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    505 Owassa Rd Edinburg, TX 78539

    For Lease
    $24 SF/Yr

    Prime Edinburg Office Space, Flexible Layout

    Lot size:
    14,386 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A office building, constructed in 2013, offers 14,386 square feet of versatile space in the Owassa Lake Business Park. Located at 505 W Owassa Rd, Edinburg, TX 78539, this single-story building sits on a 1.4-acre lot and features two suites, each offering a minimum of 7,193 square feet. Currently, 7,193 square feet is available for lease. The property's flexible design caters to a variety of uses, including traditional office, medical office, and coworking spaces. Its convenient location near Owassa Road and Highway 281 ensures easy access for employees and clients. The tranquil setting, enhanced by a nearby six-acre pond, offers a unique and peaceful work environment. The property is zoned commercial (APN: 08050-00-000-001-05) and presents a significant opportunity for businesses seeking a modern, adaptable workspace in a desirable location. The building's single-story design and ample parking provide convenient access for all occupants. This is an ideal opportunity for a business seeking a high-quality, well-located office space in a thriving Texas community.

    Property Features for 505 Owassa Rd

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,386 SF
    Class
    A
    Total Rate
    28772

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,193 SF
    Rate per SF
    $24

    HighLights

    • 14,386 SF Class A office building in Owassa Lake Business Park, Edinburg, TX.
    • Excellent Interstate 69C access.
    • Full kitchen and laundry facilities included.
    • Furniture, fixtures, and equipment available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1791433
    Latitude
    26.2507113

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    FAQs

    What type of property is this?
    Coworking space - Prime Edinburg Office Space, Flexible Layout
    Where is this coworking space located?
    The property is located at 505 Owassa Rd Edinburg, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 14,386 SF Class A office building in Owassa Lake Business Park, Edinburg, TX.; Excellent Interstate 69C access.; Full kitchen and laundry facilities included.
    Request Owner's contact information
    505 Owassa Rd Edinburg, TX 78539
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    Edinburg, TX 78539
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Owassa Rd Edinburg, TX 78539
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