Mixed-Use Property with
New
For Sale
Contact for pricing
221 E University Drive Unit 115, Edinburg, TX 78539
The proposed layout pairs storefront space at street level with office suites above.
Property Size524 SF
Price / SF$2.50
Days on Market2
Property Features for 221 E University Drive Unit 115
General Information
Standard status
Active
Size
524 SF
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:16PM
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.
Located at 221 E University Drive Unit 115 in Downtown Edinburg, this mixed-use property is identified as built in 1992. Its planned configuration includes street-facing retail space alongside office suites.
Government offices, restaurants, entertainment venues, and local businesses are among the surrounding downtown uses.
Government offices, restaurants, entertainment venues, and local businesses are among the surrounding downtown uses.
Key Highlights
- Downtown Edinburg address: 221 E University Drive Unit 115
- Year built: 1992
- Planned mix of street‑level retail space and office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,840
Suggested Prices Based on Cap Rates
Cap Rate 5%
$116,800
$116.8K
Cap Rate 7%
$83,429
$83.4K
Cap Rate 9%
$64,889
$64.9K
Market Conditions
NOI Build-Up for 524 SF
Gross rent
$9.1K $17.40/SF
− Vacancy
−$775 −$1.48/SF
EGI
$8.3K $15.92/SF
− OpEx
−$2.5K −$4.78/SF
NOI
$5.8K $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%
$116,800
Cap Rate 7%
$83,429
Cap Rate 9%
$64,889
Alternative Uses
Best Use
Mixed Use
$84.3K
$73.8K – $98.4K
NOI $5,901 @ 7.0% cap · market cap 450.46%
Second Best
Retail
$83.4K
$73.0K – $97.3K
NOI $5,840 @ 7.0% cap · market cap 445.80%
Theoretical Best
Office A
$136.0K
$119.0K – $158.6K
NOI $9,518 @ 7.0% cap · market cap 726.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
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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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The proposed layout pairs storefront space at street level with office suites above.
Where is this mixed-use property located?
The property is located at 221 E University Drive Unit 115 Edinburg, TX.
What are key features of this property?
This property features: Downtown Edinburg address: 221 E University Drive Unit 115; Year built: 1992; Planned mix of street‑level retail space and office suites
