Mixed-Use Property with
New
For Sale
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221 E University Drive Unit 117, Edinburg, TX 78539
Plans call for office suites alongside storefront space at street level.
Property Size1,208 SF
Price / SF$2.50
Days on Market2
Property Features for 221 E University Drive Unit 117
General Information
Standard status
Active
Size
1,208 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 3:46PM
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.
This 1,208-square-foot mixed-use property at 221 E University Drive, Unit 117, in Downtown Edinburg is planned with office suites and retail space at street level.
The surrounding downtown area includes government offices, businesses, restaurants, and entertainment, with access to major thoroughfares.
The surrounding downtown area includes government offices, businesses, restaurants, and entertainment, with access to major thoroughfares.
Key Highlights
- 1,208‑square‑foot mixed‑use property
- Planned office suites and street‑level retail
- Downtown Edinburg setting near government offices, businesses, restaurants, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,463
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,260
$269.3K
Cap Rate 7%
$192,329
$192.3K
Cap Rate 9%
$149,589
$149.6K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$21.0K $17.40/SF
− Vacancy
−$1.8K −$1.48/SF
EGI
$19.2K $15.92/SF
− OpEx
−$5.8K −$4.78/SF
NOI
$13.5K $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%
$269,260
Cap Rate 7%
$192,329
Cap Rate 9%
$149,589
Alternative Uses
Best Use
Mixed Use
$194.3K
$170.1K – $226.7K
NOI $13,604 @ 7.0% cap · market cap 450.46%
Second Best
Retail
$192.3K
$168.3K – $224.4K
NOI $13,463 @ 7.0% cap · market cap 445.79%
Theoretical Best
Office A
$313.4K
$274.3K – $365.7K
NOI $21,941 @ 7.0% cap · market cap 726.52%
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Plans call for office suites alongside storefront space at street level.
Where is this mixed-use property located?
The property is located at 221 E University Drive Unit 117 Edinburg, TX.
What are key features of this property?
This property features: 1,208‑square‑foot mixed‑use property; Planned office suites and street‑level retail; Downtown Edinburg setting near government offices, businesses, restaurants, and entertainment
