Updated Interior Retail
524 S Closner Boulevard Edinburg, TX 78539
524 S Closner Boulevard, Edinburg, TX, 78539
$279,000
For Sale
$279,000
Extensively updated interior unit within a three-unit retail complex with an in-place lease through February 2028.
Property Size2,000 SF
Price / SF$139.50
Days on Market354
Property Features for 524 S Closner Boulevard
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2002
Listing agency
(956) 821-0547
Listed by
Signature Properties
(956) 821-0547
Source
Xome
Added: Aug 3, 2025 Updated: Jul 21 at 4:37AM Checked: Jul 21 at 4:37AM
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 Signature Properties
Investment Insights
Based on property information with market context.
This extensively updated interior unit is located within a multi-unit retail complex. The offering consists of one of three total units available in the complex, and the current lease runs through 2/2028.
The property is for sale at 524 S Closner Boulevard in Edinburg, Texas. Buyers should review the existing lease terms in detail, along with the available unit options within the complex, as applicable.
The property is for sale at 524 S Closner Boulevard in Edinburg, Texas. Buyers should review the existing lease terms in detail, along with the available unit options within the complex, as applicable.
Key Highlights
- Interior unit in a 3‑unit retail complex
- Extensively updated interior unit with central air and electric cooling
- In‑place lease runs through 2/2028
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 |
2,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$318.4K
$278.6K – $371.5K
NOI $22,289 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Lebiram Floristeria & Boutique — 702 N Closner Blvd, Edinburg, TX 78541
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- Jerry Peeler's Florist - Flower Delivery Edinburg TX — 1110 w university dr, edinburg, tx 78539
- Elva's Flower Shop — 212 E University Dr, Edinburg, TX 78539
FAQs
What type of property is this?
Storefront property - Extensively updated interior unit within a three-unit retail complex with an in-place lease through February 2028.
Where is this storefront property located?
The property is located at 524 S Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Interior unit in a 3‑unit retail complex; Extensively updated interior unit with central air and electric cooling; In‑place lease runs through 2/2028
