Building Details

Year Built 2025

Tenancy Multi

Listing Agency: Keller Williams Realty RGV

Listed By: Jaime Lee Gonzalez · License #713189 Show Phone

Source: Aregtx

Added: Jul 25 Changed: Oct 25 Last Checked: Oct 7 at 3:12PM

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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 Keller Williams Realty RGV

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Investment Insights

Based on property information with market context.

A brand-new commercial plaza is being introduced in North Edinburg, offering 20 retail suites within a 19,297-square-foot development on 1.5 acres. The project is designed to provide multiple storefront-ready spaces in one convenient retail setting.

The plaza is positioned near schools, residential neighborhoods, the H-E-B Park Complex, and Los Lagos Golf Course, with visibility and accessibility intended for a high-traffic area.

For businesses seeking a purpose-built retail location, the property’s suite count and new construction profile support flexible occupancy within a single commercial plaza.

Key Highlights

• New commercial plaza built in 2025
• 19,297 SF commercial plaza on 1.5 acres
• 20 retail suites within the plaza

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$215,059

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,301,180 $4.3M

Cap Rate 7%

$3,072,271 $3.1M

Cap Rate 9%

$2,389,544 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,297 SF

Gross rent

$335.8K $17.40/SF

− Vacancy

−$28.5K −$1.48/SF

EGI

$307.2K $15.92/SF

− OpEx

−$92.2K −$4.78/SF

NOI

$215.1K $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 Rate 5%

$4,301,180

Cap Rate 7%

$3,072,271

Cap Rate 9%

$2,389,544

Alternative Uses

Best Use

Retail

$3.07M

$2.69M – $3.58M (±1% cap)

NOI $215,059 @ 7.0% cap · market cap 4.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.01M

$4.38M – $5.84M (±1% cap)

NOI $350,495 @ 7.0% cap · market cap 7.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Under-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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - New commercial plaza offers 20 retail suites totaling 19,297 square feet on 1.5 acres.

Where is this shopping center located?

The property is located at 901 S Raul Longoria Rd Edinburg, TX.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: New commercial plaza built in 2025; 19,297 SF commercial plaza on 1.5 acres; 20 retail suites within the plaza