Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Mile 17 1/2 Edinburg, TX 78541
    Back to Search
    Property profile & analytics

    215 Mile 17 1/2 Edinburg, TX 78541

    View on Map
    • Refrigerated & Cold Storage
    • 37,115 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Refrigerated & Cold Storage

    Property Details for 215 Mile 17 1/2

    Year built
    1997
    Property size
    37,115 SF
    Property type
    Refrigerated & Cold Storage
    Property subtype
    Industrial properties

    Description

    This exceptional 37,115-square-foot industrial property in Edinburg, Texas, offers a unique blend of refrigerated and dry storage space. Built in 1997 and renovated in 2003, the facility boasts approximately 18,540 square feet of refrigerated space and 13,606 square feet of dry warehouse area, complemented by 4,969 square feet of office space. A separate 3,750-square-foot storage shed is also available. The warehouse features 15 dock-high doors, one ramp, six pit levelers, nine edge-of-dock levelers and dock seals, and six center trench drains. Efficient operations are supported by two 24-foot high-velocity low-speed (HVLS) ceiling fans and a whole-warehouse diesel generator. Ceiling heights vary throughout the building. Strategically located just off I-69C, a major north-south artery in Texas, and ¾ miles west of the intersection of I-69C and Russell Road (also known as 215 W Mile 17 1/2 North Rd), this property provides unparalleled access to key transportation routes, making it ideal for businesses requiring efficient logistics and temperature-controlled storage solutions. The property's design is well-suited for packing, processing, and cold storage needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1602
    Latitude
    26.3238

    Comparable in this City

    • Value Estimation
      $4,575,000
      42,297 SF

      1321 Frontera Rd

      COLD STORAGE • 42,297 SF
      1321 Frontera Rd, Edinburg, TX 78541-2585
      View Details
    • Value Estimation
      $3,265,000
      35,984 SF

      721 Schunior St

      COLD STORAGE • 35,984 SF
      721 Schunior St, Edinburg, TX 78541-2611
      View Details
    • Value Estimation by Request

      32906 Fm 681

      Distribution properties
      32906 Fm 681, Edinburg, TX 78541
      View Details
    • Value Estimation by Request
      10.30 Acres

      9 1/2 W Trosper Rd

      Distribution properties • 10.30 Acres
      9 1/2 W Trosper Rd, Linn, TX 78541
      View Details
    • Value Estimation by Request
      10.21 Acres

      12431 Ware Rd

      Distribution properties • 10.21 Acres
      12431 Ware Rd, Linn, TX 78541
      View Details
    • Value Estimation
      $4,500,000
      53,659 SF

      1018 Closner Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 53,659 SF
      1018 Closner Blvd, Edinburg, TX 78541-2554
      View Details

    Similar Nearby for Sale

    • $2,800,000
      25,000 SF

      Edinburg Industrial Warehouse Opportunity

      25,000 SF warehouse ideal for logistics, manufacturing, or distribution.
      835 W Chapin St, Edinburg, TX 78541
      View Details
    • Contact for pricing

      Warehouse and Office on Large Lot

      Commercial property with warehouse, office, and expansion potential.
      1222 N Closner Blvd, Edinburg, TX 78541
      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 Blvd, Edinburg, TX 78541
      View Details
    • Contact for pricing
      24,116 SF

      Edinburg Industrial Property with Expansion

      24,116 SF industrial property on 8.41 acres for sale.
      600 Independence Dr, Edinburg, TX 78541
      View Details
    • Contact for pricing
      30,700 SF

      Edinburg Flex Compound For Sale

      30,700 SF flex compound on 5.79 acres in Edinburg, TX.
      501 East Monte Cristo Rd, Edinburg, TX 78541
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Edinburg Industrial Single Tenant Space

      99,550 SqFt industrial space available for single tenant use.
      1010 E Chapin St, Edinburg, TX 78541
      View Details
    • $25,000
      24,692 SF

      Edinburg Industrial Warehouse Opportunity

      25,000 SF warehouse with dock-high loading bays and office space.
      835 W Chapin St, Edinburg, TX 78541
      View Details
    • $3,000 /Mo
      7,760 SF

      Spacious Warehouse with Residential House

      Warehouse and house on 3.17 acres near McAllen.
      32906 West Fm 681, Edinburg, TX 78541
      View Details
    • Contact for pricing

      Edinburg Storage Yard Land

      Fenced storage yard land available for lease in Edinburg, TX.
      1714 N Closner Blvd, Edinburg, TX 78541
      View Details
    • $3,000 /Mo
      6,800 SF

      Downtown Edinburg Office Space Available

      Prime office spaces for lease in historic downtown Edinburg.
      200 N 12Th Ave, Edinburg, TX 78541
      View Details
    • $24 SF/Yr
      1,725 SF

      Retail Space Available For Rent

      Retail space available for lease in Edinburg, Texas.
      1816 S Mccoll Rd, Edinburg, TX 78541
      View Details
    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.
    215 Mile 17 1/2
    Edinburg, TX 78541
    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
    215 Mile 17 1/2, Edinburg, TX, 78541
    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!