Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1724 E University Dr Edinburg, TX 78542

    View on Map
    Sponsored
    For Sale
    $399,000

    COMMERCIAL - Edinburg, TX

    Property size:
    1,600 SF
    Lot size:
    0.16 Acres
    Days on Market:
    91
    Last Refresh:
    Mar 10 at 8:06 pm

    Property Features for 1724 E University Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    V340000002001200
    Parking
    10
    Parking features
    Special Needs
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Water Heater (Other)
    Size
    1,600 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Allen Lozano

    Benavides International Group (956) 465-0011

    Listing agent Allen Lozano (956) 246-2563

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space Near UTRGV

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    Nearby Similar for Sale

    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano St, Edinburg, TX 78539
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Dr, Edinburg, TX 78539
      View Details
    • $200,000
      3,006 SF

      Established Restaurant Business Opportunity

      Turn-key restaurant business for sale in Edinburg, Texas.
      403 W Trenton Rd, Edinburg, TX 78539
      View Details
    • $375,000
      3,848 SF

      Edinburg Fourplex Investment Opportunity

      Fourplex near UTRGV with immediate cash flow potential.
      1404 Phoenix St, Edinburg, TX 78541
      View Details
    • $359,000
      3,640 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained fourplex near UTRGV, retail, and restaurants.
      2013 N El Mundo Dr, Edinburg, TX 78541
      View Details
    • $450,000
      8,375 SF

      Remodeled Apartment Complex Investment

      Newly remodeled 10-unit apartment complex in Edinburg, Texas.
      7504 Us Highway 281, Edinburg, TX 78542
      View Details
    • $1,575,000
      11,247 SF

      Edinburg Commercial Property with Warehouse

      Commercial property featuring a warehouse and office building on 5.25 acres.
      1222 N Closner Blvd, Edinburg, TX 78541
      View Details
    • $400,000
      20.00 Acres

      20 Acres in Edinburg, TX

      20-acre property with livestock facilities and recreational amenities.
      Moorefield Rd, Edinburg, TX 78541
      View Details
    • $319,000
      9.84 Acres

      9.84 Acres in Edinburg, TX

      Prime land suited for ranch or agricultural venture in Edinburg.
      21800 Sunflower Rd, Edinburg, TX 78542
      View Details
    • $899,000
      Pending

      Medical Office in Edinburg

      4,800 sq ft medical office in Cornerstone Medical Park.
      2401 Cornerstone Blvd, Edinburg, TX 78539
      View Details
    • $230,000
      1,104 SF

      Edinburg Commercial Property For Sale

      Commercial property on Tower Rd, near 107, Edinburg, TX.
      1308 S Tower Rd, Edinburg, TX 78542
      View Details
    • $325,000
      Pending

      Turnkey Edinburg 4-Plex Investment

      Rare, steady cash flow investment property in a prime location.
      2621 Presidio Dr, Edinburg, TX 78539
      View Details

    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 Dr 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.**
    (956) 465-0011
    Request Owner's contact information
    1724 E University Dr Edinburg, TX 78542
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1724 E University Dr
    Edinburg, TX 78542
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1724 E University Dr Edinburg, TX 78542
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Allen Lozano
    (956) 465-0011 (956) 246-2563 (956) 283-4082
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!