Updated Strip Mall Interior
For Sale
$279,000
524 S Closner Boulevard, Edinburg, TX 78539
COMMERCIAL - Edinburg, TX
Property Size2,000 SF
Lot Size0.09 Acres
Price / SF$139.50
Days on Market336
Property Features for 524 S Closner Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
130
Parking features
On Street, Off 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
Electric (Heating), Central
Cooling system
Electric, Central Air
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: Aug 4
Last Checked: Aug 5 at 4:06AM
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 updated interior unit in a strip mall setting features extensive updates and includes a balcony. The unit is situated on a 0.09-acre lot and is approximately 2,000 square feet. Built in 2002, it has a flat roof and stucco construction.
The building is served by central heating and central air, with electric heating and electric cooling. On-site systems include an electric water heater and an additional water heater located in the attic. Parking is available on-street and off-street, with special needs parking also noted. Accessibility is supported by an accessible approach with a ramp.
There are 3 total units available in the complex, and the current lease runs through 2/2028.
The building is served by central heating and central air, with electric heating and electric cooling. On-site systems include an electric water heater and an additional water heater located in the attic. Parking is available on-street and off-street, with special needs parking also noted. Accessibility is supported by an accessible approach with a ramp.
There are 3 total units available in the complex, and the current lease runs through 2/2028.
Key Highlights
- 0.09‑acre lot
- About 2,000 SF interior unit
- C2 zoning
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
497
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Updated interior strip mall unit in C2 zoning with a lease in place through 2/2028.
Where is this strip mall 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: 0.09‑acre lot; About 2,000 SF interior unit; C2 zoning
