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2708 Los Lagos Drive, Edinburg, TX 78542
The retail development offers space for a mix of tenants along a corridor connecting three neighboring cities.
Property Size15,936 SF
Price / SF$0.16
Days on Market2
Property Features for 2708 Los Lagos Drive
General Information
Standard status
Active
Size
15,936 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Oct 31 at 11:32PM
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.
Completed in 2024, this shopping center contains 15,936 square feet and is planned for a mix of tenants. It is located at 2708 Los Lagos Drive in Edinburg, Texas.
The site lies along a corridor linking Edinburg, Pharr, and San Juan. Nearby destinations include Bert Ogden Arena, HEB Park, Edinburg Municipal Park, and Los Lagos Gold Course. National retailers are located along Hwy 281/69C, and a multifamily development is under construction nearby.
The site lies along a corridor linking Edinburg, Pharr, and San Juan. Nearby destinations include Bert Ogden Arena, HEB Park, Edinburg Municipal Park, and Los Lagos Gold Course. National retailers are located along Hwy 281/69C, and a multifamily development is under construction nearby.
Key Highlights
- 15,936‑square‑foot shopping center
- Built in 2024
- Located on a corridor connecting Edinburg, Pharr, and San Juan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,602
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,552,040
$3.6M
Cap Rate 7%
$2,537,171
$2.5M
Cap Rate 9%
$1,973,356
$2.0M
Market Conditions
NOI Build-Up for 15,936 SF
Gross rent
$277.3K $17.40/SF
− Vacancy
−$23.6K −$1.48/SF
EGI
$253.7K $15.92/SF
− OpEx
−$76.1K −$4.78/SF
NOI
$177.6K $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%
$3,552,040
Cap Rate 7%
$2,537,171
Cap Rate 9%
$1,973,356
Alternative Uses
Best Use
Retail
$2.54M
$2.22M – $2.96M
NOI $177,602 @ 7.0% cap · market cap 7,187.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,449 @ 7.0% cap · market cap 11,713.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - The retail development offers space for a mix of tenants along a corridor connecting three neighboring cities.
Where is this shopping center located?
The property is located at 2708 Los Lagos Drive Edinburg, TX.
What are key features of this property?
This property features: 15,936‑square‑foot shopping center; Built in 2024; Located on a corridor connecting Edinburg, Pharr, and San Juan
