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

    1308 S Tower Rd Edinburg, TX 78542

    • Drive through restaurants
    • 1,104 SF
    • 0.50 lot acres
    For Sale
    View listing
    $230,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7638048
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1308 S Tower Rd

    Year built
    2006
    Lot size
    0.50 lot acres
    Property size
    1,104 SF
    Zone code
    CO
    Property type
    Drive through restaurants
    APN
    T6353-00-000-0010-00
    APU
    T635300000001000

    Description

    This exceptional commercial property, located at 1308 S Tower Road in Edinburg, Texas, presents a compelling investment opportunity. The 1,104 square foot building sits on a half-acre lot, providing ample space for expansion and future development. Its strategic location on Tower Road, near Highway 107, ensures high visibility and accessibility, making it ideal for a variety of commercial uses. Currently configured as a restaurant, the property boasts a fully fenced perimeter, enhancing security and providing a defined space. The property's existing infrastructure offers a solid foundation for a new owner to capitalize on its potential. The convenient location near a major thoroughfare promises significant foot and vehicle traffic, translating to increased customer reach and potential revenue generation. This turnkey operation presents a rare chance to acquire a well-situated commercial property in a thriving area. The half-acre lot offers significant room for expansion, allowing for the addition of outdoor seating, parking, or even the construction of additional buildings. This property is ready for immediate occupancy and presents a strong return on investment for a discerning buyer. Don't miss this chance to own a piece of Edinburg's vibrant commercial landscape. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $224,000
      Market price range: $104k - $259k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $290,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0941
    Latitude
    26.2792
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,901
    $90,441
    $51,668
    $142,109
    -
    $90,441
    $51,668
    $142,109

    Comparable in this City

    • Value Estimation
      $335,000
      1,800 SF

      2411 Alamo Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,800 SF
      2411 Alamo Rd, Edinburg, TX 78542-3259
      View Details
    • Value Estimation
      $260,000
      935 SF

      2963 Canton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 935 SF
      2963 Canton Rd, Edinburg, TX 78542
      View Details
    • Value Estimation
      $300,000
      516 SF

      3808 Tower Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 516 SF
      3808 Tower Rd, Edinburg, TX 78542
      View Details
    • Value Estimation
      $275,000
      840 SF

      8404 State Hwy 107

      DRIVE-THRU RESTAURANT, FAST FOOD • 840 SF
      8404 State Hwy 107, Edinburg, TX 78542-1716
      View Details
    • Value Estimation
      $495,000
      12,070 SF

      8420 Expy 281

      DRIVE-THRU RESTAURANT, FAST FOOD • 12,070 SF
      8420 Expy 281, Edinburg, TX 78542-2281
      View Details
    • Value Estimation
      $325,000
      1,804 SF

      1721 University Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,804 SF
      1721 University Dr, Edinburg, TX 78542-3819
      View Details

    Similar Nearby for Sale

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      Commercial property with restaurant, conveniently located near 107.
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    • $600,000
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      Edinburg Commercial Property - 4.81 Acres

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      Edinburg Restaurant & Land Sale

      Prime Edinburg location, high potential.
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    Similar Nearby for Lease

    • $2,025 /Mo
      1,125 SF

      New Commercial Space in Edinburg

      Brand-new commercial space with high visibility and endless potential.
      2205 S Alamo Rd, Edinburg, TX 78542
      View Details
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      New Commercial Space in Edinburg

      Brand-new commercial space with excellent visibility and endless potential.
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      View Details
    • $2,400 /Mo
      961 SF

      Retail Space in High-Traffic Area

      New retail spaces in a thriving Edinburg location for rent.
      901 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $2,400 /Mo
      961 SF

      Retail Space in Edinburg, TX

      New retail spaces in high-traffic Edinburg location near schools.
      901 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $2,400 /Mo
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      Retail Space in High-Traffic Area

      New retail spaces in a thriving North Edinburg location.
      901 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $2,400 /Mo
      961 SF

      Retail Space in High-Traffic Area

      New commercial plaza with premium retail spaces in North Edinburg.
      901 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
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    Edinburg, TX 78542
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    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
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