Prime Retail Space Near
1724 E University Drive Edinburg, TX 78542
For Sale
$399,000
COMMERCIAL - Edinburg, TX
Property Size1,600 SF
Lot Size0.16 Acres
Price / SF$249.38
Days on Market227
Property Features for 1724 E University Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 10
- Parking features
- Special Needs
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Water Heater (Other)
- Standard status
- Active
- APN
- V340000002001200
- Size
- 1,600 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 1358
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Building materials
- Stucco
- Roof type
- Flat
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Allen Lozano
(956) 246-2563
Added: Dec 9, 2025
Changed: Apr 15
Last Checked: Jul 24 at 2:06AM
MLS# 448701
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This modern retail space is located in a bustling commercial zone near Highway 281 and State Highway 107 (E University Dr). The property is situated in close proximity to major national retailers such as McDonald's, Whataburger, and Walgreens, as well as the University of Texas Rio Grande Valley (UTRGV). The building consists of two units, each boasting 800 square feet of flexible, open space, totaling 1600 square feet. The property is suitable for retail, office, or service-oriented businesses. The 0.163-acre lot includes ample parking. The property features contemporary finishes and large storefront windows.
Key Highlights
- Prime location in a high‑traffic commercial zone near Highway 281 and State Highway 107 (E University Dr) and UTRGV.
- Close proximity to major national retailers (McDonald's, Whataburger, Walgreens).
- Two well‑designed units, each with 800 sq ft of flexible, open space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $22.20 |
| − Vacancy | −$5.0k | −$3.11 |
| EGI | $30.5k | $19.09 |
| − OpEx | −$7.6k | −$4.77 |
| NOI | $22.9k | $14.32 |
1,600 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$254.7K
$222.9K – $297.2K
NOI $17,832 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Modern retail/office space in high-traffic commercial zone near UTRGV.
Where is this retail space located?
The property is located at 1724 E University Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime location in a high‑traffic commercial zone near Highway 281 and State Highway 107 (E University Dr) and UTRGV.; Close proximity to major national retailers (McDonald's, Whataburger, Walgreens).; Two well‑designed units, each with **800 sq ft of flexible, open space.**
