Pharr, TX
Commercial Real Estate Market Trends & Data

$365 Avg asking sale price
$26 Avg asking lease rate
36,301 SF Avg unit lease size
30,969 SF Avg building size for sale
7.92% Average cap rate

Pharr's Demographic Profile

Pharr has 26,212 households and a median income of $42,894, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 87,159
# Households 26,212
Median age 31
Median household income $42,894
Avg household size 3.0
Renter-occupied housing units 9,821
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pharr, TX

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Pharr $228 25,661 SF 13.30%
McAllen $223 20,499 SF 13.30%
Alton $221 12,112 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pharr $124 44,980 SF 13.30%
McAllen $162 51,622 SF 13.30%
Nearby Retail Markets Avg Cost/SF Typical Size
Pharr $424 49,359 SF
San Juan $198 6,252 SF
Alamo $152 7,232 SF
McAllen $455 40,896 SF
Palmhurst $180 11,200 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Pharr $313 9,793 SF 12.39%
McAllen $180 10,062 SF 12.39%
Donna $151 83,329 SF 10.34%

Commercial Properties For Sale in Pharr

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Elstar Dental

McAllen, TX 78501

  • 7,500 SF Retail Building
  • 6.99% Cap Rate
  • $3,110,000
For Sale

Las Magnolias Signature Living

Edinburg, TX 78542

  • 31,800 SF Multifamily
  • 6.20% Cap Rate
  • $6,000,000
For Sale

107 W Nolana Ave

McAllen, TX 78504

  • 2,250 SF Retail Building
  • $525,000
For Sale

2601 Cornerstone Blvd

Edinburg, TX 78539

  • 15,953 SF Office Building
  • $2,359,500
For Sale

00 East Dicker Road Rd

Hidalgo, TX 78557

  • 6.57 AC Lot
  • 1 Commercial Lot
  • $1,402,326
For Sale

1300 East Upas Avenue

McAllen, TX 78501

  • 26,000 SF Industrial Building
  • $2,210,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pharr pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pharr $365 30,969 SF
San Juan $261 10,311 SF
Hidalgo $1,580 27,821 SF
Alamo $115 11,949 SF
McAllen $381 27,386 SF

Regional Demographic Comparison

This comparison places Pharr alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pharr or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pharr 87,159 26,212 31 $42,894 3 9,821 6%
San Juan 35,697 10,057 32 $45,060 4 2,393 4%
Hidalgo 11,539 3,076 31 $38,697 4 699 4%
Alamo 23,380 7,369 34 $37,346 3 1,795 8%
McAllen 143,677 48,878 35 $51,715 3 20,411 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pharr, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pharr

View All Commercial Real Estate For Sale in Pharr
Is Pharr a good market for a first-time commercial real estate investor?

Pharr offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pharr?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pharr. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pharr?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pharr. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pharr compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pharr. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pharr acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pharr, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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