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    Commercial Land with Small Office Title is generated by Realmo AI

    1001 S Veterans Boulevard, Edinburg, TX 78539

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    Commercial general zoned land with an existing 2007 concrete block office needing roof and ceiling replacement.

    Type:Land
    Property size:
    382 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $562/SF
    Added:
    May 26, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 2:27 am

    Property Features for 1001 S Veterans Boulevard

    General Information

    Standard status
    Active
    Size
    382 SF
    Lot size
    0.28 Acres
    Property subtype
    Land

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    David Olivarez

    Listing agent David Olivarez

    Listing office Encore Fine Properties

    Listing date May 26, 2026

    Source Crexi

    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 Encore Fine Properties

    HighLights

    • Commercial general‑zoned property at 1001 South Veterans Blvd, Edinburg, TX (southwest corner of Veterans Blvd and Park Dr).
    • Sold for land value on 0.27+ acre lot per survey; 88.8 ft wide by 150 ft deep.
    • Includes a 382 SF concrete block office built in 2007.
    • Office requires roof and ceiling replacement.

    Overview

    The offering includes commercially zoned land with an existing 382-square-foot concrete block office building constructed in 2007. The improvements require roof and ceiling replacement, making this a renovation or redevelopment opportunity for an owner-operator or investor willing to address deferred building systems. The property is reported on a survey at 88.8 feet wide by 150 feet deep.

    The site is located at the southwest corner of South Veterans Boulevard and Park Dr in Edinburg, Texas, near homes, apartments, and other local businesses serving the community. The information provided indicates the property is being sold for land value, and buyers should complete their own due diligence regarding intended use and suitability.

    For prospective tenants or purchasers, the existing structure may support limited office use after repairs, while the land component may better fit a business seeking a future build-out. The commercial general zoning provides flexibility for a range of uses, subject to confirmation with applicable authorities. Because the building condition is the primary concern, budgeting for roof and ceiling replacement should be part of any feasibility review.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3588412
    Latitude
    26.2342659

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    FAQs

    What type of property is this?
    Office building - Commercial general zoned land with an existing 2007 concrete block office needing roof and ceiling replacement.
    Where is this office building located?
    The property is located at 1001 S Veterans Boulevard Edinburg, TX.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Commercial general‑zoned property at 1001 South Veterans Blvd, Edinburg, TX (southwest corner of Veterans Blvd and Park Dr).; Sold for land value on 0.27+ acre lot per survey; 88.8 ft wide by 150 ft deep.; Includes a 382 SF concrete block office built in 2007.
    We can help!
    Contact for Pricing
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    and status of this listing
    David Olivarez
    Learn More
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    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
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