Tenant-Occupied Storefront
For Sale
$222,500
1308 S Tower Rd, Edinburg, TX 78542
Tenant occupancy supports an established commercial use at this Tower Road property.
Property Size1,104 SF
Lot Size0.50 Acres
Price / SF$201.54
Days on Market57
Property Features for 1308 S Tower Rd
General Information
Standard status
Active
Size
1,104 SF
Lot size
0.50 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
TNT Real Estate
Listed By:
Homero Olivares
(956) 563-3702
Source:
Aregtx
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 7 at 4:36PM
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 TNT Real Estate
Investment Insights
Based on property information with market context.
This tenant-occupied storefront property includes approximately 1,104 SF of building area on approximately 0.5 acres. Constructed in 2006, the property offers a compact commercial footprint with frontage along Tower Road.
The site is near Highway 107 in Edinburg, providing a location with roadway exposure and convenient access. Showings are available by appointment only.
The site is near Highway 107 in Edinburg, providing a location with roadway exposure and convenient access. Showings are available by appointment only.
Key Highlights
- Tenant‑occupied storefront property
- Approximately 1,104 SF of building space
- Approximately 0.5 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,246
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,920
$284.9K
Cap Rate 7%
$203,514
$203.5K
Cap Rate 9%
$158,289
$158.3K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$20.5K $18.60/SF
− Vacancy
−$1.5K −$1.40/SF
EGI
$19.0K $17.21/SF
− OpEx
−$4.7K −$4.30/SF
NOI
$14.2K $12.90/SF
Area
Edinburg, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,920
Cap Rate 7%
$203,514
Cap Rate 9%
$158,289
Alternative Uses
Best Use
Specialty Retail
$203.5K
$178.1K – $237.4K
NOI $14,246 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$175.8K
$153.8K – $205.1K
NOI $12,304 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$286.5K
$250.7K – $334.2K
NOI $20,052 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Tenant occupancy supports an established commercial use at this Tower Road property.
Where is this storefront property located?
The property is located at 1308 S Tower Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $222,500.
What are key features of this property?
This property features: Tenant‑occupied storefront property; Approximately 1,104 SF of building space; Approximately 0.5 acres
