1431 Polk AvePharr, TX 78577

Property Details for 1431 Polk Ave

Year built

2008

Lot size

0.60 AC

Property size (Sq ft)

3,036 SF

Zone code

CO

Property type

Office buildings

APN

A2600-01-000-0006-00

APU

A260001000000600

Description

This exceptional single-tenant executive office building at 1431 Polk Avenue in Pharr, Texas, presents a unique investment opportunity. The property boasts a generous 26,189.14 square foot lot and offers 3,036 square feet of well-maintained office space. The building features six individual office suites, currently available for lease, with one suite priced at $300 per month. A minimum 12-month lease is required. Tenants enjoy shared amenities including a beautifully appointed lobby, a fully equipped kitchen, and a large conference room. Utilities are included in the monthly rent, encompassing electricity, water, and high-speed internet access (both Wi-Fi and hardwired connections). The property is conveniently located just one minute from the expressway, providing easy access to major transportation routes. The property includes 10 parking spaces for tenant and visitor use. The APN is A260001000000600. This is an ideal location for businesses seeking a professional and convenient workspace in Pharr, Texas, with the added benefit of shared amenities and included utilities. The property is zoned for commercial and executive office use.

• CAP approach

  CAP return

  Valuation

  6%

  $417,208

  6.5%

  $385,115

  7%

  $357,607

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,798

  Geo Method

  $689,992

• Alternative Use

  Use

  Valuation

  Residential

  $477,543

  Hospitality

  $437,427

  Educational

  $363,934

  Medical

  $376,450

  Retail

  $566,120

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.2064

Longitude

-98.2006

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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