Freestanding Convenience Store with
For Sale
$950,000
0-910 Edinburg Avenue, Elsa, TX 78542
Corner retail property with coolers, shelving, food-preparation areas, parking, and a drive-thru canopy.
Property Size2,309 SF
Price / SF$411.43
Days on Market201
Property Features for 0-910 Edinburg Avenue
General Information
Standard status
Active
Size
2,309 SF
Taxes and HOA fees
Annual Taxes
$11,227
Listing Agency:
Rio Valley Realty
(956) 687-7653
Listed By:
Marla L. Cantu
(956) 292-3622
Source:
Exprealty
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rio Valley Realty
Investment Insights
Based on property information with market context.
This freestanding corner convenience store combines customer-facing retail space with infrastructure for food and beverage operations. Existing improvements include shelving, walk-in coolers, beverage coolers, refrigeration, and preparation areas, along with room for a fully built-out commercial kitchen. A drive-thru canopy supports convenient service from the property.
The site offers visibility from a major roadway, multiple ingress and egress points, and on-site parking. Located in Elsa, Texas, the property can accommodate a convenience store, café, taqueria, quick-service restaurant, or specialty food concept, subject to applicable approvals.
The site offers visibility from a major roadway, multiple ingress and egress points, and on-site parking. Located in Elsa, Texas, the property can accommodate a convenience store, café, taqueria, quick-service restaurant, or specialty food concept, subject to applicable approvals.
Key Highlights
- Freestanding corner convenience store with drive‑thru canopy
- Retail area includes shelving, walk‑in coolers, beverage coolers, and refrigeration
- Space available for a fully built‑out commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,200
$670.2K
Cap Rate 7%
$478,714
$478.7K
Cap Rate 9%
$372,333
$372.3K
Market Conditions
NOI Build-Up for 2,309 SF
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.
Gross rent
$47.4K $20.52/SF
− Vacancy
−$2.7K −$1.17/SF
EGI
$44.7K $19.35/SF
− OpEx
−$11.2K −$4.84/SF
NOI
$33.5K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,200
Cap Rate 7%
$478,714
Cap Rate 9%
$372,333
Alternative Uses
Best Use
Specialty Retail
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 3.53%
Second Best
Retail
$445.4K
$389.7K – $519.6K
NOI $31,176 @ 7.0% cap · market cap 3.28%
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.03M
NOI $121,742 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
248k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 32%
Shops & Services 28%
Electronics 3%
Walmart
Superstores
80,194 visits/mo
0.4 miles
Whataburger
Dining
32,091 visits/mo
0.1 miles
Murphy USA
Shops & Services
30,755 visits/mo
0.5 miles
Dollar Tree
Shops & Services
21,149 visits/mo
0.5 miles
SONIC Drive In
Dining
12,331 visits/mo
0.4 miles
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner retail property with coolers, shelving, food-preparation areas, parking, and a drive-thru canopy.
Where is this grocery and convenience store located?
The property is located at 0-910 Edinburg Avenue Elsa, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Freestanding corner convenience store with drive‑thru canopy; Retail area includes shelving, walk‑in coolers, beverage coolers, and refrigeration; Space available for a fully built‑out commercial kitchen
