Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1575 N Wallace Rd N Edinburg, TX 78541
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1575 N Wallace Rd N Edinburg, TX 78541

    View on Map
    • Warehouses
    • 12,600 SF
    • 23.96 lot acres
    For Sale
    $5,500,000
    View Listing →
    Prime Corner Land in Edinburg For Sale
    $5,500,000
    24.15 Acres

    Prime Corner Land in Edinburg

    High-traffic corner lot ideal for commercial or mixed-use development.

    1575 N Wallace Road N, Edinburg, TX 78541
    View Listing
    Property ID
    US82-8613403
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1575 N Wallace Rd N

    Lot size
    23.96 lot acres
    Property size
    12,600 SF
    Property type
    Warehouses
    APN
    B2600-00-00F-0001-00
    APU
    B26000000F000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,220,000
      Current use
      OFFICE BUILDING
      $1,400,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,350,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $1,320,000
      Change: +8% Conversion: Difficult
      RESTAURANT
      $1,310,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $1,165,000
      Change: -5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,030,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace Rd
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2604
    Latitude
    26.3533
    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
    $22,013
    $958,400
    $162,437
    $1,120,837
    -
    $958,400
    $162,437
    $1,120,837

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      2618 Pioneer Pkwy

      WAREHOUSE, STORAGE • 0.14 Acres
      2618 Pioneer Pkwy, Arlington, TX
      View Details
    • Value Estimation by Request
      0.84 Acres

      3525 Liston Ln

      WAREHOUSE, STORAGE • 0.84 Acres
      3525 Liston Ln, Fort Worth, TX
      View Details
    • Value Estimation
      $5,825,000
      88,970 SF

      Mcallen, TX

      WAREHOUSE, STORAGE • 88,970 SF
      Mcallen, TX
      View Details
    • Value Estimation
      $1,905,000
      16,440 SF

      Lubbock, TX

      WAREHOUSE, STORAGE • 16,440 SF
      Lubbock, TX
      View Details
    • Value Estimation by Request
      952 SF

      11724 Hicks Avondale School Rd

      WAREHOUSE, STORAGE • 952 SF
      11724 Hicks Avondale School Rd, Fort Worth, TX
      View Details
    • Value Estimation
      $10,670,000
      112,775 SF

      10520 Hurst Blvd

      MINI-WAREHOUSE, STORAGE • 112,775 SF
      10520 Hurst Blvd, Fort Worth, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      44,304 SF

      Weslaco Warehouse Space Available

      44,304 SF warehouse space in Weslaco, Texas.
      918 E Frontage Rd, Weslaco, TX
      View Details
    • Contact for pricing
      8,250 SF

      Lubbock Industrial Investment Property

      8,250 SF industrial building 100% leased through May 2029.
      8912 Cr 6835, Lubbock, TX
      View Details
    • Contact for pricing

      Freestanding Warehouse in Business Park

      Located in deed-restricted business park, less than half mile from freeway.
      4725 Business Park Dr, Rosenberg, TX
      View Details
    • Contact for pricing
      767,520 SF

      Large Industrial Building For Sale

      767,520 SF industrial building with cross-dock configuration.
      2193 Discovery Hl Pkwy, Pattison, TX
      View Details
    • Contact for pricing
      11,700 SF

      Remodeled Office and Warehouse Space

      Remodeled office and warehouse on fenced 7-acre lot.
      1809 Hwy 114 W, Levelland, TX
      View Details
    • Contact for pricing
      1,980 SF

      Industrial Property with Fenced Yard

      Flex space with office, shop, and fenced yard.
      1613 Tx-350, Big Spring, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,700 SF

      98,700 SF Warehouse Available

      98,700 SF warehouse with 18 dock doors for lease.
      16275 Tomball Pkwy, Houston, TX
      View Details
    • Contact for pricing
      2,499 SF

      Southwest Houston Business Park Space

      Flex, industrial, and warehouse space in master-planned Houston business park.
      5601-5750 Bintiff, Houston, TX
      View Details
    • Contact for pricing
      4,715 SF

      Garland Warehouse Space Available

      Warehouse space in Garland, TX, with concrete parking.
      11110 Petal St, Garland, TX
      View Details
    • Contact for pricing
      351,194 SF

      Fort Worth Warehouse Space Available

      Large industrial warehouse space available for lease in Fort Worth.
      2773 Tx-114, Fort Worth, TX
      View Details
    • $12 SF/Yr
      3,600 SF

      7,200 SF Flex Space Available

      Flex space with shop spaces and overhead doors for lease.
      6710 Yonkers Ave, Lubbock, TX
      View Details
    • $6,300 /Mo
      7,200 SF

      West Lubbock Office/Warehouse Space

      Versatile 7,200 SF office/warehouse in prime West Lubbock location.
      6615 Winfield Ave, Lubbock, TX
      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.
    1575 N Wallace Rd N
    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

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