Mixed-Use Property with
New
For Sale
$1,575,000
1222 N Closner Boulevard, Edinburg, TX 78541
A separate office building complements the warehouse and provides additional commercial space on a 5.25-acre site.
Property Size11,247 SF
Lot Size5.25 Acres
Price / SF$140.04
Days on Market4
Property Features for 1222 N Closner Boulevard
General Information
Standard status
Active
Size
11,247 SF
Total Parking Spaces
23
Lot size
5.25 Acres
Property subtype
Commercial
Zoning
CO
Warehouse & Industrial
Warehouse Space
9,375 SF
Office Build-Out
1,872 SF
Additional Details
Property Use
Warehouse, Office
Taxes and HOA fees
Annual Taxes
$12,185
Building Details
Building Size
11,247 SF
Year Built
1981
Buildings
2
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:08PM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
The property combines a 9,375-square-foot warehouse with a detached 1,872-square-foot office building. The warehouse has two overhead doors, and the site totals 5.25 acres. The buildings were constructed in 1981, and the property is zoned CO.
Located at 1222 N Closner Boulevard in Edinburg, the property offers warehouse and office space within one commercial holding.
Located at 1222 N Closner Boulevard in Edinburg, the property offers warehouse and office space within one commercial holding.
Key Highlights
- 9,375‑square‑foot warehouse with two overhead doors
- Separate 1,872‑square‑foot office building
- 5.25‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,655
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,100
$2.5M
Cap Rate 7%
$1,809,357
$1.8M
Cap Rate 9%
$1,407,278
$1.4M
Market Conditions
NOI Build-Up for 11,247 SF
Gross rent
$222.7K $19.80/SF
− Vacancy
−$20.0K −$1.78/SF
EGI
$202.6K $18.02/SF
− OpEx
−$76.0K −$6.76/SF
NOI
$126.7K $11.26/SF
Area
Edinburg, TX
Vacancy
9.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,100
Cap Rate 7%
$1,809,357
Cap Rate 9%
$1,407,278
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $161,046 @ 7.0% cap · market cap 10.23%
Second Best
Mixed Use
$1.81M
$1.58M – $2.11M
NOI $126,655 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,282 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate office building complements the warehouse and provides additional commercial space on a 5.25-acre site.
Where is this mixed-use property 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: 9,375‑square‑foot warehouse with two overhead doors; Separate 1,872‑square‑foot office building; 5.25‑acre site
