Mixed-Use
New
For Sale
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221 E University Drive Unit 119, Edinburg, TX 78539
Located in downtown Edinburg among government offices, restaurants, and local businesses.
Property Size1,210 SF
Price / SF$2.50
Days on Market2
Property Features for 221 E University Drive Unit 119
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
office, retail
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 2:55PM
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 mixed-use property at 221 E University Drive, Unit 119, in Edinburg, Texas, was built in 1992. The address places it in the downtown area, with government offices, local businesses, restaurants, and entertainment venues in the surrounding district.
Key Highlights
- 221 E University Drive, Unit 119, Edinburg, Texas
- Built in 1992
- Downtown setting near government offices, local businesses, restaurants, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,485
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,700
$269.7K
Cap Rate 7%
$192,643
$192.6K
Cap Rate 9%
$149,833
$149.8K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$21.1K $17.40/SF
− Vacancy
−$1.8K −$1.48/SF
EGI
$19.3K $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%
$269,700
Cap Rate 7%
$192,643
Cap Rate 9%
$149,833
Alternative Uses
Best Use
Mixed Use
$194.7K
$170.3K – $227.1K
NOI $13,626 @ 7.0% cap · market cap 450.45%
Second Best
Retail
$192.6K
$168.6K – $224.8K
NOI $13,485 @ 7.0% cap · market cap 445.79%
Theoretical Best
Office A
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 726.51%
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 - Located in downtown Edinburg among government offices, restaurants, and local businesses.
Where is this mixed-use property located?
The property is located at 221 E University Drive Unit 119 Edinburg, TX.
What are key features of this property?
This property features: 221 E University Drive, Unit 119, Edinburg, Texas; Built in 1992; Downtown setting near government offices, local businesses, restaurants, and entertainment
