Medical Office
New
For Sale
$2,359,500
2601 Cornerstone Boulevard, Edinburg, TX 78539
Established medical facility within Cornerstone Medical Park, near hospitals, retail, and restaurants.
Property Size15,953 SF
Price / SF$147.90
Days on Market2
Property Features for 2601 Cornerstone Boulevard
General Information
Standard status
Active
Size
15,953 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$57,635
Building Details
Building Size
15,953 SF
Year Built
2001
Buildings
1
Listing Agency:
Elevate Real Estate
Listed By:
Daniela Saenz
Source:
Primeluxuryrealestate
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 3:29AM
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 Elevate Real Estate
Investment Insights
Based on property information with market context.
This 15,953-square-foot medical office building was constructed in 2001 and is positioned within Cornerstone Medical Park. The property is configured for professional healthcare use and offers a substantial footprint for medical providers, specialists, or practice operations. The building is being offered in its existing condition, with buyers responsible for verifying property details and conducting their own due diligence.
Located at 2601 Cornerstone Boulevard in Edinburg, the property is near major hospitals, retail, and restaurants. Its setting within a medical-focused park provides a recognizable professional environment for healthcare operations, while the surrounding amenities support convenient access for occupants and visitors.
Located at 2601 Cornerstone Boulevard in Edinburg, the property is near major hospitals, retail, and restaurants. Its setting within a medical-focused park provides a recognizable professional environment for healthcare operations, while the surrounding amenities support convenient access for occupants and visitors.
Key Highlights
- 15,953‑square‑foot medical office building
- Located within Cornerstone Medical Park
- Constructed in 2001
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $373.3k | $23.40 |
| − Vacancy | −$37.3k | −$2.34 |
| EGI | $336.0k | $21.06 |
| − OpEx | −$134.4k | −$8.42 |
| NOI | $201.6k | $12.64 |
15,953 SF · lease $23.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$3.26M
$2.86M – $3.81M
NOI $228,431 @ 7.0% cap · market cap 9.68%
Second Best
Healthcare Medical
$2.88M
$2.52M – $3.36M
NOI $201,582 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,758 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical facility within Cornerstone Medical Park, near hospitals, retail, and restaurants.
Where is this medical office space located?
The property is located at 2601 Cornerstone Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $2,359,500.
What are key features of this property?
This property features: 15,953‑square‑foot medical office building; Located within Cornerstone Medical Park; Constructed in 2001
