr Retail Center Investment Opportunity

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    • $1,290,000
      1.77 Acres

      Income Producing Commercial Plaza

      Commercial plaza with land for multifamily project in Pharr.
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      Pharr Commercial Building For Sale

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      Established Salon in Prime Location

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    Similar Nearby for Lease

    • Contact for pricing
      15,900 SF

      Heb Grocery Center Retail Space

      High-traffic retail space near HEB. Excellent visibility.
      1300 Cage Blvd, Pharr, TX 78577
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      Sam Houston Plaza: Pharr, TX

      Prime Pharr Office/Retail Space
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    • $35 SF/Yr
      14,200 SF

      Retail Destination in Pharr Town Center

      Dynamic retail and entertainment destination in the Rio Grande Valley.
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    • $18 SF/Yr
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      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
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    • $33 SF/Yr
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      Prime Hwy 281 Office Space

      272 sq ft Office/Storage, Hwy 281
      1801 Us Hwy 281, Pharr, TX 78577
      View Details
    • $4 SF/Yr
      7,200 SF

      Prime I-2 Commercial Plaza

      7,200 SF Office/Retail Space Available
      404 Interstate 2, 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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