Single-Story Auto Service
For Sale
$2,900,000
6021 N EXPWY 281, Edinburg, TX 78542
Commercial Sale, Edinburg, TX
Property Size22,325 SF
Lot Size5.48 Acres
Price / SF$129.90
Days on Market94
Property Features for 6021 N EXPWY 281
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Security features
Security Lighting
Exterior features
Storage, Mature Trees
Appliances
Electric Water Heater
Subdivision
Tandy's
Directions
Travel North 281, take turnaround on Ramsayer road, second business on the right side. See Big Texas Tire Sign.
Standard status
Active
APN
T062000000000100
Size
22,325 SF
Lot size
5.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
34410
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
reception area
offices
waiting area
restrooms
shower
storage areas
air-conditioned office space
service area
Building Details
Year built
2010
Floors in Building
1
Building materials
Aluminum Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Benjamin Garcia · License #0437786
(956) 227-7653
Added: Jun 6
Changed: Sep 4
Last Checked: Sep 7 at 5:06AM
MLS# 506418
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 single-story commercial building contains 22,325 square feet and was built in 2010. The property includes 15,148 square feet of service area plus 3,968 square feet of air-conditioned office space. The office configuration includes a reception area, three offices, a waiting area, two standard restrooms, and a third restroom with a shower. Four separate storage areas are positioned near the main building.
The property is located at 6021 N EXPWY 281 in Edinburg, Texas. Building improvements include aluminum siding, a metal roof, central air, electric cooling, central and electric heat, and an electric water heater. Mature trees are also present on the site.
The property is located at 6021 N EXPWY 281 in Edinburg, Texas. Building improvements include aluminum siding, a metal roof, central air, electric cooling, central and electric heat, and an electric water heater. Mature trees are also present on the site.
Key Highlights
- 22,325 SF (+-) single‑story building
- 15,148 SF of service area
- 3,968 square feet (+-) of air‑conditioned office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$248,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,976,100
$5.0M
Cap Rate 7%
$3,554,357
$3.6M
Cap Rate 9%
$2,764,500
$2.8M
Market Conditions
NOI Build-Up for 22,325 SF
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.
Gross rent
$388.5K $17.40/SF
− Vacancy
−$33.0K −$1.48/SF
EGI
$355.4K $15.92/SF
− OpEx
−$106.6K −$4.78/SF
NOI
$248.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,976,100
Cap Rate 7%
$3,554,357
Cap Rate 9%
$2,764,500
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.15M
NOI $248,805 @ 7.0% cap · market cap 8.58%
Second Best
Flex RnD
$2.47M
$2.16M – $2.89M
NOI $173,177 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,493 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- JC's Wrecker Service — 5001 N Expressway 281, Edinburg, TX 78541
- Silvester's Truck & Auto Repair — 1001 Davis Rd, Edinburg, TX 78542
- Texas Stack's Diesel & Transport — 5814 n expressway 281, edinburg, tx 78541
- Donna Trailer Repair, Inc. — 5714 N Expressway 281, Edinburg, TX 78542
- G3 Diesel Performance & Auto Detail — 6004 US-281, Edinburg, TX 78542
Frequently Asked Questions
What type of property is this?
Auto shop - Configured with service space, offices, storage areas, and multiple restroom facilities.
Where is this auto shop located?
The property is located at 6021 N EXPWY 281 Edinburg, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 22,325 SF (+-) single‑story building; 15,148 SF of service area; 3,968 square feet (+-) of air‑conditioned office space
