Upgraded Retail/Office
506 S Closner Boulevard Edinburg, TX 78539
For Sale
$825,000
COMMERCIAL - Edinburg, TX
Property Size6,000 SF
Lot Size0.09 Acres
Price / SF$137.50
Days on Market326
Property Features for 506 S Closner Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Parking
- 135
- Parking features
- Off Street, On Street
- Exterior features
- Balcony
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Electric Water Heater, Water Heater (Programmable thermostat)
- Standard status
- Active
- APN
- A26630000000A300
- Size
- 6,000 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9300
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Building materials
- Stucco
- Roof type
- Flat
Listing Agency:
Signature Properties
(956) 630-3100
Listed By:
J.c. Lowe
(956) 821-0547
Added: Sep 4, 2025
Changed: Jun 10
Last Checked: Jul 26 at 7:06PM
MLS# 480039
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.
Investment Insights
Based on property information with market context.
This for-sale portfolio includes a mix of office and retail space, with multiple units that have been upgraded a number of times. The offering is available all or part, giving buyers flexibility depending on how much space they want to acquire.
The property is located at 506 S Closner Boulevard in Edinburg, Texas, and the public remarks note a strong nearby anchor in the form of the brand-new Hidalgo County courthouse. The project is identified under zoning “C.”
With upgraded condition across the units, this portfolio can be a practical fit for owners looking for a small, combined office/retail mix in one acquisition, or for buyers who prefer to purchase only a portion of the total offering. The total listed property size is 6,000 square feet on a 0.09-acre lot, and full APOD is available upon request.
The property is located at 506 S Closner Boulevard in Edinburg, Texas, and the public remarks note a strong nearby anchor in the form of the brand-new Hidalgo County courthouse. The project is identified under zoning “C.”
With upgraded condition across the units, this portfolio can be a practical fit for owners looking for a small, combined office/retail mix in one acquisition, or for buyers who prefer to purchase only a portion of the total offering. The total listed property size is 6,000 square feet on a 0.09-acre lot, and full APOD is available upon request.
Key Highlights
- Portfolio available all or part
- Year built 2002
- Stucco exterior with flat roof
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 | $104.4k | $17.40 |
| − Vacancy | −$8.9k | −$1.48 |
| EGI | $95.5k | $15.92 |
| − OpEx | −$28.7k | −$4.78 |
| NOI | $66.9k | $11.14 |
6,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,914 @ 7.0% cap · market cap 10.41%
Second Best
Retail
$955.3K
$835.9K – $1.11M
NOI $66,868 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,979 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - For sale portfolio of upgraded units near the brand-new Hidalgo County courthouse, offered all or part.
Where is this office building located?
The property is located at 506 S Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Portfolio available all or part; Year built 2002; Stucco exterior with flat roof
