Freestanding Retail
New
For Sale
Contact for pricing
1939 W Owassa Road, Edinburg, TX 78539
The building supports retail, office, and other professional uses.
Property Size4,330 SF
Price / SF$1.55
Days on Market1
Property Features for 1939 W Owassa Road
General Information
Standard status
Active
Size
4,330 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:46AM
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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Investment Insights
Based on property information with market context.
Built in 1978, this freestanding retail property contains 4,330 square feet. The space is suited to retail, office, law office, or other professional occupancy. It is near DHR Hospital and Expressway 281.
Key Highlights
- 4,330‑square‑foot freestanding building
- Built in 1978
- Potential uses include retail, office, law office, and other professional occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,140
$965.1K
Cap Rate 7%
$689,386
$689.4K
Cap Rate 9%
$536,189
$536.2K
Market Conditions
NOI Build-Up for 4,330 SF
Gross rent
$75.3K $17.40/SF
− Vacancy
−$6.4K −$1.48/SF
EGI
$68.9K $15.92/SF
− OpEx
−$20.7K −$4.78/SF
NOI
$48.3K $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%
$965,140
Cap Rate 7%
$689,386
Cap Rate 9%
$536,189
Alternative Uses
Best Use
Retail
$689.4K
$603.2K – $804.3K
NOI $48,257 @ 7.0% cap · market cap 719.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$983.1K – $1.31M
NOI $78,647 @ 7.0% cap · market cap 1,171.91%
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
578
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The building supports retail, office, and other professional uses.
Where is this retail space located?
The property is located at 1939 W Owassa Road Edinburg, TX.
What are key features of this property?
This property features: 4,330‑square‑foot freestanding building; Built in 1978; Potential uses include retail, office, law office, and other professional occupancy
