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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Kelly Ave Pharr, TX 78577-4905

    • Individual retail properties
    • 6,300 SF
    • 5.05 lot acres
    OFF-MARKET
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4130417
    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

    • Individual retail properties

    Property Details for 601 Kelly Ave

    Year built
    1989
    Lot size
    5.05 lot acres
    Property size
    6,300 SF
    Property type
    Individual retail properties
    APN
    P6200-00-00M-0000-01
    APU
    P62000000M000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $448,000
      Market price range: $226k - $449k

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $330,000
      Current use
      MEDICAL BUILDING
      $650,000
      Change: +96% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $575,000
      Change: +74% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $435,000
      Change: +31% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1774
    Latitude
    26.1918
    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
    $868,913
    $508,621
    $1,377,534
    -
    $868,913
    $508,621
    $1,377,534

    Comparable in this City

    • Value Estimation
      $280,000
      1,500 SF

      820 Del Oro Ln

      BARBER, HAIR SALON • 1,500 SF
      820 Del Oro Ln, Pharr, TX 78577-2200
      View Details
    • Value Estimation
      $345,000
      6,000 SF

      201 Feather Ave

      GYM, HEALTH SPA • 6,000 SF
      201 Feather Ave, Pharr, TX 78577-5464
      View Details
    • Value Estimation
      $265,000
      2,850 SF

      129 Park Ave

      LAUNDROMAT (SELF-SERVICE) • 2,850 SF
      129 Park Ave, Pharr, TX 78577-4740
      View Details
    • Value Estimation
      $190,000
      784 SF

      6810 Cage Blvd

      BARBER, HAIR SALON • 784 SF
      6810 Cage Blvd, Pharr, TX 78577-9044
      View Details
    • Value Estimation
      $250,000
      990 SF

      109 Park Ave

      BARBER, HAIR SALON • 990 SF
      109 Park Ave, Pharr, TX 78577-4836
      View Details
    • Value Estimation
      $635,000
      15,542 SF

      300 Sioux Rd

      GYM, HEALTH SPA • 15,542 SF
      300 Sioux Rd, Pharr, TX 78577-1703
      View Details

    Similar Nearby for Sale

    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail space, warehouse, and ample parking.
      913 W Us Hwy, Pharr, TX 78577
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    • $2,583,000
      9,575 SF

      Versatile Commercial Property in Pharr

      Two-story commercial property with retail and office space.
      902 S Cage Blvd, Pharr, TX 78577
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    • $330,000
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      Established Salon in Prime Location

      Thriving beauty salon with loyal clientele in high-traffic area.
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      View Details
    • New
      $230,000
      1,800 SF

      Pharr Commercial Building For Sale

      Commercial building with two office suites in high-traffic location.
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    • $41,779,893
      534,881 SF

      At Home Portfolio: 5 Stores

      Texas Retail Portfolio: NNN Lease, High NOI
      1600 Kelly Ave, 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.
      1610 Ridge Rd, Pharr, TX 78577
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      3,960 SF

      Retail Space in Growing Area

      Blank slate retail space with buildout potential in Pharr, TX.
      1015 Minnesota Ave, Pharr, TX 78577
      View Details
    • $6,000 /Mo
      3,025 SF

      Retail Space in Prime Location

      3,022 sq ft retail space in high-visibility location.
      1519 S Jackson Rd, Pharr, TX 78577
      View Details
    • $35 SF/Yr
      14,200 SF

      Retail Destination in Pharr Town Center

      Dynamic retail and entertainment destination in the Rio Grande Valley.
      1301 N Jackson Rd, Pharr, TX 78577
      View Details
    • $1.60 SF/Yr
      6,000 SF

      New Flex Space Warehouse

      New construction flex space in prime McAllen location.
      1520 N Jackson Road-Pre, Pharr, TX 78577
      View Details
    • $2,812 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space ideal for retail, office, or industrial.
      3550 N Birch St, 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
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    601 Kelly Ave
    Pharr, TX 78577-4905
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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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