Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Tract on N Expressway Title is generated by Realmo AI

    8909 N EXPWY 281, Edinburg, TX 78542

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    9-acre tract with highway frontage, suitable for development.

    Type:Retail, Office, Industrial
    Property size:
    1,160 SF
    Lot size:
    9.00 Acres
    Price / SF:
    $1,896/SF
    Added:
    Nov 11, 2023
    Days on Market:
    934
    Last Refresh:
    May 12 at 9:07 pm

    Property Features for 8909 N EXPWY 281

    General Information

    Standard status
    Active
    Size
    1,160 SF
    Lot size
    9.00 Acres
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Ronnie Esparza

    Listing agent Ronnie Esparza

    Listing office eXp Realty

    Listing date Nov 11, 2023

    Source Crexi

    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 eXp Realty

    HighLights

    • Prime 9‑acre tract with approximately 300 feet of N Expressway 281 frontage.
    • Suitable for Commercial, Residential, or Industrial Development.
    • Completely remodeled 1160 sqft house (3/1/1) with new roof, electrical, plumbing, windows, spray foam insulation, HVAC, flooring, and lighting.
    • New 8ft high perimeter fence and separate 120ft entrance suitable for semi‑trucks.
    • Access to Santa Cruz Irrigation with a valve in the rear of the property.
    • Owner Financing Available.

    Overview

    This +/-9 acre tract is located off N Expressway 281, just north of FM 2812. Featuring approximately 300 feet of highway frontage, the property is suitable for commercial, residential, or industrial development. The property includes an 1160 square foot house with 3 bedrooms, 1 bathroom, and a 1-car garage. The house has been completely remodeled with a new roof, new electrical system, new plumbing, new windows, 100% spray foam insulation in the walls and roof, a new HVAC system, new HVAC ducts, flooring, and lighting. The house is suitable for office space, with proximity to the rear acreage for commercial or industrial operations, or as a living area. The home has access to both AT&T and Spectrum services for internet and cable, as well as city water. A new 8-foot high fence surrounds the property perimeter. There is a separate 120-foot entrance suitable for large semi-trucks and trailers to enter and exit. The property has access to Santa Cruz Irrigation with a valve in the rear of the property. The property is located in Edinburg, TX.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1616
    Latitude
    26.362

    Nearby Similar for Sale

    • $2,700,500
      6,000 SF

      Edinburg Professional Office Space

      6,000 SF professional space in a prime medical corridor.
      2637 Cornerstone Boulevard, Edinburg, TX 78539
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Drive, Edinburg, TX 78539
      View Details
    • $1,575,000
      11,247 SF

      Edinburg Commercial Property with Warehouse

      Commercial property featuring a warehouse and office building on 5.25 acres.
      1222 N Closner Boulevard, Edinburg, TX 78541
      View Details
    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano Street, Edinburg, TX 78539
      View Details
    • $4,500,000
      19,297 SF

      New Commercial Plaza in Edinburg

      New 19,297 SF commercial plaza with 20 suites.
      901 S Raul Longoria Road, Edinburg, TX 78542
      View Details
    • $1,300,000
      2,592 SF

      Edinburg Commercial Land For Sale

      Prime commercial land with high visibility and unlimited potential.
      5532 S Jackson Road, Edinburg, TX 78539
      View Details
    • $358,000
      3,640 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained fourplex near UTRGV with strong rental history.
      2013 N El Mundo Drive, Edinburg, TX 78541
      View Details
    • $445,000
      4,052 SF

      Edinburg Fourplex with No Shared Walls

      Fourplex in desirable location near DHR, restaurants, shopping, and groceries.
      2123 Western Drive, Edinburg, TX 78539
      View Details
    • $1,399,999
      7,000 SF

      Prime Commercial Property, Edinburg, TX

      Versatile commercial property in a high-traffic area of Edinburg.
      214 W Champion Street W, Edinburg, TX 78539
      View Details
    • $2,180,000
      16,498 SF

      Edinburg Multifamily Investment Opportunity

      Income-producing property near UTRGV with modern townhomes.
      3523 W Sprague Street, Edinburg, TX 78539
      View Details
    • $2,200,000
      1,160 SF

      Edinburg Land with Highway Frontage

      Prime 8.64-acre tract suitable for commercial or residential development.
      8909 N US Highway 281, Edinburg, TX 78542
      View Details
    • $215,000
      382 SF

      Edinburg Commercial Land For Sale

      Prime commercial land in Edinburg, TX, ideal for development.
      1001 S Veterans Boulevard, Edinburg, TX 78539
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9-acre tract with highway frontage, suitable for development.
    Where is this commercial land located?
    The property is located at 8909 N EXPWY 281 Edinburg, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime 9‑acre tract with approximately **300 feet of N Expressway 281 frontage**.; Suitable for Commercial, Residential, or Industrial Development.; Completely remodeled 1160 sqft house (3/1/1) with new roof, electrical, plumbing, windows, spray foam insulation, HVAC, flooring, and lighting.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ronnie Esparza
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    8909 N EXPWY 281, Edinburg, TX 78542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!