Two-Suite Medical Office
New
For Sale
Contact for pricing
1523 S 10th Avenue, Edinburg, TX 78539
General Commercial zoning and a pair of configurable suites support a range of professional office uses.
Property Size2,313 SF
Price / SF$1.30
Days on Market2
Property Features for 1523 S 10th Avenue
General Information
Standard status
Active
Size
2,313 SF
Property subtype
Commercial
Zoning
General Commercial
Additional Details
Office Units
2
Building Details
Year Built
2019
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:33PM
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 SANETI REALTY GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,313-square-foot medical office property, built in 2019, is divided into two suites. Suite A contains four offices, a kitchen, and two full bathrooms. Suite B has two offices, a kitchen, two full bathrooms, and a conference or bonus room with a fireplace. The property is zoned General Commercial.
Frontage along W. Freddy Gonzalez Drive places the building in an established commercial corridor near medical and dental offices, restaurants, and retail. The site also offers convenient access.
Frontage along W. Freddy Gonzalez Drive places the building in an established commercial corridor near medical and dental offices, restaurants, and retail. The site also offers convenient access.
Key Highlights
- 2,313 square feet; built in 2019
- Two suites with separate office and kitchen layouts
- Suite A: 4 offices, 1 kitchen, and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,227
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,540
$584.5K
Cap Rate 7%
$417,529
$417.5K
Cap Rate 9%
$324,744
$324.7K
Market Conditions
NOI Build-Up for 2,313 SF
Gross rent
$54.1K $23.40/SF
− Vacancy
−$5.4K −$2.34/SF
EGI
$48.7K $21.06/SF
− OpEx
−$19.5K −$8.42/SF
NOI
$29.2K $12.64/SF
Area
Edinburg, TX
Vacancy
10.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,540
Cap Rate 7%
$417,529
Cap Rate 9%
$324,744
Alternative Uses
Best Use
Office B
$473.1K
$414.0K – $552.0K
NOI $33,120 @ 7.0% cap · market cap 1,104.00%
Second Best
Healthcare Medical
$417.5K
$365.3K – $487.1K
NOI $29,227 @ 7.0% cap · market cap 974.23%
Theoretical Best
Office A
$600.2K
$525.1K – $700.2K
NOI $42,011 @ 7.0% cap · market cap 1,400.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - General Commercial zoning and a pair of configurable suites support a range of professional office uses.
Where is this medical office space located?
The property is located at 1523 S 10th Avenue Edinburg, TX.
What are key features of this property?
This property features: 2,313 square feet; built in 2019; Two suites with separate office and kitchen layouts; Suite A: 4 offices, 1 kitchen, and 2 full bathrooms
