Two-Story Office
New
For Sale
$1,450,000
200 E Cano St, Edinburg, TX 78539
Leased through January 2029, with two additional city lots one block away for parking.
Property Size7,100 SF
Price / SF$204.23
Days on Market3
Property Features for 200 E Cano St
General Information
Standard status
Active
Size
7,100 SF
Building Details
Year Built
1993
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Michael Karam
(956) 451-0100
Source:
Aregtx
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 12:03AM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This restored, two-story office building at 200 E Cano St in Edinburg offers 7,100 square feet across two levels. The property was originally a JC Penney store. Its interior includes a high-ceiling lobby, glass-block windows, decorative tile flooring, a custom reception area, a built-in law library with full-height shelving, and multiple offices. The second floor has carpet tile, private offices, color accents, and a kitchenette. Storefront windows bring natural light into the space.
The property sits next to the Hidalgo County Courthouse, near professional offices and restaurants. The sale includes two city lots one block away that can be used for parking. The building and lots are leased through January 2029.
The property sits next to the Hidalgo County Courthouse, near professional offices and restaurants. The sale includes two city lots one block away that can be used for parking. The building and lots are leased through January 2029.
Key Highlights
- 7,100‑square‑foot office building with two stories
- Restored interior includes a lobby, custom reception area, and built‑in law library
- Multiple offices on both floors; second floor includes a kitchenette
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
$101,665
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
7.01%
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%
$2,033,300
$2.0M
Cap Rate 7%
$1,452,357
$1.5M
Cap Rate 9%
$1,129,611
$1.1M
Market Conditions
NOI Build-Up for 7,100 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
$157.6K $22.20/SF
− Vacancy
−$22.1K −$3.11/SF
EGI
$135.6K $19.09/SF
− OpEx
−$33.9K −$4.77/SF
NOI
$101.7K $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%
$2,033,300
Cap Rate 7%
$1,452,357
Cap Rate 9%
$1,129,611
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,665 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,959 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Office building - Leased through January 2029, with two additional city lots one block away for parking.
Where is this office building located?
The property is located at 200 E Cano St Edinburg, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 7,100‑square‑foot office building with two stories; Restored interior includes a lobby, custom reception area, and built‑in law library; Multiple offices on both floors; second floor includes a kitchenette
