Multi-Tenant Retail Center with
For Sale
$4,200,000
4623 S Alamo Road Edinburg, Edinburg, TX 78542
Income-producing retail center with 15 units and two end-cap spaces featuring drive-through capability.
Property Size25,806 SF
Price / SF$162.75
Days on Market31
Property Features for 4623 S Alamo Road Edinburg
General Information
Standard status
Active
Size
25,806 SF
Total Parking Spaces
130
Taxes and HOA fees
Annual Taxes
$17,228
Amenities
Concrete,Laminate
true
25806
HidalgoCAD
Strip Mall
3.48
130
Roof Sign
Blacktop,Paved
Paved Road
City Street
false
Building Details
Building Size
25,806 SF
Year Built
2008
Stories
1
Tenancy
Multi
Listing Agency:
(956) 625-0050
Listed By:
Reynaldo Montez
(956) 625-0050
Source:
Goldenvalley-realestate
Added: Jul 14
Changed: Aug 10
Last Checked: Aug 13 at 3:18AM
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 Reynaldo Montez
Investment Insights
Based on property information with market context.
Income-producing multi-tenant retail center featuring 15 units totaling 25,806 SF, including two end-cap spaces with drive-through capability. The tenant mix includes necessity-based retail and service operators anchored by Domino’s Pizza.
The property is positioned along Alamo Rd near Trenton Rd in East Edinburg and offers strong frontage with convenient ingress and egress for daily customer access.
With its multi-unit layout and drive-through end-cap configuration, the center is designed to support a range of neighborhood-serving retail and service uses.
The property is positioned along Alamo Rd near Trenton Rd in East Edinburg and offers strong frontage with convenient ingress and egress for daily customer access.
With its multi-unit layout and drive-through end-cap configuration, the center is designed to support a range of neighborhood-serving retail and service uses.
Key Highlights
- Multi‑tenant retail strip mall at 4623 Alamo Rd, Edinburg, TX, with 15 units totaling 25,806 SF
- Two end‑cap spaces with drive‑through capability, suited for QSR and service‑oriented tenants
- Necessity‑based tenant mix anchored by Domino’s Pizza, plus multiple local retail and service operators
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
$287,600
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
6.85%
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%
$5,752,000
$5.8M
Cap Rate 7%
$4,108,571
$4.1M
Cap Rate 9%
$3,195,556
$3.2M
Market Conditions
NOI Build-Up for 25,806 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
$449.0K $17.40/SF
− Vacancy
−$38.2K −$1.48/SF
EGI
$410.9K $15.92/SF
− OpEx
−$123.3K −$4.78/SF
NOI
$287.6K $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 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%
$5,752,000
Cap Rate 7%
$4,108,571
Cap Rate 9%
$3,195,556
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.79M
NOI $287,600 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.70M
$5.86M – $7.81M
NOI $468,720 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Dollar General
Shops & Services
10,914 visits/mo
0.4 miles
Pizza Hut
Dining
2,363 visits/mo
0.4 miles
Watermill Express
Shops & Services
1,984 visits/mo
0.2 miles
Pronto Insurance
Shops & Services
324 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hopewell Mall Plaza — 4711 S Alamo Rd, Edinburg, TX 78542
Frequently Asked Questions
What type of property is this?
Shopping center - Income-producing retail center with 15 units and two end-cap spaces featuring drive-through capability.
Where is this shopping center located?
The property is located at 4623 S Alamo Road Edinburg Edinburg, TX.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Multi‑tenant retail strip mall at 4623 Alamo Rd, Edinburg, TX, with 15 units totaling 25,806 SF; Two end‑cap spaces with drive‑through capability, suited for QSR and service‑oriented tenants; Necessity‑based tenant mix anchored by Domino’s Pizza, plus multiple local retail and service operators
