Renovated Shopping Center
New
For Sale
Contact for pricing
410 E University Drive Unit 5, Edinburg, TX 78539
Five tenant spaces feature vanilla-box interiors with restrooms and signage opportunities on a refurbished pylon sign.
Property Size4,275 SF
Price / SF$2.07
Days on Market2
Property Features for 410 E University Drive Unit 5
General Information
Standard status
Active
Size
4,275 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
pylon sign
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 3:33PM
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 renovated shopping center with approximately 14,000 square feet. Five suites are available, ranging from approximately 2,095 to 4,275 square feet. Each space has a restroom and is offered in vanilla-box condition. The property was built in 1994.
The center is less than one-quarter mile from the Hidalgo County Courthouse, with retail and restaurants in the surrounding area. Expressway access is also available.
The center is less than one-quarter mile from the Hidalgo County Courthouse, with retail and restaurants in the surrounding area. Expressway access is also available.
Key Highlights
- Five available suites ranging from approximately 2,095 to 4,275 square feet
- Approximately 14,000 SF shopping center
- Vanilla‑box suite condition with a restroom in each space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,880
$952.9K
Cap Rate 7%
$680,629
$680.6K
Cap Rate 9%
$529,378
$529.4K
Market Conditions
NOI Build-Up for 4,275 SF
Gross rent
$74.4K $17.40/SF
− Vacancy
−$6.3K −$1.48/SF
EGI
$68.1K $15.92/SF
− OpEx
−$20.4K −$4.78/SF
NOI
$47.6K $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%
$952,880
Cap Rate 7%
$680,629
Cap Rate 9%
$529,378
Alternative Uses
Best Use
Retail
$680.6K
$595.6K – $794.1K
NOI $47,644 @ 7.0% cap · market cap 538.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.6K – $1.29M
NOI $77,648 @ 7.0% cap · market cap 877.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Five tenant spaces feature vanilla-box interiors with restrooms and signage opportunities on a refurbished pylon sign.
Where is this shopping center located?
The property is located at 410 E University Drive Unit 5 Edinburg, TX.
What are key features of this property?
This property features: Five available suites ranging from approximately 2,095 to 4,275 square feet; Approximately 14,000 SF shopping center; Vanilla‑box suite condition with a restroom in each space
