Multi-Suite Shopping
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410 E University Drive Unit 2, Edinburg, TX 78539
Renovated suites include restrooms and are delivered in vanilla box condition.
Property Size2,095 SF
Price / SF$2.07
Days on Market2
Property Features for 410 E University Drive Unit 2
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:52PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Edelstein Plaza is a shopping center with five suites available, each delivered in vanilla box condition with a restroom. The center was built in 1994 and has undergone renovation. Available spaces range from ±2,095 SF to ±4,275 SF within a ±14,000 SF property. Signage opportunities are provided on the renovated pylon sign.
The property is less than one-quarter mile from the new Hidalgo County Courthouse, amid retail and restaurant uses, with access to the expressway.
The property is less than one-quarter mile from the new Hidalgo County Courthouse, amid retail and restaurant uses, with access to the expressway.
Key Highlights
- Five suites available, ranging from ±2,095 SF to ±4,275 SF
- ±14,000 SF shopping center built in 1994
- Suites delivered in vanilla box condition with restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,348
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,960
$467.0K
Cap Rate 7%
$333,543
$333.5K
Cap Rate 9%
$259,422
$259.4K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$3.1K −$1.48/SF
EGI
$33.4K $15.92/SF
− OpEx
−$10.0K −$4.78/SF
NOI
$23.3K $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%
$466,960
Cap Rate 7%
$333,543
Cap Rate 9%
$259,422
Alternative Uses
Best Use
Retail
$333.5K
$291.9K – $389.1K
NOI $23,348 @ 7.0% cap · market cap 538.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.6K
$475.7K – $634.2K
NOI $38,052 @ 7.0% cap · market cap 877.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,237
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 Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Renovated suites include restrooms and are delivered in vanilla box condition.
Where is this shopping center located?
The property is located at 410 E University Drive Unit 2 Edinburg, TX.
What are key features of this property?
This property features: Five suites available, ranging from ±2,095 SF to ±4,275 SF; ±14,000 SF shopping center built in 1994; Suites delivered in vanilla box condition with restrooms
