Newly Built Strip Retail
New
For Sale
Contact for pricing
1015 E University Drive Unit 2, Edinburg, TX 78539
The property sits near UTRGV, the Hidalgo County Courthouse, and Highway 281.
Property Size1,072 SF
Price / SF$2.44
Days on Market2
Property Features for 1015 E University Drive Unit 2
General Information
Standard status
Active
Size
1,072 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:43AM
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 SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip retail property at 1015 E University Drive includes Unit 2 and was built in 2024. It is situated in Edinburg, near UTRGV, the Hidalgo County Courthouse, and Highway 281.
Key Highlights
- Built in 2024
- Unit 2 at 1015 E University Drive in Edinburg
- Near UTRGV, the Hidalgo County Courthouse, and Highway 281
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,940
$238.9K
Cap Rate 7%
$170,671
$170.7K
Cap Rate 9%
$132,744
$132.7K
Market Conditions
NOI Build-Up for 1,072 SF
Gross rent
$18.7K $17.40/SF
− Vacancy
−$1.6K −$1.48/SF
EGI
$17.1K $15.92/SF
− OpEx
−$5.1K −$4.78/SF
NOI
$11.9K $11.14/SF
Area
Edinburg, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,940
Cap Rate 7%
$170,671
Cap Rate 9%
$132,744
Alternative Uses
Best Use
Retail
$170.7K
$149.3K – $199.1K
NOI $11,947 @ 7.0% cap · market cap 456.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.2K
$243.4K – $324.5K
NOI $19,471 @ 7.0% cap · market cap 744.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The property sits near UTRGV, the Hidalgo County Courthouse, and Highway 281.
Where is this strip mall located?
The property is located at 1015 E University Drive Unit 2 Edinburg, TX.
What are key features of this property?
This property features: Built in 2024; Unit 2 at 1015 E University Drive in Edinburg; Near UTRGV, the Hidalgo County Courthouse, and Highway 281
