Remodeled Office Building Near
For Sale
Contact for pricing
116 12th Avenue, Edinburg, TX 78539
Prime office space for sale near Hidalgo County Courthouse.
Property Size4,198 SF
Price / SF$232.25
Days on Market906
Property Features for 116 12th Avenue
General Information
Standard status
Active
Size
4,198 SF
Property subtype
Office
Building Details
Year Built
1993
Listing Agency:
Coldwell Banker Commercial - RGV
(956) 223-0586
Listed By:
Eric Ledé · License #791059
Source:
Crexi
Added: Feb 10, 2024
Changed: Jul 6
Last Checked: Jul 6 at 7:59AM
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 Coldwell Banker Commercial - RGV
Investment Insights
Based on property information with market context.
An investment opportunity exists in the form of prime office space available for sale, located across from the remodeled Hidalgo County Courthouse. The building contains 12 offices and has been remodeled. Recent renovations include upgrades to the roof, floors, and A/C units. The property has a total size of 4198 square feet. Five of the offices are currently available. Its proximity to the courthouse makes it suitable for legal professionals.
Key Highlights
- Prime location directly across from the newly remodeled Hidalgo County Courthouse
- Immediate income potential with five offices currently available for lease
- Meticulously remodeled building with 12 total offices
Financial Insights For Office B
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 | $93.2k | $22.20 |
| − Vacancy | −$13.0k | −$3.11 |
| EGI | $80.1k | $19.09 |
| − OpEx | −$20.0k | −$4.77 |
| NOI | $60.1k | $14.32 |
4,198 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$858.7K
$751.4K – $1.00M
NOI $60,111 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.1K – $1.27M
NOI $76,249 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Prime office space for sale near Hidalgo County Courthouse.
Where is this office building located?
The property is located at 116 12th Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime location directly across from the newly remodeled Hidalgo County Courthouse; Immediate income potential with five offices currently available for lease; Meticulously remodeled building with 12 total offices
