Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3320 University Dr Edinburg, TX 78539

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3320 University Dr Edinburg, TX 78539

    View on Map
    • Commercial real estate
    • 2,132 SF
    • 1.88 lot acres
    For Sale
    $765,000
    View Listing →
    Edinburg Commercial Property - 2 Acres For Sale
    $765,000
    2,132 SF

    Edinburg Commercial Property - 2 Acres

    High-traffic location, workshop, 3/1 home. Great investment!

    Alton, TX 78539
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3320 University Dr

    Year built
    1978
    Lot size
    1.88 lot acres
    Property size
    2,132 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.132-square-foot commercial property, situated on a generous 1.88-acre lot at 3320 W University Drive in Edinburg, Texas, presents a unique investment opportunity. The property boasts high visibility due to its location on a major thoroughfare in a rapidly developing area of the Rio Grande Valley. The existing improvements include a substantial workshop, ideal for various commercial uses, and a three-bedroom, one-bathroom residence, offering immediate occupancy potential or the option for employee housing. The expansive lot size allows for significant flexibility in future development plans, catering to a wide range of commercial or residential projects. The property's prime location and existing structures combine to create a compelling proposition for investors seeking a high-return asset in a thriving market. The asking price is $765,000. This is a rare opportunity to acquire a substantial property in a high-demand area, offering immediate income potential and significant long-term growth prospects. Don't miss out on this exceptional investment opportunity.

    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
    -98.1974
    Latitude
    26.3063

    Comparable in this City

    • Value Estimation by Request

      5001 Sugar Rd

      Land
      5001 Sugar Rd, Edinburg, TX 78539
      View Details
    • Value Estimation by Request

      101 Dawson Dr

      Land
      101 Dawson Dr, Edinburg, TX 78539
      View Details
    • Value Estimation by Request

      5001 Sugar Rd

      Land
      5001 Sugar Rd, Edinburg, TX 78539
      View Details
    • Value Estimation by Request

      4138 Crosspoint Blvd

      Land
      4138 Crosspoint Blvd, Edinburg, TX 78539
      View Details
    • Value Estimation by Request

      302 19Th Ave

      Land
      302 19Th Ave, Edinburg, TX 78539
      View Details
    • Value Estimation by Request

      5001 Sugar Rd

      Land
      5001 Sugar Rd, Edinburg, TX 78539
      View Details

    Similar Nearby for Sale

    • $765,000
      2,132 SF

      Edinburg Commercial Property - 2 Acres

      High-traffic location, workshop, 3/1 home. Great investment!
      3320 University Dr, Edinburg, TX 78539
      View Details
    • $360,000
      960 SF

      Downtown Edinburg Retail Space

      High-visibility retail space with apartment.
      711 University Dr, Edinburg, TX 78539
      View Details
    • $349,000

      Edinburg 4-Plex Investment Opportunity

      Four-unit apartment building, great location, high occupancy.
      1902 Jason Ave, Edinburg, TX 78539
      View Details
    • Contact for pricing
      4,198 SF

      Remodeled Office Building Near Courthouse

      Prime office space for sale near Hidalgo County Courthouse.
      116 12Th Ave, Edinburg, TX 78539
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,858 SF

      Edinburg Commercial Land Opportunity

      Prime Edinburg location, renovated office suite.
      216 Cano St, Edinburg, TX 78539
      View Details
    • $24 SF/Yr
      14,386 SF

      Owassa Lake Office Park Investment

      Prime Edinburg Office Space, Flexible Layout
      505 Owassa Rd, Edinburg, TX 78539
      View Details
    • $28 SF/Yr
      1,858 SF

      Edinburg Commercial Office Suite

      Prime Edinburg Office Space Available
      216 Cano St, Edinburg, TX 78539
      View Details
    • $26 SF/Yr
      1,300 SF

      Edinburg Commercial Land Opportunity

      Prime 2.29-acre lot, high visibility.
      2500 Trenton Rd, Edinburg, TX 78539
      View Details
    • Contact for pricing

      Prime Edinburg Office Building Site

      Located off University Dr near McColl Rd in Edinburg, TX.
      2310 W University Dr, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      1,200 SF

      Edinburg Shopping Center For Lease

      30,030 SF shopping center on 4.61 acres available.
      3911-3937 S Mccoll Rd, Edinburg, TX 78539
      View Details
    View Listing
    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.
    3320 University Dr
    Edinburg, TX 78539
    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

    3320 University Dr, Edinburg, TX, 78539

    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!