Renovated Office
216 W Cano Street #B, Edinburg, TX 78539
For Sale
Contact for pricing
Six private offices and a conference area support a range of professional work settings.
Property Size1,858 SF
Price / SF$1.65
Days on Market16
Property Features for 216 W Cano Street #B
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Amenities
conference area
kitchen/breakroom
Building Details
Year Built
Listing Agency:
Century 21 Johnston Company
(956) 425-3333
Listed By:
Dorie Garza
(956) 202-7533
Source:
Texusrealty
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 12 at 10:35AM
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 Century 21 Johnston Company
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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.
The 1,858-square-foot office suite was built in 1984 and has since been renovated. Its layout includes six private offices, a conference area, lobby, reception area, kitchen or breakroom, and two restrooms, providing a mix of private and shared workspace.
At 216 W Cano Street in Edinburg, the property is one block from the Hidalgo County Courthouse. The University of Texas Rio Grande Valley, Edinburg CISD Administrative offices, and City and County Administrative offices are also identified nearby.
At 216 W Cano Street in Edinburg, the property is one block from the Hidalgo County Courthouse. The University of Texas Rio Grande Valley, Edinburg CISD Administrative offices, and City and County Administrative offices are also identified nearby.
Key Highlights
- 1,858‑square‑foot office suite
- Six private offices and a conference area
- Lobby, reception area, kitchen or breakroom, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,605
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,100
$532.1K
Cap Rate 7%
$380,071
$380.1K
Cap Rate 9%
$295,611
$295.6K
Market Conditions
NOI Build-Up for 1,858 SF
Gross rent
$41.2K $22.20/SF
− Vacancy
−$5.8K −$3.11/SF
EGI
$35.5K $19.09/SF
− OpEx
−$8.9K −$4.77/SF
NOI
$26.6K $14.32/SF
Area
Edinburg, TX
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,100
Cap Rate 7%
$380,071
Cap Rate 9%
$295,611
Alternative Uses
Best Use
Office B
$380.1K
$332.6K – $443.4K
NOI $26,605 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.1K
$421.8K – $562.5K
NOI $33,747 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
$198,300
Median Home Value
Market
Average Price Trend$/SF for Office Units in Edinburg, TX
Properties on Market for Office Units in Edinburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Six private offices and a conference area support a range of professional work settings.
Where is this office unit located?
The property is located at 216 W Cano Street #B Edinburg, TX.
What are key features of this property?
This property features: 1,858‑square‑foot office suite; Six private offices and a conference area; Lobby, reception area, kitchen or breakroom, and two restrooms
