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Downstairs Retail/Office Unit

506 Closner Boulevard Edinburg, TX 78539

Claim this Listing
For Sale
$299,000

COMMERCIAL - Edinburg, TX

Property size:
2,000 SF
Lot size:
0.09 Acres
Price / SF:
$149.50/SF
Added:
Sep 4, 2025
Days on Market:
314
Last Refresh:
Jul 14 at 8:06 am

Property Features for 506 Closner Boulevard

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
130
Parking features
Special Needs, On Street, Off Street
Exterior features
Balcony
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater, Water Heater (In Attic)
Standard status
Active
APN
A26630000000A3
Size
2,000 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3100

Utilities

Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air

Building Details

Year built
2002
Floors in Building
1
Building materials
Stucco
Roof type
Flat

Listing agent J.c. Lowe

Listing office Signature Properties Po Box 720366, McAllen, TX

Listing date Sep 4, 2025

MLS# 480127

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 listing is for the downstairs unit in a multi-unit complex. The property is offered for sale with a current month-to-month lease in place. Per the available remarks, the complex includes a total of three units, with the other two located on the second floor.

The property is located at 506 Closner Boulevard in Edinburg, Texas 78539, in Hidalgo County. The site is identified as 0.09 acres, and the listed property size is 2,000 square feet. Zoning is noted as C.

For tenants or operators seeking a smaller, single unit arrangement, the downstairs location can support day-to-day customer and service needs within the confines of an existing multi-unit building. For buyers, the current month-to-month tenancy provides an opportunity to take ownership of a unit within a three-unit complex while retaining flexibility around future occupancy. Interested parties may coordinate directly to confirm unit access, interior layout, and any lease-related terms applicable to the downstairs space.

Key Highlights

  • Downstairs unit - the only one in the complex!
  • Enjoy your own private balcony.
  • Stay comfortable year‑round with central air conditioning.

Local Financial Insights For Retail

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 $34.8k $17.40
− Vacancy −$3.0k −$1.48
EGI $31.8k $15.92
− OpEx −$9.6k −$4.78
NOI $22.3k $11.14
2,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$409.1K
$358.0K – $477.3K (±1% cap)
NOI $28,638 @ 7.0% cap · market cap 9.58%
Second Best
Retail
$318.4K
$278.6K – $371.5K (±1% cap)
NOI $22,289 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K (±1% cap)
NOI $36,326 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Dental Office HVAC Service Electrical Service Storage Facility Kitchen & Bath Showroom Garden Center

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

FAQs

What type of property is this?
Office units - Downstairs unit in a multi-unit complex, currently on a month-to-month lease and offered for sale.
Where is this office units located?
The property is located at 506 Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Downstairs unit - the only one in the complex!; Enjoy your own private balcony.; Stay comfortable year‑round with central air conditioning.
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More about this property
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