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    3000 Cage Blvd Pharr, TX 78577-1708

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    3000 Cage Blvd Pharr, TX 78577-1708

    View on Map
    • Sports & entertainment properties
    • 31,200 SF
    • 3.84 lot acres
    Off-Market
    Property ID
    US82-3848395
    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.
    Value Estimations
    $1,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 3000 Cage Blvd

    Year built
    1984
    Lot size
    3.84 lot acres
    Property size
    31,200 SF
    Zone code
    CG
    Property type
    Sports & entertainment properties
    APN
    T5650-00-000-001A-00
    APU
    T565000000001A00

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,489,000
      Market price range: $1.46M - $2.72M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1788
    Latitude
    26.2211
    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
    2023
    $0.00
    $753,430
    $1,425,393
    $2,178,823
    -
    $753,430
    $1,425,393
    $2,178,823

    Comparable in this City

    • Value Estimation by Request
      4,150 SF

      2302 Cage Blvd

      RECREATIONAL, ENTERTAINMENT • 4,150 SF
      2302 Cage Blvd, Pharr, TX 78577-6715
      View Details
    • Value Estimation
      $770,000
      10,800 SF

      109 Ferguson St

      RECREATIONAL, ENTERTAINMENT • 10,800 SF
      109 Ferguson St, Pharr, TX 78577-2536
      View Details
    • Value Estimation by Request
      5,376 SF

      8001 Cage Blvd

      RECREATIONAL, ENTERTAINMENT • 5,376 SF
      8001 Cage Blvd, Pharr, TX 78577-9715
      View Details
    • Value Estimation
      $540,000
      7,424 SF

      5952 Cage Blvd

      RECREATIONAL, ENTERTAINMENT • 7,424 SF
      5952 Cage Blvd, Pharr, TX 78577-9002
      View Details
    • Value Estimation by Request
      3,872 SF

      708 Ferguson St

      RECREATIONAL, ENTERTAINMENT • 3,872 SF
      708 Ferguson St, Pharr, TX 78577-2670
      View Details
    • Value Estimation
      $655,000
      9,750 SF

      6805 Jackson Rd

      RECREATIONAL, ENTERTAINMENT • 9,750 SF
      6805 Jackson Rd, Pharr, TX 78577-7255
      View Details

    Similar Nearby for Sale

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      4,280 SF

      Pharr Commercial Property For Sale

      Turn-key commercial property suitable for medical, daycare, or professional use.
      819 E Eller Ave, Pharr, TX 78577
      View Details
    • $100,000
      0.15 Acres

      Pharr Commercial Land: $100K

      0.15-acre lot, high traffic area.
      2418 Cage Blvd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

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      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
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    • $20 SF/Yr
      24,787 SF

      Prime Pharr Medical Office Space

      Two Suites Available, High Visibility, Excellent Location
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    • Contact for pricing

      Professional Plaza Office Space Available

      Office suites for professional use in Pharr, Texas.
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      130,000 SF

      Pharr Industrial Park Distribution Space

      Premier industrial park near Pharr International Trade Bridge.
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    • $8 SF/Yr

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      Industrial warehouse space in Pharr's Opportunity Zone.
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    • $0.74 SF/Yr

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      View Details
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    Pharr, TX 78577-1708
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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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