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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Sports & entertainment properties
3000 Cage Blvd Pharr, TX 78577-1708
Individually Owned
Free & Clear
Property ID
US82-3848395
Property summary
AI-generated overview
This exceptional 4.64-acre property in Pharr, Texas, presents a remarkable investment opportunity. Located at 3000 S Cage Boulevard, in Hidalgo County, zip code 78577 (26.1618481, -98.1903204), this land boasts a prime location directly across from The Plantation South entryway. The high traffic count ensures maximum visibility and accessibility, making it ideal for a diverse range of developments. Envision stylish apartments, modern duplexes, lucrative four-plex units, or thriving retail spaces. The existing infrastructure includes readily available water and sewer lines, streamlining the development process and minimizing upfront costs. This property is zoned for both commercial and residential use, offering unparalleled flexibility for investors and developers. The asking price is $785,000. Note that a mobile home located on the property will be removed prior to closing. Don't miss this chance to acquire a highly visible and strategically located parcel of land with significant potential for substantial returns.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1984
Total area
31,200 SF
Lot
3.84 ac (167,427 SF)
Zoning code
CG
APN
T5650-00-000-001A-00
UPID
US82-3848395
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$1.91M
Owner & transaction history
CITY PHARR
CITY PHARR
Zoning & alternative use
CG · Pharr, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+41.8%
Neighborhood: shopping center
$2.1M
+6.5%
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
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$2,015,000
Current use
COMMERCIAL (GENERAL)
$2,860,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,145,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$61 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$2,178,823
Assessed 2023
Previous assessed
$2,217,349
-1.7% YoY
Assessed land
$753,430
Assessed improvement
$1,425,393
Land market value
$753,430
Improvement market value
$1,425,393
Total market value
$2,178,823
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
22
Total area
31,200 SF
Lot
3.84 ac (167,427 SF)
Zoning code
CG
APN
T5650-00-000-001A-00
UPID
US82-3848395
Jurisdiction
HIDALGO
Zoning & alternative use
CG · Pharr, TX
Zoning CG · permitted uses
CG · Pharr, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pharr. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
22
Lot
3.84 ac
Current owner
From public records · entity-resolved
CITY PHARR
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1729, PHARR, TX 78577-1632
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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