Building Details

Building Size 7,000 SF

Year Built 2004

Stories 1

Tenancy Multi

Listing Agency: Key Realty v***@gmail.com Show Phone

Listed By: Stephanie Ramirez Show Phone

Source: Justrealty

Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 3:16PM

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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 Key Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 7,000-square-foot mixed-use property in Edinburg was built in 2004 and is zoned CO. One unit is operating as a restaurant and includes restaurant equipment. The other spaces have flexible configurations that can accommodate professional or retail uses.

The property is minutes from the Hidalgo County Courthouse, the University of Texas Rio Grande Valley, and business centers in the area.

Key Highlights

• 7,000 square feet of mixed‑use space
• Operating restaurant unit with equipment
• Remaining spaces have flexible configurations for professional or retail uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,326

Cap Rate

6.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,806,520 $1.8M

Cap Rate 7%

$1,290,371 $1.3M

Cap Rate 9%

$1,003,622 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$130.2K $18.60/SF

− Vacancy

−$9.8K −$1.40/SF

EGI

$120.4K $17.21/SF

− OpEx

−$30.1K −$4.30/SF

NOI

$90.3K $12.90/SF

Area

Edinburg, TX

Vacancy

7.50%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,806,520

Cap Rate 7%

$1,290,371

Cap Rate 9%

$1,003,622

Alternative Uses

Best Use

Specialty Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,326 @ 7.0% cap · market cap 6.45%

Second Best

Mixed Use

$1.13M

$985.4K – $1.31M (±1% cap)

NOI $78,829 @ 7.0% cap · market cap 5.63%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,142 @ 7.0% cap · market cap 9.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service HVAC Service Locksmith Pet Grooming Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,241

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - An operating restaurant occupies one unit, while other spaces offer flexible layouts for professional or retail use.

Where is this mixed-use property located?

The property is located at 214 W Champion Street W Edinburg, TX.

What is the asking price?

The asking price for this property is $1,399,999.

What are key features of this property?

This property features: 7,000 square feet of mixed‑use space; Operating restaurant unit with equipment; Remaining spaces have flexible configurations for professional or retail uses