Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    6707 Solana Ave Edinburg, TX 78542

    • Land
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6707 Solana Ave

    Lot size
    0.50 lot acres
    Property type
    Land

    Description

    This exceptional 0.5-acre commercial lot is situated in the desirable Las Encinitas subdivision of Edinburg, Texas, conveniently located just north of Monte Cristo Road. The property boasts breathtaking views and a tranquil atmosphere, making it an ideal location for a variety of commercial ventures. Its elevated position offers enhanced visibility and a sense of exclusivity. The lot is ready for development, with a pre-installed septic system already in place. Utilities are readily available through North Alamo Water Supply and Magic Valley Electric, simplifying the construction process. The address is 6707 Solana Avenue, Edinburg, TX 78542, within Hidalgo County, and its precise coordinates are 26.332455 latitude and -98.084913 longitude. This prime piece of land presents a unique opportunity for investors and developers seeking a high-value location in a growing area. The asking price for this exceptional property is $94,000. Don't miss this chance to acquire this desirable commercial lot in a sought-after Edinburg neighborhood.

    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
    -98.0849
    Latitude
    26.3325

    Comparable in this City

    • Value Estimation by Request
      7.70 Acres

      8722 State Highway 107

      Land • 7.70 Acres
      8722 State Highway 107, Edinburg, TX 78542
      View Details
    • Value Estimation by Request

      8713 State Highway 107

      Land
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • Value Estimation by Request
      5.00 Acres

      15841 Mile 19 Rd

      Farms • 5.00 Acres
      15841 Mile 19 Rd, Edinburg, TX 78542
      View Details
    • Value Estimation by Request
      1.09 Acres

      0000 Raul Longoria Rd

      Land • 1.09 Acres
      0000 Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • Value Estimation by Request

      11616 Ih 69C Hwy

      Land
      11616 Ih 69C Hwy, Edinburg, TX 78542
      View Details
    • Value Estimation by Request
      11.30 Acres

      000 Iowa Rd

      Land • 11.30 Acres
      000 Iowa Rd, Edinburg, TX 78542
      View Details

    Similar Nearby for Sale

    • $475,000
      7.00 Acres

      7 Acres Land in Edinburg

      Unzoned 7-acre land parcel with survey and Alberta Ave access.
      7631 E Alberta Rd, Edinburg, TX 78542
      View Details
    • Contact for pricing

      Vista Bonita Ranches Land

      Land in gated Edinburg subdivision, owner financing available.
      2 N Brushline Rd, Edinburg, TX 78542
      View Details
    • Contact for pricing

      9.6 Acres Development Opportunity

      9.6-acre tract ideal for development in a growing area.
      00 N Fm 493, Edinburg, TX 78542
      View Details
    • $425,000
      6.28 Acres

      Edinburg Land with Private Lake

      Versatile 6.28-acre property with lake, well, and pier.
      Ingle Rd, Edinburg, TX 78542
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      800 SF

      Edinburg Commercial Land Opportunity

      Prime Texas land, 17,965 sq ft, 15 parking spaces.
      8325 State Highway 107, Edinburg, TX 78542
      View Details
    • $3 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $2 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $3 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $3 SF/Yr
      3,251 SF

      Prime Commercial Land for Lease

      13,974 sq ft lot, 17 parking spaces
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $18 SF/Yr
      800 SF

      Prime San Carlos Commercial Land

      17,965 sq ft lot, 15 parking spaces
      8325 State Highway 107, Edinburg, TX 78542
      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.
    6707 Solana Ave
    Edinburg, TX 78542
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!