Turnkey Restaurant
For Sale
$420,000
500 Cano Street, Edinburg, TX 78539
Turnkey restaurant setup includes a pre-installed range hood and grease trap, with ample on-site parking.
Property Size2,584 SF
Price / SF$162.54
Days on Market189
Property Features for 500 Cano Street
General Information
Standard status
Active
Size
2,584 SF
Property subtype
General Commercial
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Taxes and HOA fees
Annual Taxes
$4,966
Amenities
Central Air, Electric
3
Lot with Trees.
15 Parking Spaces. Paved Driveway.
Trees, Handicapped Access. Downtown, City Road, Wooded.
Building Details
Year Built
1982
Listing Agency:
Eric Real Estate Group, Llc
(956) 292-4500
Listed By:
Eric Jimenez
(956) 292-4500
Source:
Xome
Added: Jan 30
Changed: Aug 7
Last Checked: Aug 7 at 1:08AM
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 Eric Real Estate Group, Llc
Investment Insights
Based on property information with market context.
This versatile commercial property is set up for food service and offered turnkey. The space includes a pre-installed range hood and a grease trap already in place, supporting day-one restaurant operations. Ample on-site parking is available for customers and staff.
Located at 500 E Cano Street in Edinburg, the property sits just steps from the Hidalgo County Courthouse, with consistent foot traffic from legal professionals, county employees, and daily visitors. The location is designed to support visibility and recurring demand in a dense professional area.
While equipped for a culinary concept, the layout is also described as adaptable for other uses, offering flexibility for an incoming operator.
Located at 500 E Cano Street in Edinburg, the property sits just steps from the Hidalgo County Courthouse, with consistent foot traffic from legal professionals, county employees, and daily visitors. The location is designed to support visibility and recurring demand in a dense professional area.
While equipped for a culinary concept, the layout is also described as adaptable for other uses, offering flexibility for an incoming operator.
Key Highlights
- Commercial property on Cano Street in Edinburg, steps from the Hidalgo County Courthouse.
- Turnkey restaurant setup includes a pre‑installed range hood and a grease trap.
- On‑site parking for 15 vehicles with a paved driveway.
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
$33,343
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
7.94%
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%
$666,860
$666.9K
Cap Rate 7%
$476,329
$476.3K
Cap Rate 9%
$370,478
$370.5K
Market Conditions
NOI Build-Up for 2,584 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
$48.1K $18.60/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$44.5K $17.21/SF
− OpEx
−$11.1K −$4.30/SF
NOI
$33.3K $12.90/SF
Area
Edinburg, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$666,860
Cap Rate 7%
$476,329
Cap Rate 9%
$370,478
Alternative Uses
Best Use
Specialty Retail
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,934 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,241
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- De Cache Restaurant — 417 E Schunior St #2, Edinburg, TX 78541
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant setup includes a pre-installed range hood and grease trap, with ample on-site parking.
Where is this conventional restaurant located?
The property is located at 500 Cano Street Edinburg, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Commercial property on Cano Street in Edinburg, steps from the Hidalgo County Courthouse.; Turnkey restaurant setup includes a pre‑installed range hood and a grease trap.; On‑site parking for 15 vehicles with a paved driveway.
