Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Cage Blvd Pharr, TX 78577-5417

    • Day care centers
    • 3,922 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2021
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0299596
    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

    • Day care centers

    Property Details for 601 Cage Blvd

    Year built
    1984
    Lot size
    0.68 lot acres
    Property size
    3,922 SF
    Property type
    Day care centers
    APN
    L6600-00-001-0001-00
    APU
    L660000001000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $508,000
      Market price range: $209k - $508k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $375,000
      Current use
      OFFICE BUILDING
      $520,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $515,000
      Change: +37% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $505,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $405,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $360,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1846
    Latitude
    26.189
    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
    $13,474
    $329,394
    $150,977
    $480,371
    -
    $329,394
    $150,977
    $480,371

    Comparable in this City

    • Value Estimation
      $350,000
      7,750 SF

      803 Athol St

      DAY CARE, PRE-SCHOOL • 7,750 SF
      803 Athol St, Pharr, TX 78577-5908
      View Details
    • Value Estimation
      $365,000
      6,400 SF

      1008 Ferguson St

      DAY CARE, PRE-SCHOOL • 6,400 SF
      1008 Ferguson St, Pharr, TX 78577-2486
      View Details
    • Value Estimation
      $195,000
      1,166 SF

      3204 Cage Blvd

      DAY CARE, PRE-SCHOOL • 1,166 SF
      3204 Cage Blvd, Pharr, TX 78577-9518
      View Details
    • Value Estimation
      $260,000
      2,570 SF

      8011 Cisne St

      DAY CARE, PRE-SCHOOL • 2,570 SF
      8011 Cisne St, Pharr, TX 78577-9297
      View Details
    • Value Estimation
      $255,000
      3,200 SF

      6908 Cage Blvd

      DAY CARE, PRE-SCHOOL • 3,200 SF
      6908 Cage Blvd, Pharr, TX 78577-9507
      View Details
    • Value Estimation
      $280,000
      3,283 SF

      3507 Veterans Blvd

      DAY CARE, PRE-SCHOOL • 3,283 SF
      3507 Veterans Blvd, Pharr, TX 78577-7815
      View Details

    Similar Nearby for Sale

    • $720,000
      4,280 SF

      Turn-Key Commercial Property in Pharr

      Move-in ready commercial property suitable for medical, daycare, or professional use.
      819 E Eller Ave, Pharr, TX 78577
      View Details
    • $1,400,000

      Pharr Event Center For Sale

      Event center on 1.72 acres in the Rio Grande Valley.
      1044 W Nolana Loop, Pharr, TX 78577
      View Details
    • $1,003,900
      1,200 SF

      Commercial Property on I69 & US281

      Commercial property with high visibility and income potential.
      2200 Cage Blvd N, Pharr, TX 78577
      View Details
    • $8,200,000
      10,500 SF

      Pharr Retail Investment Opportunity

      High-Traffic Retail Property, 10,500 SF
      1213 Interstate 2, Pharr, TX 78577
      View Details
    • $310,000

      Thriving Pharr Restaurant - Turnkey

      Established Restaurant, High-Profit Potential.
      5814 Cage Blvd, Pharr, TX 78577
      View Details
    • $579,783
      1.21 Acres

      Pharr Commercial Land - $579K

      Prime 1.21-acre pad site in Pharr, TX.
      1511 Nolana Loop, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      46,752 SF

      International Blvd. Commercial Property

      46-acre Special Purpose Property, High Traffic
      916 International Blvd, Pharr, TX 78577
      View Details
    • $20 SF/Yr
      24,787 SF

      Prime Pharr Medical Office Space

      Two Suites Available, High Visibility, Excellent Location
      1002 Sam Houston Blvd, Pharr, TX 78577
      View Details
    • $21 SF/Yr
      12,560 SF

      Sam Houston Plaza: Pharr, TX

      Prime Pharr Office/Retail Space
      1032 Sam Houston Blvd, Pharr, TX 78577
      View Details
    • $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
    • $8 SF/Yr
      74,165 SF

      Pharr Industrial Park Warehouse

      Industrial warehouse space in Pharr's Opportunity Zone.
      S San Juan Rd, Pharr, TX 78577
      View Details
    • Contact for pricing
      100,000 SF

      Pharr Industrial Warehouse Space Available

      100,000 SF industrial warehouse near Pharr International Bridge.
      300 E Capote Central Ave, Pharr, TX 78577
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Cage Blvd
    Pharr, TX 78577-5417
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.