Building Details

Year Built 2002

Construction cinder block

Listing Agency: Monarca Real Estate Group Llc

Listed By: Francisco Gonzalez-Ortega · License #801071768 Show Phone

Source: Aregtx

Added: Apr 24 Changed: Sep 15 Last Checked: Oct 7 at 4:40PM

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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 Monarca Real Estate Group Llc

Investment Insights

Based on property information with market context.

This flex space includes a 1,250-square-foot cinder block building constructed in 2002. The layout provides an office area and restrooms within a compact commercial facility suited to warehouse, shop, or small-business operations. The building is positioned on more than half an acre, allowing for on-site parking, outdoor storage, and possible expansion.

Located at 10012 E State Highway 107 in Edinburg, the property occupies a corner position along the highway. Access is provided from a city road and county road, with the site offering direct exposure to State Highway 107. Existing parking includes 5 spaces, along with garage and on-street parking references in the property details.

Key Highlights

• 1,250‑square‑foot cinder block building constructed in 2002
• More than half an acre with room for parking, storage, or expansion
• Corner property directly on State Highway 107 in Edinburg, TX

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,696

Cap Rate

3.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,920 $193.9K

Cap Rate 7%

$138,514 $138.5K

Cap Rate 9%

$107,733 $107.7K

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$15.3K $12.24/SF

− Vacancy

−$383 −$0.31/SF

EGI

$14.9K $11.93/SF

− OpEx

−$5.2K −$4.18/SF

NOI

$9.7K $7.76/SF

Area

Edinburg, TX

Vacancy

2.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,920

Cap Rate 7%

$138,514

Cap Rate 9%

$107,733

Alternative Uses

Best Use

Flex RnD

$138.5K

$121.2K – $161.6K (±1% cap)

NOI $9,696 @ 7.0% cap · market cap 3.34%

Second Best

Warehouse

$131.7K

$115.2K – $153.6K (±1% cap)

NOI $9,218 @ 7.0% cap · market cap 3.18%

Theoretical Best

Office A

$324.3K

$283.8K – $378.4K (±1% cap)

NOI $22,704 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Building Supply (Bike/Boat/Book/etc) Store Bakery Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Corner site offers highway access, restrooms, and room for parking, storage, or future expansion.

Where is this flex space located?

The property is located at 10012 E State Highway 107 Edinburg, TX.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: 1,250‑square‑foot cinder block building constructed in 2002; More than half an acre with room for parking, storage, or expansion; Corner property directly on State Highway 107 in Edinburg, TX