University Corners Shopping
New
For Sale
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1706 W University Drive, Edinburg, TX 78539
The plaza sits on a Walmart outparcel near the University of Texas–Rio Grande Valley.
Property Size1,340 SF
Price / SF$3.49
Days on Market2
Property Features for 1706 W University Drive
General Information
Standard status
Active
Size
1,340 SF
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:48AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
University Corners is a shopping center at 1706 W University Drive in Edinburg, Texas. Built in 1997, the plaza occupies a Walmart outparcel.
The property is near the University of Texas–Rio Grande Valley and the Hidalgo County Courthouse, identified as one of Edinburg’s largest employers.
The property is near the University of Texas–Rio Grande Valley and the Hidalgo County Courthouse, identified as one of Edinburg’s largest employers.
Key Highlights
- Shopping center built in 1997
- Located on a Walmart outparcel
- Near the University of Texas–Rio Grande Valley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,680
$298.7K
Cap Rate 7%
$213,343
$213.3K
Cap Rate 9%
$165,933
$165.9K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$23.3K $17.40/SF
− Vacancy
−$2.0K −$1.48/SF
EGI
$21.3K $15.92/SF
− OpEx
−$6.4K −$4.78/SF
NOI
$14.9K $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%
$298,680
Cap Rate 7%
$213,343
Cap Rate 9%
$165,933
Alternative Uses
Best Use
Retail
$213.3K
$186.7K – $248.9K
NOI $14,934 @ 7.0% cap · market cap 319.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.7K
$304.2K – $405.7K
NOI $24,339 @ 7.0% cap · market cap 521.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
847
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Jackson Plaza — 2405 W University Dr, Edinburg, TX 78539
Frequently Asked Questions
What type of property is this?
Shopping center - The plaza sits on a Walmart outparcel near the University of Texas–Rio Grande Valley.
Where is this shopping center located?
The property is located at 1706 W University Drive Edinburg, TX.
What are key features of this property?
This property features: Shopping center built in 1997; Located on a Walmart outparcel; Near the University of Texas–Rio Grande Valley
