Renovated Retail
New
For Sale
Contact for pricing
410 E University Drive Unit 4, Edinburg, TX 78539
The suite is delivered in vanilla box condition with a restroom and access to pylon sign opportunities.
Property Size2,095 SF
Price / SF$2.07
Days on Market2
Property Features for 410 E University Drive Unit 4
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Commercial
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Building Details
Year Built
1994
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:04PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite is part of Edelstein Plaza, a renovated shopping center with five suites available. The center totals approximately 14,000 square feet, with available spaces ranging from approximately 2,095 to 4,275 square feet. Each suite is offered in vanilla box condition with a restroom.
The property is less than one-quarter mile from the Hidalgo County Courthouse and has convenient access to the expressway. Retail businesses and restaurants are among the surrounding uses. Signage opportunities are available on the renovated pylon sign.
The property is less than one-quarter mile from the Hidalgo County Courthouse and has convenient access to the expressway. Retail businesses and restaurants are among the surrounding uses. Signage opportunities are available on the renovated pylon sign.
Key Highlights
- Approximately 14,000 SF shopping center with five available suites
- Available suites range from approximately 2,095 SF to 4,275 SF
- Vanilla box condition with a restroom in each suite
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Retail space - The suite is delivered in vanilla box condition with a restroom and access to pylon sign opportunities.
Where is this retail space located?
The property is located at 410 E University Drive Unit 4 Edinburg, TX.
What are key features of this property?
This property features: Approximately 14,000 SF shopping center with five available suites; Available suites range from approximately 2,095 SF to 4,275 SF; Vanilla box condition with a restroom in each suite
