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

    205 W Edinburg Avenue Elsa, TX 78543

    View on Map
    Claim this Listing
    New
    For Lease
    $2,000 /Mo

    COMMERCIAL - Elsa, TX

    Property size:
    1,585 SF
    Lot size:
    0.16 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 13 at 10:06 am

    Property Features for 205 W Edinburg Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    9
    Parking features
    Off Street
    Security features
    Security System
    Standard status
    Active
    APN
    E540000080000900
    Size
    1,585 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2294

    Building Details

    Year built
    2007
    Floors in Building
    1

    We can help!

    Listing Contact
    Rogelio (Roy) Ramirez

    Listing agent Rogelio (Roy) Ramirez

    Listing office Davis Real Estate RGV, LLC 2300 W Pike Blvd. Suite 103-A, Weslaco, TX

    Listing date Apr 10, 2026

    MLS# 501317

    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.

    Overview

    Elsa Retail Space For Lease

    This commercial space, available for lease in Elsa, Texas, offers approximately 1,585 square feet. Previously used as a pharmacy, the property features a functional layout that includes a front retail area, an office, an employee restroom, and a private break room. The interior is equipped with built-in shelving and storage areas suitable for inventory or operational needs. The flexible floor plan can be adapted to a variety of uses, promoting efficient workflow. Situated at a high-traffic intersection, the location provides good visibility and accessibility. The property is located at 205 W Edinburg Avenue, Elsa, TX 78543, in Hidalgo County, on a lot of approximately 0.155 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dario Fernandez, PTA Physician Dara L. Bauer, ... Physician

    Suggested Use

    Big Box & Wholesale Store Car Rental Facility Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Cosmetic Store Home Appliance Store Building Supply Plumbing Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.994644
    Latitude
    26.293738

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space on Broadway Street

      Commercial space ideal for small business in Elsa, Texas.
      306 N Broadway Street unit: 3, Elsa, TX 78543
      View Details
    • Contact for pricing

      Restaurant Opportunity in Elsa, Texas

      Restaurant space with drive-thru, near highway and new H-E-B.
      623 East Edinburg Avenue, Elsa, TX, 78543
      View Details
    • Contact for pricing

      Retail Building in Elsa, Texas

      6,776 SF retail building in a thriving community.
      412 E Edinburg Avenue, Elsa, TX 78543
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space in Elsa, TX, suitable for various business ventures.
    Where is this retail space located?
    The property is located at 205 W Edinburg Avenue Elsa, TX.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: High‑traffic intersection location with excellent visibility and accessibility.; Functional layout previously used as a pharmacy.; Approximately 1,585 Sq.Ft. of commercial space.
    (956) 376-0799
    We can help!
    Listing Contact
    Rogelio (Roy) Ramirez
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!