Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    502 Edinburg St Marfa, TX 79843
    Back to Search
    Property profile & analytics

    502 Edinburg St, Marfa, TX 79843

    View on Map
    • Mixed-use properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 502 Edinburg St

    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional Marfa, Texas property presents a compelling redevelopment opportunity. Priced at $350,000, this unique offering encompasses two oversized lots totaling between 9,000 and 10,000 square feet, situated on a corner lot at a prime location on a main thoroughfare. The property includes a charming adobe building featuring nine rooms, an attached garage with additional storage space, and a carport. Its strategic location offers significant advantages. The property sits directly across the street from the popular Waterstop restaurant and next to a winery, ensuring high visibility and foot traffic. The existing structure, while possessing character, allows for a variety of uses, making it ideal for adaptive reuse. The permitted commercial zoning opens doors to diverse possibilities, including a vacation rental, artist studio, gallery, retail space, or a mixed-use development. This one-of-a-kind property, with its two buildings and one pad, presents a rare chance to capitalize on Marfa's vibrant and growing market. The alley access behind the property adds to its functionality and potential. This is a must-see for investors seeking a unique and high-potential commercial venture in a desirable location. The property is zoned for commercial use and offers significant upside for the right buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marfa
    County
    Presidio
    State
    Texas
    Longitude
    -104.034
    Latitude
    30.3059

    Comparable in this City

    • Value Estimation by Request

      81 Quartermaster Addition

      Land
      81 Quartermaster Addition, Marfa, TX 79843
      View Details
    • Value Estimation by Request
      4.06 Acres

      Marfa, TX 79843

      COMMERCIAL (GENERAL)
      Marfa, TX 79843
      View Details
    • Value Estimation by Request
      840 SF

      118 El Paso St

      COMMERCIAL (GENERAL)
      118 El Paso St, Marfa, TX 79843
      View Details
    • Value Estimation by Request
      1,820 SF

      Marfa, TX 79843

      COMMERCIAL (GENERAL)
      Marfa, TX 79843
      View Details
    • Value Estimation by Request
      1,240 SF

      Marfa, TX 79843

      COMMERCIAL (GENERAL)
      Marfa, TX 79843
      View Details
    • Value Estimation by Request
      1,086 SF

      504 San Antonio

      COMMERCIAL (GENERAL)
      504 San Antonio, Marfa, TX 79843
      View Details

    Similar Nearby for Sale

    • $865,000
      17,684 SF

      Marfa Commercial Property For Sale

      Mixed-use property in Marfa, Texas with commercial and residential potential.
      310 San Antonio St, Marfa, TX 79843
      View Details
    • $1,100,000
      4,697 SF

      Multi-Use Complex in Marfa, TX

      Three-building complex with five units on 0.31 acres.
      407-409 W San Antonio St, Marfa, TX 79843
      View Details
    • $750,000
      1,512 SF

      Downtown Live-Work Storefront Building

      Live-work storefront with 13'6" ceilings, loft bedroom buildout, and a private landscaped garden with patio.
      124 E El Paso St, Marfa, TX 79843
      View Details
    • $749,000
      9,830 SF

      Mixed-Use Property with Highway Frontage

      Well-maintained mixed-use building with frontage on Hwy 90 and a private yard area at the rear.
      903-905 W San Antonio St, Marfa, TX 79843
      View Details
    • $119,000

      Blank Canvas in Marfa

      Design your dream desert escape in Marfa, Texas.
      1005 N Gonzales St, Marfa, TX 79843
      View Details
    • $500,000
      2,548 SF

      Marfa Quadplex in Avant Neighborhood

      Multifamily zoned quadplex in Marfa, Texas, built in 2006.
      400 E 1 St, Marfa, TX 79843
      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.
    502 Edinburg St
    Marfa, TX 79843
    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
    502 Edinburg St, Marfa, TX, 79843
    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!