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    Prime Retail Space Near UTRGV Title is generated by Realmo AI

    1724 E University Drive, Edinburg, TX 78542

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    Claim this Listing
    For Sale
    $399,000

    COMMERCIAL - Edinburg, TX

    Property size:
    1,600 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $249/SF
    Added:
    Dec 9, 2025
    Days on Market:
    182
    Last Refresh:
    Jun 9 at 1:06 am

    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

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    Listing Contact
    Allen Lozano

    Listing agent Allen Lozano

    Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX

    Listing date Dec 9, 2025

    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.

    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.
    • Modern construction (built in 2023) with contemporary finishes and stucco exterior.
    • Large storefront windows for high visibility.
    • Ample parking, including special needs parking and accessible ramp.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $22,910 @ 7.0% cap · market cap 5.74%
    Second Best
    Retail
    $254.7K
    $222.9K – $297.2K (±1% cap)
    NOI $17,832 @ 7.0% cap · market cap 4.47%
    Theoretical Best
    Office A
    $415.2K
    $363.3K – $484.4K (±1% cap)
    NOI $29,061 @ 7.0% cap · market cap 7.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.145103
    Latitude
    26.298775

    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.**
    More about this property
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