Two-Building Office
For Sale
$450,000
621 S 10th Ave, Edinburg, TX 78539
A corner-site configuration includes a primary office building and a separate smaller building.
Property Size2,374 SF
Price / SF$189.55
Days on Market9
Property Features for 621 S 10th Ave
General Information
Standard status
Active
Size
2,374 SF
Total Parking Spaces
7
Taxes and HOA fees
Annual Taxes
$5,210
Building Details
Buildings
2
Listing Agency:
Element Realty, LLC
(956) 624-7036
Listed By:
Claudia Quezada
(956) 890-1987
Source:
Exprealty
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 6 at 2:22AM
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 Element Realty, LLC
Investment Insights
Based on property information with market context.
The property comprises an approximately 2,000-square-foot main building and a separate 400-square-foot building, offering two distinct office areas. On-site parking accommodates 7 vehicles, and the buildings occupy a corner lot in Edinburg.
The site is a couple of blocks from the courthouse. Its two-building layout provides separate spaces for office use.
The site is a couple of blocks from the courthouse. Its two-building layout provides separate spaces for office use.
Key Highlights
- Approximately 2,000‑square‑foot main building
- Separate 400‑square‑foot building
- 7 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,993
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,860
$679.9K
Cap Rate 7%
$485,614
$485.6K
Cap Rate 9%
$377,700
$377.7K
Market Conditions
NOI Build-Up for 2,374 SF
Gross rent
$52.7K $22.20/SF
− Vacancy
−$7.4K −$3.11/SF
EGI
$45.3K $19.09/SF
− OpEx
−$11.3K −$4.77/SF
NOI
$34.0K $14.32/SF
Area
Edinburg, TX
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,860
Cap Rate 7%
$485,614
Cap Rate 9%
$377,700
Alternative Uses
Best Use
Office B
$485.6K
$424.9K – $566.6K
NOI $33,993 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.0K
$539.0K – $718.7K
NOI $43,119 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,241
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - A corner-site configuration includes a primary office building and a separate smaller building.
Where is this office building located?
The property is located at 621 S 10th Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,000‑square‑foot main building; Separate 400‑square‑foot building; 7 parking spaces
