Renovated Shopping
New
For Sale
Contact for pricing
410 E University Drive Unit 1, Edinburg, TX 78539
Five retail suites are available in vanilla box condition, each with a restroom.
Property Size4,150 SF
Price / SF$2.07
Days on Market2
Property Features for 410 E University Drive Unit 1
General Information
Standard status
Active
Size
4,150 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 3:23PM
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 five suites available, ranging from 2,095 SF to 4,275 SF. Each suite is in vanilla box condition and includes a restroom. The center was built in 1994 and has approximately 14,000 SF.
The property is less than one-quarter mile from the Hidalgo County Courthouse and offers 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 offers access to the expressway. Retail businesses and restaurants are among the surrounding uses. Signage opportunities are available on the renovated pylon sign.
Key Highlights
- Five available suites range from 2,095 SF to 4,275 SF
- Approximately 14,000 SF shopping center
- Each suite includes a restroom and vanilla box condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,251
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,020
$925.0K
Cap Rate 7%
$660,729
$660.7K
Cap Rate 9%
$513,900
$513.9K
Market Conditions
NOI Build-Up for 4,150 SF
Gross rent
$72.2K $17.40/SF
− Vacancy
−$6.1K −$1.48/SF
EGI
$66.1K $15.92/SF
− OpEx
−$19.8K −$4.78/SF
NOI
$46.3K $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%
$925,020
Cap Rate 7%
$660,729
Cap Rate 9%
$513,900
Alternative Uses
Best Use
Retail
$660.7K
$578.1K – $770.9K
NOI $46,251 @ 7.0% cap · market cap 538.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.2K – $1.26M
NOI $75,377 @ 7.0% cap · market cap 877.50%
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 retail suites are available in vanilla box condition, each with a restroom.
Where is this shopping center located?
The property is located at 410 E University Drive Unit 1 Edinburg, TX.
What are key features of this property?
This property features: Five available suites range from 2,095 SF to 4,275 SF; Approximately 14,000 SF shopping center; Each suite includes a restroom and vanilla box condition
