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    304 E Eldora Rd Pharr, TX 78577
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    304 E Eldora Rd Pharr, TX 78577

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    • Commercial real estate
    For Sale
    $268,000
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    Residential Lot in Growing Area For Sale
    $268,000
    0.58 Acres

    Residential Lot in Growing Area

    Versatile 0.58-acre residential lot in Pharr, Texas.

    304 E Eldora Road, Pharr, TX 78577
    View Listing
    Property ID
    US82-4831053
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 304 E Eldora Rd

    Property type
    Commercial real estate

    Description

    This exceptional 25,264.8 square foot commercial lot, located at 304 E Eldora Road in Pharr, Texas, presents a remarkable investment opportunity. Situated in Hidalgo County, zip code 78577, this vacant land boasts a highly desirable location near Expressway 281, ensuring excellent visibility and accessibility. The property's strategic placement offers significant advantages for businesses seeking high traffic exposure and convenient access to major transportation routes. The asking price for this prime commercial land is $298,000. This represents a compelling opportunity for developers and entrepreneurs looking to establish a strong presence in a thriving area. The property's size and location make it suitable for a wide range of commercial ventures. Note that owner financing is currently available, making this an even more attractive proposition for potential buyers. The coordinates for this property are latitude 26.225384 and longitude -98.17592. Don't miss this chance to acquire a piece of prime commercial real estate in a rapidly growing Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.17592
    Latitude
    26.225384

    Comparable in this City

    • $100,000
      0.15 Acres

      Pharr Commercial Land: $100K

      0.15-acre lot, high traffic area.
      2418 Cage Blvd, Pharr, TX 78577
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      Commercial Lot For Sale

      Commercial lot in Pharr, ready to build.
      100 W Dicker Dr, Pharr, TX 78577
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      4,538 SF

      1.2 Acres on Veterans Blvd

      Three multi-family buildings on 1.2 acres with high visibility.
      201 N Veterans Blvd, Pharr, TX 78577
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      Industrial Land in Hidalgo, TX

      Land in the heart of the industrial market, Hidalgo, TX.
      2600 N 10Th St, Hidalgo, TX 78577
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    • $155,000

      Commercial Lot in Shopping Strip

      Commercial lot in a high-traffic shopping strip.
      6703 S Jackson Rd, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $100,000
      0.15 Acres

      Pharr Commercial Land: $100K

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

      Commercial Lot For Sale

      Commercial lot in Pharr, ready to build.
      100 W Dicker Dr, Pharr, TX 78577
      View Details
    • Contact for pricing
      4,538 SF

      1.2 Acres on Veterans Blvd

      Three multi-family buildings on 1.2 acres with high visibility.
      201 N Veterans Blvd, Pharr, TX 78577
      View Details
    • Contact for pricing

      Industrial Land in Hidalgo, TX

      Land in the heart of the industrial market, Hidalgo, TX.
      2600 N 10Th St, Hidalgo, TX 78577
      View Details
    • $155,000

      Commercial Lot in Shopping Strip

      Commercial lot in a high-traffic shopping strip.
      6703 S Jackson Rd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,093 SF

      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
      View Details
    • $2 SF/Yr

      Prime Pad Site For Lease

      0.44-acre lot for a stand-alone building with parking.
      4101 North Mccoll Rd, McAllen, TX 78577
      View Details
    • $19,680 /Mo
      17,392 SF

      Pharr Industrial Property with Rail

      1.85-acre industrial property with 19,000+ SQFT warehouse and rail access.
      100 N Dogwood St, Pharr, TX 78577
      View Details
    • Contact for pricing

      Land Available For Lease

      Two spaces available for lease, customizable to tenant's liking.
      916 International Blvd, Hidalgo, TX 78577
      View Details
    • Contact for pricing

      Retail Pads For Rent

      Retail pads available for rent with high traffic volume.
      2314 N Jackson Rd, Pharr, TX 78577
      View Details
    • Contact for pricing

      Retail Pads For Rent

      Retail pads available for rent on F.M. 495.
      1900 N Jackson Rd, Pharr, TX 78577
      View Details
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    304 E Eldora Rd
    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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