Ground-Floor Retail
For Sale
$299,000
506 Closner Boulevard, Edinburg, TX 78539
Commercial Sale, Edinburg, TX
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$149.50
Days on Market138
Property Features for 506 Closner Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
130
Parking features
Off Street, Special Needs, On Street
Exterior features
Balcony
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater, Water Heater (In Attic)
Subdivision
Alhambra Plaza Condos
Lot features
Downtown, Medical Complex, Office Complex
Directions
Just south of courthouse on Closner/Business 281.
Standard status
Active
APN
A26630000000A3
Size
2,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3100
HOA Fee
$150 Monthly
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2002
Floors in Building
1
Building materials
Stucco
Roof type
Flat
Listing Agency:
Signature Properties
(956) 630-3100
Listed By:
J.c. Lowe
(956) 821-0547
Added: Jun 9
Changed: Oct 21
Last Checked: Oct 24 at 4:06AM
MLS# 480127
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
The downstairs commercial unit contains 2,000 square feet within a 0.09-acre property. Built in 2002, the building features stucco construction, a flat roof, central electric heating, central air conditioning, and a balcony. An electric water heater is located in the attic.
The property is at 506 Closner Boulevard in Edinburg, Texas, with on-street and off-street parking available. Accessible entry is provided through a ramp. The complex contains three total units, including two located on the second floor. The current lease is month to month, and the property carries C zoning.
The property is at 506 Closner Boulevard in Edinburg, Texas, with on-street and off-street parking available. Accessible entry is provided through a ramp. The complex contains three total units, including two located on the second floor. The current lease is month to month, and the property carries C zoning.
Key Highlights
- 2,000 square feet in the downstairs unit
- 0.09‑acre property at 506 Closner Boulevard
- C zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,289
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,780
$445.8K
Cap Rate 7%
$318,414
$318.4K
Cap Rate 9%
$247,656
$247.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.8K $17.40/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$31.8K $15.92/SF
− OpEx
−$9.6K −$4.78/SF
NOI
$22.3K $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%
$445,780
Cap Rate 7%
$318,414
Cap Rate 9%
$247,656
Alternative Uses
Best Use
Retail
$318.4K
$278.6K – $371.5K
NOI $22,289 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,210
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - C-zoned commercial space with ramp access and both off-street and on-street parking.
Where is this retail space located?
The property is located at 506 Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,000 square feet in the downstairs unit; 0.09‑acre property at 506 Closner Boulevard; C zoning
