Office and Retail Mixed-Use
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For Sale
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221 E University Drive Unit 221, Edinburg, TX 78539
The mixed-use concept includes office suites above street-level retail space.
Property Size727 SF
Price / SF$2.50
Days on Market2
Property Features for 221 E University Drive Unit 221
General Information
Standard status
Active
Size
727 SF
Property subtype
Commercial
Additional Details
Property Use
Mixed-Use
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 3:54PM
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 in Downtown Edinburg, this mixed-use property is identified as a 1992-built asset. Its described concept combines office suites with retail space at street level.
The property is surrounded by government offices, local businesses, restaurants, and entertainment. Major thoroughfares are also described as conveniently accessible.
The property is surrounded by government offices, local businesses, restaurants, and entertainment. Major thoroughfares are also described as conveniently accessible.
Key Highlights
- Mixed‑use concept includes office suites and street‑level retail
- 221 E University Drive, Unit 221, Edinburg, TX 78539
- Year built: 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,102
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,040
$162.0K
Cap Rate 7%
$115,743
$115.7K
Cap Rate 9%
$90,022
$90.0K
Market Conditions
NOI Build-Up for 727 SF
Gross rent
$12.6K $17.40/SF
− Vacancy
−$1.1K −$1.48/SF
EGI
$11.6K $15.92/SF
− OpEx
−$3.5K −$4.78/SF
NOI
$8.1K $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%
$162,040
Cap Rate 7%
$115,743
Cap Rate 9%
$90,022
Alternative Uses
Best Use
Mixed Use
$117.0K
$102.3K – $136.5K
NOI $8,187 @ 7.0% cap · market cap 450.33%
Second Best
Retail
$115.7K
$101.3K – $135.0K
NOI $8,102 @ 7.0% cap · market cap 445.65%
Theoretical Best
Office A
$188.6K
$165.1K – $220.1K
NOI $13,205 @ 7.0% cap · market cap 726.35%
Zoning and permitted uses should be independently verified with authorities.
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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 mixed-use concept includes office suites above street-level retail space.
Where is this mixed-use property located?
The property is located at 221 E University Drive Unit 221 Edinburg, TX.
What are key features of this property?
This property features: Mixed‑use concept includes office suites and street‑level retail; 221 E University Drive, Unit 221, Edinburg, TX 78539; Year built: 1992
