506 S Closner Blvd, Edinburg, TX 78539
Downstairs unit within a multi-tenant retail complex, currently operating on a month-to-month lease.
- Added:
- Sep 4, 2025
- Days on Market:
- 295
- Last Refresh:
- Jun 24 at 4:59 am
Property Features for 506 S Closner Blvd
General Information
- Standard status
- Active
- Size
- 2,000 SF
Listing office Signature Properties (956) 821-0547
Listing date Sep 4, 2025
Source Exprealty
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HighLights
- Downstairs unit within a multi‑tenant retail complex
- Complex has 3 total units: 1 downstairs unit and 2 second‑floor units
- Unit is currently on a month‑to‑month lease
Overview
The property is located at 506 S Closner Blvd in Edinburg, Texas. As part of a small, multi-unit complex, the space is positioned to serve retail operations that benefit from direct street-level access associated with ground-floor tenancy.
For buyers or tenant-users, the month-to-month lease provides flexibility around timing and occupancy planning. This unit configuration can also fit brands or operators looking for a dedicated storefront within a compact building that separates ground-floor and second-floor uses across three tenants.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $17.40 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $31.8k | $15.92 |
| − OpEx | −$9.6k | −$4.78 |
| NOI | $22.3k | $11.14 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Eden Garden Flower Shop — 3324 S Business Hwy 281, Edinburg, TX 78539
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1628102
- Latitude
- 26.2968761