Former Fuel Station
For Sale
$444,999
3415 S Raul Longoria Road, Edinburg, TX 78542
Paved access, on-site parking, and proximity to the interstate support a range of commercial reuse considerations.
Property Size1,796 SF
Price / SF$247.77
Days on Market478
Property Features for 3415 S Raul Longoria Road
General Information
Standard status
Active
Size
1,796 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,242
Amenities
3
10 Parking Spaces. Paved Driveway.
City Road, Paved Road.
Building Details
Year Built
1976
Listing Agency:
Exp Realty Llc
(956) 900-5683
Listed By:
Oscar Canales
(956) 900-5683
Source:
Xome
Added: May 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:29PM
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 Exp Realty Llc
Investment Insights
Based on property information with market context.
This commercial property occupies approximately 0.30 acres at 3415 S Raul Longoria Road in Edinburg, Texas. The site historically operated as a fuel station and includes 10 parking spaces, a paved driveway, and access from a paved city road. The property was built in 1976.
The location is less than one mile from the interstate and other major thoroughfares. New construction and apartment development are underway across the street, while established businesses are located nearby. These surrounding conditions provide a defined commercial setting for evaluating the property’s next use.
The location is less than one mile from the interstate and other major thoroughfares. New construction and apartment development are underway across the street, while established businesses are located nearby. These surrounding conditions provide a defined commercial setting for evaluating the property’s next use.
Key Highlights
- Approximately 0.30‑acre commercial site
- Historically operated as a fuel station
- 10 parking spaces with paved driveway
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
$23,175
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
5.21%
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%
$463,500
$463.5K
Cap Rate 7%
$331,071
$331.1K
Cap Rate 9%
$257,500
$257.5K
Market Conditions
NOI Build-Up for 1,796 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
$33.4K $18.60/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$30.9K $17.21/SF
− OpEx
−$7.7K −$4.30/SF
NOI
$23.2K $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 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%
$463,500
Cap Rate 7%
$331,071
Cap Rate 9%
$257,500
Alternative Uses
Best Use
Specialty Retail
$331.1K
$289.7K – $386.3K
NOI $23,175 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$466.0K
$407.8K – $543.7K
NOI $32,621 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Paved access, on-site parking, and proximity to the interstate support a range of commercial reuse considerations.
Where is this gas station located?
The property is located at 3415 S Raul Longoria Road Edinburg, TX.
What is the asking price?
The asking price for this property is $444,999.
What are key features of this property?
This property features: Approximately 0.30‑acre commercial site; Historically operated as a fuel station; 10 parking spaces with paved driveway
