3700 Cage BlvdPharr, TX 78577

Property Details for 3700 Cage Blvd

Year built

2000

Construction

FRAME

Lot size

8.49 AC

Property size (Sq ft)

1,056 SF

Property type

Office buildings

APN

K2400-00-000-0116-01

APU

K240000000011601

Description

This exceptional 8.49-acre commercial and industrial land parcel presents a remarkable investment opportunity in the thriving city of Pharr, Texas. Located at 3700 N Cage Blvd, this single-tenant property boasts a highly desirable location directly off the expressway, ensuring exceptional visibility and accessibility for any business. The property is zoned for commercial use within Hidalgo County, offering flexibility for a wide range of development projects. The strategic positioning within a high-traffic area, surrounded by established retailers and restaurants, guarantees significant exposure and attracts a substantial customer base. This prime location offers unparalleled convenience and accessibility, making it an attractive destination for businesses seeking a prominent presence in Pharr's dynamic commercial landscape. The property's size and zoning provide ample space for various commercial or industrial ventures, capitalizing on the area's robust economic growth and high demand for commercial real estate. This is an exceptional opportunity to establish a thriving business in a prime location with excellent visibility and accessibility. The property's location in Pharr, Texas, zip code 78577, offers easy access to major transportation routes, further enhancing its appeal to potential investors and businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $164,465

  6.5%

  $151,814

  7%

  $140,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $91,060.20

  Geo Method

  $239,997

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $293,850

  Retail / Commercial

  $151,671

  Mixed-Use / Specialty

  $151,907

  Hospitality / Lodging

  $112,461

  Institutional / Educational

  $158,200

  Residential Income

  $185,093

  Multifamily

  $217,684

  Automotive / Energy

  $135,600

  Parking / Income-Based Land

  $46,026.20

  Restaurant / Food Service

  $80,666

  Healthcare / Senior Housing

  $154,981

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.2263

Longitude

-98.1768

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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