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    Property profile & analytics
    OFF-MARKET Estimated value $685,000
    Strip malls

    3601 Eldora Rd, Pharr, TX 78577

    8,896 SF 1.61 ac lot Built 2018
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US82-3718217
    Property summary
    AI-generated overview

    US-281 Plaza, located at 3601 E Eldora Rd in Pharr, Texas, presents a compelling investment opportunity. This two-building, single-story retail and office complex totals 16,501 square feet, offering multiple suites for lease. The property boasts 11,605 square feet of vacant space, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 7,605 square feet. The fifteen available suites are situated in a high-traffic area along Highway 281, providing exceptional visibility and accessibility. The property's location within the Rio Grande Valley's Pharr submarket places it amidst established national retailers, ensuring a strong commercial presence. The Hidalgo County location, with APN A2662-00-000-00C1-00 and zip code 78577, offers a strategic advantage for businesses seeking a thriving commercial environment. This second-generation space provides flexible leasing options, making it suitable for a diverse range of businesses. The property's prime location and high visibility make it an ideal choice for businesses seeking to establish or expand their operations in the Rio Grande Valley. The property's convenient access and surrounding commercial activity contribute to its significant growth potential. This is a rare opportunity to secure office space in a highly desirable location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2018
    Total area 8,896 SF
    Lot 1.61 ac (70,188 SF)
    APN A2662-00-000-00C1-00
    UPID US82-3718217
    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
    $495k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $881k
    Blend (final) Blend
    $685k
    Owner & transaction history
    Ms Beverage LLC · 9 yrs held
    Ms Beverage LLC
    since 2016
    7 recorded transactions
    2018
    2016
    2016
    $260,000
    2012
    2007
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +76.5%
    Medical building $915,000 +49.9%
    Commercial (general) $815,000 +33.2%
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