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    1618 Tampa St Edinburg, TX 78541

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    1618 Tampa St Edinburg, TX 78541

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    • Quadplexes
    • 3,784 SF
    Off-Market
    Property ID
    US82-2964261
    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

    • Quadplexes

    Property Details for 1618 Tampa St

    Year built
    2004
    Property size
    3,784 SF
    Property type
    Quadplexes

    Description

    Prime Investment Opportunity in Edinburg, Texas! This well-maintained fourplex, located in a highly sought-after area, offers an excellent return on investment. Freshly painted inside and out. Each of the four units features 2 spacious bedrooms and 2 full bathrooms, providing comfortable living spaces that attract and retain tenants. All units currently occupied. The property is situated in a thriving neighborhood close to schools, shopping centers, dining, and major highways, making it a convenient and desirable location for tenants. Whether you’re looking to expand your portfolio or start your real estate journey, this fourplex is a must-see! Don’t miss out on this prime property in Edinburg.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.189612
    Latitude
    26.3222972

    Comparable in this City

    • Contact for pricing
      1,008 SF

      Edinburg Fourplex: Investment Opportunity

      Fourplex in Edinburg near schools, shopping, dining, and recreation.
      907 N Clarence Ave, Edinburg, TX 78541
      View Details
    • Contact for pricing
      3,536 SF

      Edinburg Fourplex Investment Opportunity

      Four 2-bed, 2-bath units near University, fully occupied.
      1504 Prosperity Dr, Edinburg, TX 78541
      View Details
    • Contact for pricing
      4,432 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained fourplex in Edinburg, built in 2016.
      214 Fig Dr, Edinburg, TX 78541
      View Details
    • $499,000
      4,200 SF

      Edinburg Fourplex: Turnkey Investment

      Modern, fully leased fourplex near UTRGV in Edinburg, Texas.
      2802 Primrose Ave, Edinburg, TX 78541
      View Details
    • $460,000
      4,032 SF

      Edinburg Fourplex Investment Opportunity

      Fourplex in Edinburg near UTRGV, shopping, and restaurants.
      3702 W Zelma St, Edinburg, TX 78541
      View Details
    • New
      $335,000
      4,320 SF

      Edinburg Fourplex Near UTRGV

      Four-unit property near UTRGV with modern amenities and updates.
      1410 Phoenix St, Edinburg, TX 78541
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,008 SF

      Edinburg Fourplex: Investment Opportunity

      Fourplex in Edinburg near schools, shopping, dining, and recreation.
      907 N Clarence Ave, Edinburg, TX 78541
      View Details
    • Contact for pricing
      3,536 SF

      Edinburg Fourplex Investment Opportunity

      Four 2-bed, 2-bath units near University, fully occupied.
      1504 Prosperity Dr, Edinburg, TX 78541
      View Details
    • Contact for pricing
      4,432 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained fourplex in Edinburg, built in 2016.
      214 Fig Dr, Edinburg, TX 78541
      View Details
    • $499,000
      4,200 SF

      Edinburg Fourplex: Turnkey Investment

      Modern, fully leased fourplex near UTRGV in Edinburg, Texas.
      2802 Primrose Ave, Edinburg, TX 78541
      View Details
    • $460,000
      4,032 SF

      Edinburg Fourplex Investment Opportunity

      Fourplex in Edinburg near UTRGV, shopping, and restaurants.
      3702 W Zelma St, Edinburg, TX 78541
      View Details
    • New
      $335,000
      4,320 SF

      Edinburg Fourplex Near UTRGV

      Four-unit property near UTRGV with modern amenities and updates.
      1410 Phoenix St, Edinburg, TX 78541
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      7,760 SF

      Spacious Warehouse with Residential House

      Warehouse and house on 3.17 acres near McAllen.
      32906 West Fm 681, Edinburg, TX 78541
      View Details
    • Contact for pricing

      Edinburg Industrial Single Tenant Space

      99,550 SqFt industrial space available for single tenant use.
      1010 E Chapin St, Edinburg, TX 78541
      View Details
    • Contact for pricing

      Edinburg Storage Yard Land

      Fenced storage yard land available for lease in Edinburg, TX.
      1714 N Closner Blvd, Edinburg, TX 78541
      View Details
    • New
      $3,000 /Mo
      6,800 SF

      Downtown Edinburg Office Space Available

      Prime office spaces for lease in historic downtown Edinburg.
      200 N 12Th Ave, Edinburg, TX 78541
      View Details
    • $25,000
      24,692 SF

      Edinburg Industrial Warehouse Opportunity

      25,000 SF warehouse with dock-high loading bays and office space.
      835 W Chapin St, Edinburg, TX 78541
      View Details
    • $24 SF/Yr
      1,725 SF

      Retail Space Available For Rent

      Retail space available for lease in Edinburg, Texas.
      1816 S Mccoll Rd, Edinburg, TX 78541
      View Details
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    Edinburg, TX 78541
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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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    1618 Tampa St, Edinburg, TX, 78541

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