Mixed-Use Income Property with
For Sale
$2,900,000
1012 E Owassa Road, Edinburg, TX 78542
Multi-tenant retail, self-storage units, and residential income provide diversified use under one ownership at 1012 E Owassa Road.
Property Size19,154 SF
Price / SF$151.40
Days on Market74
Property Features for 1012 E Owassa Road
General Information
Standard status
Active
Size
19,154 SF
Property subtype
General Commercial
Building Details
Year Built
2005
Listing Agency:
Nova Realty Enterprise Llc
(956) 586-8968
Listed By:
Gabriela Chavez
(956) 586-8968
Source:
Xome
Added: May 18
Changed: Jul 10
Last Checked: Jul 29 at 1:59PM
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 Nova Realty Enterprise Llc
Investment Insights
Based on property information with market context.
This mixed-use property is designed to generate income from multiple commercial and residential components. It includes three retail spaces of approximately 2,400 square feet each and one retail space of approximately 3,600 square feet. Also on site are four self-storage units of approximately 1,200 square feet each, with 16-foot ceilings that can support a range of storage requirements. In addition, the property includes a 1-bedroom, 1-bath apartment of approximately 800 square feet and a separate, larger residence of approximately 2,562 square feet that features a pool and gazebo.
Located at 1012 E Owassa Road in Edinburg, TX 78542, the property combines storefront and storage configurations with on-site housing. This layout supports an owner-operator approach where commercial tenants and storage customers can be served alongside residential space.
For investors or owner-users, the mix of retail, storage, and residential units can offer operational flexibility compared to a single-use asset. The storage component’s higher ceilings may be particularly useful for customers needing more vertical clearance, while the retail spaces provide dedicated areas for storefront activity and related services. Residential units add a separate layer of potential income within the same property footprint.
Located at 1012 E Owassa Road in Edinburg, TX 78542, the property combines storefront and storage configurations with on-site housing. This layout supports an owner-operator approach where commercial tenants and storage customers can be served alongside residential space.
For investors or owner-users, the mix of retail, storage, and residential units can offer operational flexibility compared to a single-use asset. The storage component’s higher ceilings may be particularly useful for customers needing more vertical clearance, while the retail spaces provide dedicated areas for storefront activity and related services. Residential units add a separate layer of potential income within the same property footprint.
Key Highlights
- Mixed‑use income property at 1012 E Owassa Road with multiple revenue streams: retail, storage, and residential units under one ownership
- Retail offering includes three spaces approx. 2,400 SF each and one additional retail space approx. 3,600 SF
- Four storage units approx. 1,200 SF each with 16‑foot ceilings
Financial Insights For Mixed Use
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 | $379.2k | $19.80 |
| − Vacancy | −$34.1k | −$1.78 |
| EGI | $345.1k | $18.02 |
| − OpEx | −$129.4k | −$6.76 |
| NOI | $215.7k | $11.26 |
19,154 SF · lease $19.80/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,266 @ 7.0% cap · market cap 9.46%
Second Best
Mixed Use
$3.08M
$2.70M – $3.59M
NOI $215,698 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,898 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Multi-tenant retail, self-storage units, and residential income provide diversified use under one ownership at 1012 E Owassa Road.
Where is this live-work space located?
The property is located at 1012 E Owassa Road Edinburg, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Mixed‑use income property at 1012 E Owassa Road with multiple revenue streams: retail, storage, and residential units under one ownership; Retail offering includes three spaces approx. 2,400 SF each and one additional retail space approx. 3,600 SF; Four storage units approx. 1,200 SF each with 16‑foot ceilings
