Elsa Commercial Property with
For Sale
Contact for pricing
412 W Edinburg Avenue, Elsa, TX 78543
15.55 acres with warehouse, auto shop, homes, and businesses.
Property Size15,000 SF
Lot Size15.55 Acres
Price / SF$163.33
Days on Market1002
Property Features for 412 W Edinburg Avenue
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
80
Lot size
15.55 Acres
Property subtype
Land, Office, Industrial
Building Details
Year Built
1995
Listing Agency:
Capital Advisors Real Estate Group
Listed By:
Jesus Gonzalez · License #787041
Source:
Crexi
Added: Nov 11, 2023
Changed: Aug 8
Last Checked: Jul 15 at 11:19PM
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 Capital Advisors Real Estate Group
Investment Insights
Based on property information with market context.
This commercial property is situated on 15.55 acres off Edinburg Ave in Elsa, Texas. It features a 15,000 sqft cooled warehouse that generates $10,000 in monthly rental income. Additionally, there is a 6,000 sqft auto repair shop with an annual income of $200,000. The property also includes five homes, four of which are currently leased, providing a consistent rental revenue stream. Furthermore, the site accommodates a butane company and an ice company.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$202,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,050,640
$4.1M
Cap Rate 7%
$2,893,314
$2.9M
Cap Rate 9%
$2,250,356
$2.3M
Market Conditions
NOI Build-Up for 15,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$307.8K $20.52/SF
− Vacancy
−$18.5K −$1.23/SF
EGI
$289.3K $19.29/SF
− OpEx
−$86.8K −$5.79/SF
NOI
$202.5K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,050,640
Cap Rate 7%
$2,893,314
Cap Rate 9%
$2,250,356
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.38M
NOI $202,532 @ 7.0% cap · market cap 8.27%
Second Best
Mixed Use
$2.17M
$1.90M – $2.53M
NOI $151,875 @ 7.0% cap · market cap 6.20%
Theoretical Best
Hotel Hospitality
$11.30M
$9.89M – $13.18M
NOI $790,875 @ 7.0% cap · market cap 32.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 78543, TX
7,535
Population
3,018
Households
2.5
Avg Household Size
33
Median Age
9%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
1,177
Density / Sq Mi
$47,657
Median Household Income
$30,960
Median Earnings
$759
Median Rent
$85,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 15.55 acres with warehouse, auto shop, homes, and businesses.
Where is this mixed-use property located?
The property is located at 412 W Edinburg Avenue Elsa, TX.
What is the asking price?
The asking price for this property is $2,450,000.
