Historical Landmark in Edinburg
200 N 12th Avenue Edinburg, TX 78541
Historical landmark with income opportunities in Edinburg's downtown area.
Type:Office
Property size:
6,800 SFPrice / SF:
$220/SF- Added:
- Sep 12, 2024
- Days on Market:
- 666
- Last Refresh:
- Jun 25 at 6:21 pm
Property Features for 200 N 12th Avenue
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing office Encore Fine Properties
Listing date Sep 12, 2024
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This historical landmark is a centerpiece in the heart of the Edinburg Downtown area, across the street from the New Hidalgo County Courthouse. The property is conveniently located within walking distance of the city-approved future 3-story parking garage, intended to accommodate anticipated traffic and downtown revitalization. The 6,800 square foot corner lot includes mature trees and private parking. The building has 5 major office suites or 20 smaller office rooms. It is equipped with an elevator. The top office offers views of the downtown business square. This property is poised for multiple income opportunities and success, such as lease income variation to a variety of businesses and long-term equity.
Key Highlights
- Prime location in the heart of Edinburg's downtown area, across from the New Hidalgo County Courthouse.
- Historical Landmark status with unique 20th‑century architecture and charm.
- Multiple income opportunities with 5 major office suites or 20 smaller office rooms.
Local 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 | $151.0k | $22.20 |
| − Vacancy | −$21.1k | −$3.11 |
| EGI | $129.8k | $19.09 |
| − OpEx | −$32.5k | −$4.77 |
| NOI | $97.4k | $14.32 |
6,800 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,369 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,510 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Historical landmark with income opportunities in Edinburg's downtown area.
Where is this office building located?
The property is located at 200 N 12th Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location in the heart of Edinburg's downtown area, across from the New Hidalgo County Courthouse.; Historical Landmark status with unique 20th‑century architecture and charm.; Multiple income opportunities with 5 major office suites or 20 smaller office rooms.
