Warehouse and Office on Large
For Sale
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1222 N Closner Boulevard, Edinburg, TX 78541
Commercial property with warehouse, office, and expansion potential.
Property Size9,375 SF
Lot Size5.25 Acres
Price / SF$168
Days on Market973
Property Features for 1222 N Closner Boulevard
General Information
Standard status
Active
Size
9,375 SF
Total Parking Spaces
23
Lot size
5.25 Acres
Property subtype
Office, Industrial
Building Details
Year Built
1981
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Jaime Lee Gonzalez · License #TXTX
Source:
Crexi
Added: Dec 9, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:25AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This commercial property is located in a high-traffic area and offers accessibility. The property includes a 9,375-square-foot warehouse with 2 overhead doors and a separate 1,872-square-foot office building. Situated on a 5.25-acre lot, the property provides space for operations and potential for expansion and business opportunities. The property is suitable for warehouse utilization and product storage.
Key Highlights
- High‑traffic location with great accessibility
- Large 5.25‑acre lot offering ample space and expansion potential
- 9,375 sq ft warehouse with 2 overhead doors**
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
$134,241
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
8.52%
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%
$2,684,820
$2.7M
Cap Rate 7%
$1,917,729
$1.9M
Cap Rate 9%
$1,491,567
$1.5M
Market Conditions
NOI Build-Up for 9,375 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
$208.1K $22.20/SF
− Vacancy
−$29.1K −$3.11/SF
EGI
$179.0K $19.09/SF
− OpEx
−$44.7K −$4.77/SF
NOI
$134.2K $14.32/SF
Area
Edinburg, TX
Vacancy
14.00%
Lease Rate
$22.20 /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%
$2,684,820
Cap Rate 7%
$1,917,729
Cap Rate 9%
$1,491,567
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,241 @ 7.0% cap · market cap 8.52%
Second Best
Flex RnD
$1.04M
$909.0K – $1.21M
NOI $72,723 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,280 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
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?
Flex space - Commercial property with warehouse, office, and expansion potential.
Where is this flex space located?
The property is located at 1222 N Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: High‑traffic location with great accessibility; Large 5.25‑acre lot offering ample space and expansion potential; 9,375 sq ft warehouse with 2 overhead doors**
