Updated Storefront
For Sale
$279,000
524 S Closner Boulevard, Edinburg, TX 78539
Commercial Sale, Edinburg, TX
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$139.50
Days on Market406
Property Features for 524 S Closner Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
130
Parking features
Off Street, On Street, Special Needs
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
A26630000000B600
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: Sep 4, 2025
Changed: Oct 8
Last Checked: Oct 14 at 9:06PM
MLS# 480124
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 2,000-square-foot interior storefront unit occupies part of a three-unit complex on a 0.09-acre parcel. The property was built in 2002 and has been extensively updated, with stucco construction, a flat roof, central air conditioning, electric heating, and a balcony. An electric water heater is located in the attic.
The property includes on-street and off-street parking, along with an accessible approach featuring a ramp. C2 zoning supports its retail-oriented classification. The current lease runs through 2/2028, providing an existing occupancy term for an investor or owner evaluating the property.
The property includes on-street and off-street parking, along with an accessible approach featuring a ramp. C2 zoning supports its retail-oriented classification. The current lease runs through 2/2028, providing an existing occupancy term for an investor or owner evaluating the property.
Key Highlights
- 2,000‑square‑foot interior storefront unit
- Part of a three‑unit complex
- Extensively updated; built in 2002
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- peonies flower shop — 1307 S Closner Blvd, Edinburg, TX 78539
- Peonies Flower Shop — 1116 S Closner Blvd, Edinburg, TX 78539
- Sushi Florist & Flower Delivery — 224 W University Dr, Edinburg, TX 78539, United States
- Elva's Flower Shop — 212 E University Dr, Edinburg, TX 78539
- Margarita's Flower Shop — 901 E Cano St, Edinburg, TX 78539
Frequently Asked Questions
What type of property is this?
Storefront property - C2-zoned interior retail unit with central air, ramp access, and lease coverage 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: 2,000‑square‑foot interior storefront unit; Part of a three‑unit complex; Extensively updated; built in 2002
