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    Property profile & analytics

    407 N Veterans Blvd Pharr, TX 78577

    • Car washes
    • 3,024 SF
    • 0.58 lot acres
    For Sale
    View listing
    $390,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3016074
    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

    • Car washes

    Property Details for 407 N Veterans Blvd

    Year built
    1999
    Lot size
    0.58 lot acres
    Property size
    3,024 SF
    Zone code
    CO
    Property type
    Car washes
    APN
    C1293-02-000-0001-00
    APU
    C129302000000100

    Description

    This exceptional 0.5-acre commercial lot, located at 407 N Veterans Blvd in Pharr, Texas (Hidalgo County, zip code 78577), is offered at $500,000. Zoned for commercial use (APN: C1293-02-000-0001-00), this property boasts a highly desirable location near the intersection of Veterans Boulevard and Business 83, providing unparalleled visibility from Interstate 2. Its strategic position within the Rio Grande Valley offers easy access to residential areas, thriving business districts, and essential services. The site's high visibility and convenient location make it an attractive investment opportunity for a variety of retail developments. This is a rare chance to acquire a prime piece of land in a rapidly growing area, perfectly suited for businesses seeking maximum exposure and accessibility. The property's proximity to major thoroughfares ensures high traffic volume, translating to significant potential for customer engagement and business success. Don't miss this opportunity to secure a prominent location for your next retail venture in the heart of Pharr, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $239,000
      Market price range: $183k - $656k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $390,000
      Current use
      OFFICE BUILDING
      $400,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $395,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $310,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1673
    Latitude
    26.1965
    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
    $6,008
    $136,868
    $77,319
    $214,187
    -
    $136,868
    $77,319
    $214,187

    Comparable in this City

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      $515,000
      2,762 SF

      1313 Nolana Loop

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      1313 Nolana Loop, Pharr, TX 78577
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    • Value Estimation
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      1115 Jackson Rd

      CAR WASH • 2,112 SF
      1115 Jackson Rd, Pharr, TX 78577-6639
      View Details
    • Value Estimation
      $320,000
      1,488 SF

      Ss Cage Blvd At E Hall Acres Rd Rd

      CAR WASH • 1,488 SF
      Ss Cage Blvd At E Hall Acres Rd Rd, Pharr, TX 78577
      View Details
    • Value Estimation
      $350,000
      1,680 SF

      7111 Cage Blvd

      CAR WASH • 1,680 SF
      7111 Cage Blvd, Pharr, TX 78577-9339
      View Details
    • Value Estimation
      $240,000
      2,380 SF

      120 Cage Blvd

      CAR WASH - SELF-SERVE • 2,380 SF
      120 Cage Blvd, Pharr, TX 78577-3903
      View Details
    • Value Estimation
      $370,000
      2,678 SF

      1424 Nolana Loop

      CAR WASH - SELF-SERVE • 2,678 SF
      1424 Nolana Loop, Pharr, TX 78577
      View Details

    Similar Nearby for Sale

    • $380,000
      460 SF

      Pharr Commercial Property For Sale

      Commercial property with office space on high-traffic street in Pharr.
      3301 N Veterans Blvd, Pharr, TX 78577
      View Details
    • New
      $1,647,847
      1.94 Acres

      Prime Commercial Land Opportunity

      1.94 acre commercial land for sale in Pharr, Texas.
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    • $390,000
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      Pharr Car Wash Investment Opportunity

      Car wash on Veterans Boulevard with high traffic and visibility.
      407 N Veterans Blvd, Pharr, TX 78577
      View Details
    • $1,795,000
      6,241 SF

      Prime Commercial Building in Pharr

      High-visibility commercial building with versatile spaces in a high-traffic location.
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      New Circle K Truck Stop

      New construction Circle K truck stop for sale.
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    • $980,000
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      Commercial Property on Veterans Blvd

      Commercial building on Veterans Blvd, configured for automotive service.
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    Similar Nearby for Lease

    • $70 SF/Yr

      Fenced Storage Yard for Rent

      2.5-acre fenced storage yard with automatic gate and camera.
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      Sam Houston Plaza: Pharr, TX

      Prime Pharr Office/Retail Space
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    • $18 SF/Yr
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      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
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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
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    • Contact for pricing
      15,900 SF

      Heb Grocery Center Retail Space

      High-traffic retail space near HEB. Excellent visibility.
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      Prime I-2 Commercial Plaza

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      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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