Corner Lot Retail
For Sale
$185,000
3514 Ingle Rd, Edinburg, TX 78542
Retail store on a corner lot with exterior restrooms and septic tanks.
Property Size1,309 SF
Price / SF$141.33
Days on Market183
Property Features for 3514 Ingle Rd
General Information
Standard status
Active
Size
1,309 SF
Building Details
Year Built
2013
Listing Agency:
Kebes Real Estate LLC
Listed By:
Carla Borrego
(956) 354-4284
Source:
Aregtx
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 7 at 5:32PM
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 Kebes Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront is currently operating as a retail store and sits on a corner lot. The property includes exterior restrooms and septic tanks outside the building.
The site is located across the street from a community park.
The property is presented for sale.
The site is located across the street from a community park.
The property is presented for sale.
Key Highlights
- Retail store currently used as a retail location
- Corner lot on a little over half an acre
- Year built 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,588
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,760
$291.8K
Cap Rate 7%
$208,400
$208.4K
Cap Rate 9%
$162,089
$162.1K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$22.8K $17.40/SF
− Vacancy
−$1.9K −$1.48/SF
EGI
$20.8K $15.92/SF
− OpEx
−$6.3K −$4.78/SF
NOI
$14.6K $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%
$291,760
Cap Rate 7%
$208,400
Cap Rate 9%
$162,089
Alternative Uses
Best Use
Retail
$208.4K
$182.4K – $243.1K
NOI $14,588 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.7K
$297.2K – $396.3K
NOI $23,776 @ 7.0% cap · market cap 12.85%
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
65
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Yatziry’s Flower Shop — 4316 E Farm to Market 2812, Edinburg, TX 78542
Frequently Asked Questions
What type of property is this?
Storefront property - Retail store on a corner lot with exterior restrooms and septic tanks.
Where is this storefront property located?
The property is located at 3514 Ingle Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Retail store currently used as a retail location; Corner lot on a little over half an acre; Year built 2013
