Manufacturing Facility with Water
For Sale
$20,000,000
6590 Republic Drive, Edinburg, TX 78541
Existing industrial improvements include extensive building systems and specialized water-processing infrastructure for manufacturing operations.
Property Size238,395 SF
Days on Market193
Property Features for 6590 Republic Drive
General Information
Standard status
Active
Size
238,395 SF
Property subtype
Factory
Building Details
Building Size
238,395 SF
Year Built
2011
Listing Agency:
Re/Max Property Group - RGV
(956) 648-6456
Listed By:
Myra Caridad Garcia · License #719556
(956) 648-6456
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 12:17AM
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 Re/Max Property Group - RGV
Investment Insights
Based on property information with market context.
Built in 2011, the property includes a 280,000-square-foot manufacturing facility within an industrial site in Edinburg. The building incorporates a substantial foundation system, plumbing, electrical service, and HVAC infrastructure, along with a dedicated water treatment plant. The facility is currently closed and was designed for textile manufacturing operations.
The site is positioned near international bridge crossings serving Mexico, the OEM automotive clusters in McAllen and Brownsville, and the ports of Harlingen and Brownsville. Regional technical education resources include The University of Texas Rio Grande Valley and South Texas College, which provides vocational and graduate-level training. South Texas College also offers a FESTO-certified program covering PLC and automation systems and robotic welding.
The site is positioned near international bridge crossings serving Mexico, the OEM automotive clusters in McAllen and Brownsville, and the ports of Harlingen and Brownsville. Regional technical education resources include The University of Texas Rio Grande Valley and South Texas College, which provides vocational and graduate-level training. South Texas College also offers a FESTO-certified program covering PLC and automation systems and robotic welding.
Key Highlights
- 280,000‑square‑foot manufacturing facility built in 2011
- Dedicated water treatment plant included with the property
- Extensive foundation, plumbing, electrical, and HVAC systems
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
$1,381,978
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
6.91%
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%
$27,639,560
$27.6M
Cap Rate 7%
$19,742,543
$19.7M
Cap Rate 9%
$15,355,311
$15.4M
Market Conditions
NOI Build-Up for 238,395 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
$2.03M $8.52/SF
− Vacancy
−$56.9K −$0.24/SF
EGI
$1.97M $8.28/SF
− OpEx
−$592.3K −$2.48/SF
NOI
$1.38M $5.80/SF
Area
Edinburg, TX
Vacancy
2.80%
Lease Rate
$8.52 /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%
$27,639,560
Cap Rate 7%
$19,742,543
Cap Rate 9%
$15,355,311
Alternative Uses
Best Use
Industrial
$19.74M
$17.27M – $23.03M
NOI $1,381,978 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$61.86M
$54.13M – $72.17M
NOI $4,330,016 @ 7.0% cap · market cap 21.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Existing industrial improvements include extensive building systems and specialized water-processing infrastructure for manufacturing operations.
Where is this manufacturing property located?
The property is located at 6590 Republic Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 280,000‑square‑foot manufacturing facility built in 2011; Dedicated water treatment plant included with the property; Extensive foundation, plumbing, electrical, and HVAC systems
