Updated Retail
For Sale
$279,000
524 S Closner Boulevard, Edinburg, TX 78539
Interior retail unit with an existing lease running through 2/2028.
Property Size2,000 SF
Price / SF$139.50
Days on Market48
Property Features for 524 S Closner Boulevard
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Corner Location
No
End Cap
No
Building Details
Year Built
2002
Listing Agency:
Signature Properties
Listed By:
J.C. Lowe
(956) 821-0547
Source:
Aregtx
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 12:59PM
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
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Investment Insights
Based on property information with market context.
This interior retail unit at 524 S Closner Boulevard offers 2,000 square feet within a commercial complex containing three total units. The space has been extensively updated, providing a refreshed setting for retail use.
Built in 2002, the property is currently leased through 2/2028. Its Edinburg location places the unit within an established commercial property along S Closner Boulevard.
Built in 2002, the property is currently leased through 2/2028. Its Edinburg location places the unit within an established commercial property along S Closner Boulevard.
Key Highlights
- 2,000‑square‑foot interior retail unit
- Extensively updated space
- Three total units available in the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,289
Cap Rate
7.99%
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 7.99%
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,088
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Interior retail unit with an existing lease running through 2/2028.
Where is this retail space 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: 2,000‑square‑foot interior retail unit; Extensively updated space; Three total units available in the complex
