Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    640 Edinburg Ave Elsa, TX 78543

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-Income Retail Property in Texas

    Property size:
    4,820 SF

    Property Features for 640 Edinburg Ave

    General Information

    Property type
    Land
    Square Feet
    4,820 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2016
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Tami Lin Smith

    Listing Agency: Medina Real Estate - Weslaco Listing Agent: Tami Lin Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 3-acre property in Elsa, Texas (78543), presents a lucrative investment opportunity. The main building, a 4,820 square foot structure built in 2016, currently operates as a successful event center generating $1,500 monthly income under lease until January, transitioning to month-to-month thereafter. The property's versatility extends to restaurant use, and the kitchen appliances are included in the sale. A significant income stream is also derived from a 20-unit storage facility, yielding approximately $1,400 per month in rental income. Further enhancing the property's revenue potential is a separate area leased month-to-month to a wrecker service, generating $500 monthly. The event center features an entertainment area suitable for bands. The property is a single-story building on a 3-acre lot, offering substantial potential for future development or expansion. The asking price is $750,000. This turnkey operation provides immediate cash flow and significant upside potential for a savvy investor. Tables and decor are not included in the sale. The property is located at 640 W Edinburg Avenue, Elsa, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    South Texas Smokehouse ... Restaurant Taqueria Mexi-Taco Restaurant

    Suggested Use

    Storage Facility Big Box & Wholesale Store Cafe & Coffee Shop Car Rental Facility Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Cosmetic Store Home Appliance Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0040433
    Latitude
    26.2929213

    Nearby Similar for Sale

    • New
      $385,000
      2,190 SF

      Elsa, TX Triplex Investment

      Triplex on nearly two acres with development potential.
      19310 N Mile 6 Rd W, Elsa, TX 78543
      View Details
    • Contact for pricing
      7,800 SF

      Elsa Retail Plaza Suites

      New construction retail suites available for lease in Elsa, Texas.
      17409 N Fm 88, Elsa, TX 78543
      View Details
    • Contact for pricing
      12,874 SF

      Elsa Retail Center For Sale

      92% occupied retail center in Elsa, Texas.
      107 S Broadway St, Elsa, TX
      View Details
    • $1,375,000
      55.00 Acres

      Irrigated Farmland in Elsa, Texas

      55 acres of leveled, irrigated row crop farmland.
      15 1/2 Rd, Elsa, TX 78543
      View Details
    • $1,770,500
      70.82 Acres

      Elsa, TX Land For Sale

      70.82 acre ranch or subdevelopment land in Elsa, Texas.
      15 1/2 Rd N, Elsa, TX 78543
      View Details
    • $975,000
      6,776 SF

      Prime Elsa Retail Building

      6,776 SF Freestanding Retail Space
      412 Edinburg Ave, Elsa, TX 78543
      View Details
    • $950,000
      7,848 SF

      Prime Elsa Retail Storefront

      7,848 SF Vacant Retail Building, $950K
      611 Edinburg Ave, Elsa, TX 78543
      View Details
    • $750,000
      4,820 SF

      Elsa Event Center & Storage

      High-Income Generating Commercial Property
      640 Edinburg Ave, Elsa, TX 78543
      View Details
    • $130,000
      1,600 SF

      Downtown Elsa Commercial Building

      High-potential, 1600 sq ft commercial property.
      514 Broadway St, Elsa, TX 78543
      View Details
    • $215,000
      5,336 SF

      Prime Elsa Commercial Trio

      Three leased units, high traffic area.
      308-302 Broadway St St, Elsa, TX 78543
      View Details
    • $150,000
      0.57 Acres

      Elsa Commercial Corner Lot

      High-visibility .57-acre lot, prime location.
      13407 Fm 493, Elsa, TX 78537
      View Details

    FAQs

    What type of property is this?
    Land - High-Income Retail Property in Texas
    Where is this land located?
    The property is located at 640 Edinburg Ave Elsa, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    (956) 968-8900 Call to check price and availability
    Request Owner's contact information
    640 Edinburg Ave Elsa, TX 78543
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 Edinburg Ave
    Elsa, TX 78543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    640 Edinburg Ave Elsa, TX 78543
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tami Lin Smith
    (956) 968-8900 (956) 274-9161
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!