Corner Lot 10-Unit Retail
2101 - 2011 W Sprague Street Edinburg, TX 78539
2101 - 2011 W Sprague Street, Edinburg, TX, 78539
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For Sale
Contact for pricing
Multi-tenant commercial plaza on a corner lot with ample parking and flexible unit configurations.
Property Size8,482 SF
Price / SF$147.37
Days on Market90
Property Features for 2101 - 2011 W Sprague Street
General Information
- Standard status
- Active
- Size
- 8,482 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2000
Listing agency
Encore Fine Properties
Listed by
Javier Garza Jr.
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 1:45AM Checked: Jul 21 at 1:45AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This corner-lot commercial plaza offers 10 units within a multi-tenant retail setting, designed for flexible use across its available storefront and office-type spaces. The property includes ample parking and features large, diverse unit configurations. In addition, there is a detached Raspa stand that provides an extra income-generating component.
The plaza is positioned for visibility and access at the intersection of Jackson Road and Sprague, supporting consistent exposure. It is located in the heart of Edinburg, surrounded by residential growth and ongoing commercial development.
As an income-producing asset, the property is presented with financial performance noted in the materials and is offered for sale as a stabilized investment opportunity.
The plaza is positioned for visibility and access at the intersection of Jackson Road and Sprague, supporting consistent exposure. It is located in the heart of Edinburg, surrounded by residential growth and ongoing commercial development.
As an income-producing asset, the property is presented with financial performance noted in the materials and is offered for sale as a stabilized investment opportunity.
Key Highlights
- 10‑unit multi‑tenant commercial plaza built in 2000 in Edinburg, TX
- Corner lot location at the intersection of Jackson Road and Sprague with high‑traffic access
- Ample on‑site parking plus flexible unit configurations
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $17.40 |
| − Vacancy | −$12.5k | −$1.48 |
| EGI | $135.0k | $15.92 |
| − OpEx | −$40.5k | −$4.78 |
| NOI | $94.5k | $11.14 |
8,482 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.02M
NOI $121,454 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$1.35M
$1.18M – $1.58M
NOI $94,529 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,060 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Multi-tenant commercial plaza on a corner lot with ample parking and flexible unit configurations.
Where is this shopping center located?
The property is located at 2101 - 2011 W Sprague Street Edinburg, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10‑unit multi‑tenant commercial plaza built in 2000 in Edinburg, TX; Corner lot location at the intersection of Jackson Road and Sprague with high‑traffic access; Ample on‑site parking plus flexible unit configurations
