Medical Office
New
For Sale
Contact for pricing
2604 E Richardson Road, Edinburg, TX 78542
Part of a mixed-use medical and professional plaza with healthcare, pharmacy, and engineering tenants.
Property Size2,520 SF
Price / SF$1.68
Days on Market1
Property Features for 2604 E Richardson Road
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Commercial
Additional Details
Property Use
Medical Office
Building Details
Year Built
2010
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:44AM
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.
The medical office space is within a mixed-use plaza serving medical and professional users. The property was built in 2010 and includes an optometry clinic, women’s hospital, general medical clinic, engineering office, and pharmacy among its tenant mix.
Located at 2604 E Richardson Road in Edinburg, Texas.
Located at 2604 E Richardson Road in Edinburg, Texas.
Key Highlights
- Mixed‑use medical and professional plaza
- Tenant mix includes an optometry clinic, women’s hospital, general medical clinic, engineering office, and pharmacy
- Building constructed in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,843
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,860
$636.9K
Cap Rate 7%
$454,900
$454.9K
Cap Rate 9%
$353,811
$353.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$59.0K $23.40/SF
− Vacancy
−$5.9K −$2.34/SF
EGI
$53.1K $21.06/SF
− OpEx
−$21.2K −$8.42/SF
NOI
$31.8K $12.64/SF
Area
Edinburg, TX
Vacancy
10.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,860
Cap Rate 7%
$454,900
Cap Rate 9%
$353,811
Alternative Uses
Best Use
Office B
$515.5K
$451.1K – $601.4K
NOI $36,084 @ 7.0% cap · market cap 854.06%
Second Best
Healthcare Medical
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 753.68%
Theoretical Best
Office A
$653.9K
$572.1K – $762.9K
NOI $45,771 @ 7.0% cap · market cap 1,083.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Part of a mixed-use medical and professional plaza with healthcare, pharmacy, and engineering tenants.
Where is this medical office space located?
The property is located at 2604 E Richardson Road Edinburg, TX.
What are key features of this property?
This property features: Mixed‑use medical and professional plaza; Tenant mix includes an optometry clinic, women’s hospital, general medical clinic, engineering office, and pharmacy; Building constructed in 2010
