Commercial Land with Existing
For Sale
$625,000
Pending
1703 E University Drive E, Edinburg, TX 78542
A C-zoned parcel at the US 69 and Hwy 107 junction includes an existing building occupied by short-term tenants.
Property Size4,075 SF
Days on Market16
Property Features for 1703 E University Drive E
General Information
Standard status
Pending
Size
4,075 SF
Zoning
C
Taxes and HOA fees
Annual Taxes
$5,162
Amenities
Tile
true
4075
HidalgoCAD
16832.0196
15
105.2 x 160
0.3864
Blacktop
City Street
false
Building Details
Building Size
4,075 SF
Year Built
1975
Stories
1
Listing Agency:
Riverview Real Estate Co.
(956) 539-7317
Listed By:
Sergio Guerra
Source:
Cncrealtyrgv
Added: Oct 16
Changed: Oct 31
Last Checked: Oct 31 at 2:01AM
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 Riverview Real Estate Co.
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Investment Insights
Based on property information with market context.
This 0.3864-acre commercial parcel includes a 4,075-square-foot building constructed in 1975. The existing structure may be retained or remodeled, and short-term tenants currently occupy the property. The sale is offered in as-is condition.
The site is next to the northeast corner of US 69 and Hwy 107, between McDonald’s and Whataburger. Zoning is C. Any proposed plans require review and approval by the appropriate authorities.
The site is next to the northeast corner of US 69 and Hwy 107, between McDonald’s and Whataburger. Zoning is C. Any proposed plans require review and approval by the appropriate authorities.
Key Highlights
- 0.3864‑acre commercial parcel
- Existing 4,075‑square‑foot building, built in 1975
- 105.2 x 160 lot dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,415
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,300
$908.3K
Cap Rate 7%
$648,786
$648.8K
Cap Rate 9%
$504,611
$504.6K
Market Conditions
NOI Build-Up for 4,075 SF
Gross rent
$70.9K $17.40/SF
− Vacancy
−$6.0K −$1.48/SF
EGI
$64.9K $15.92/SF
− OpEx
−$19.5K −$4.78/SF
NOI
$45.4K $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 Rate 5%
$908,300
Cap Rate 7%
$648,786
Cap Rate 9%
$504,611
Alternative Uses
Best Use
Retail
$648.8K
$567.7K – $756.9K
NOI $45,415 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,015 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
470
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A C-zoned parcel at the US 69 and Hwy 107 junction includes an existing building occupied by short-term tenants.
Where is this commercial land located?
The property is located at 1703 E University Drive E Edinburg, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 0.3864‑acre commercial parcel; Existing 4,075‑square‑foot building, built in 1975; 105.2 x 160 lot dimensions
