312 Nolana LoopMcAllen, TX 78577

Property Details for 312 Nolana Loop

Year built

2011

Lot size

1.88 AC

Property size (Sq ft)

16,170 SF

Property type

Office buildings

APN

N2840-00-000-0003-00

APU

N284000000000300

Description

This exceptional commercial property, located at 312 W Nolana Loop in Pharr, Texas, presents a unique investment opportunity. The property, built in 2011, encompasses a substantial 30,492 square foot lot and features a three-story building offering over 16,000 square feet of versatile commercial space. Ideal for a mixed-use development, the building is well-suited for first-floor retail tenants and multi-floor office spaces. Its strategic location near the intersection of Nolana and Highway 281 in Hidalgo County provides excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. Ample parking is available on-site, adding to the property's convenience and appeal. The asking price for this prime commercial real estate is $6,000,000. This property is situated in a rapidly developing trade area within Pharr, offering significant growth potential for the astute investor. The property's size, location, and adaptability make it a compelling investment in a thriving Texas market. The 78577 zip code further underscores its position within a dynamic and expanding commercial sector.

• CAP approach

  CAP return

  Valuation

  6%

  $2,222,088

  6.5%

  $2,051,158

  7%

  $1,904,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,394,360

  Geo Method

  $3,674,956

• Alternative Use

  Use

  Valuation

  Residential

  $2,543,436

  Hospitality

  $2,329,774

  Educational

  $1,938,344

  Medical

  $2,005,007

  Retail

  $3,015,202

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.2348

Longitude

-98.1809

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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