Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1724 University Dr Edinburg, TX 78542

    • Grocery and convenience stores
    • 136 SF
    • 0.36 lot acres
    For Sale
    View listing
    $535,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1699035
    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

    • Grocery and convenience stores

    Property Details for 1724 University Dr

    Year built
    2005
    Lot size
    0.36 lot acres
    Property size
    136 SF
    Property type
    Grocery and convenience stores
    APN
    W0259-00-000-001A-00
    APU
    W025900000001A00

    Description

    This exceptional 7,099.84 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of Edinburg, Texas. Located at 1724 E University Drive, this 2023-built property enjoys a highly visible position near the intersection of Highway 281 and State Highway 107 (E University Dr), ensuring significant exposure to a large volume of daily traffic. The strategic location places the property in close proximity to established national retailers such as McDonald's, Whataburger, and Walgreens, as well as the University of Texas Rio Grande Valley (UTRGV), guaranteeing a consistent flow of potential customers and employees. The property's zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses. The asking price is $535,000. This represents a unique chance to acquire a well-situated, newly constructed commercial land parcel in a rapidly growing area with high potential for return on investment. The property's prime location and proximity to major thoroughfares and established businesses make it an ideal choice for investors seeking a strong foothold in the vibrant Edinburg commercial market. The lot size provides ample space for development, offering flexibility in design and functionality to suit diverse commercial needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1798
    Latitude
    26.3028
    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
    $6,189
    $181,076
    $56,582
    $237,658
    -
    $181,076
    $56,582
    $237,658

    Comparable in this City

    • Value Estimation
      $10,090,000
      91,918 SF

      901 Trenton Rd

      GROCERY, SUPERMARKET • 91,918 SF
      901 Trenton Rd, Edinburg, TX 78539
      View Details
    • Value Estimation
      $500,000
      4,010 SF

      2204 Trenton Rd

      CONVENIENCE STORE • 4,010 SF
      2204 Trenton Rd, Edinburg, TX 78539-3044
      View Details
    • Value Estimation
      $695,000
      10,400 SF

      1603 University Dr, Unit 27

      CONVENIENCE STORE • 10,400 SF
      1603 University Dr, Edinburg, TX 78539-2827
      View Details
    • Value Estimation by Request
      3,560 SF

      4120 Business Hwy 281

      CONVENIENCE STORE • 3,560 SF
      4120 Business Hwy 281, Edinburg, TX 78539-8800
      View Details
    • Value Estimation
      $530,000
      4,836 SF

      1218 Canton Rd

      CONVENIENCE STORE • 4,836 SF
      1218 Canton Rd, Edinburg, TX 78539-7170
      View Details
    • Value Estimation by Request
      2,400 SF

      1402 University Dr

      CONVENIENCE STORE • 2,400 SF
      1402 University Dr, Edinburg, TX 78539-3710
      View Details

    Similar Nearby for Sale

    • $299,000
      2,000 SF

      Edinburg Commercial Unit For Sale

      Downstairs commercial unit with month-to-month lease in Edinburg, TX.
      506 Closner Blvd, Edinburg, TX 78539
      View Details
    • $1,957,000
      3,704 SF

      Edinburg Retail Property For Sale

      Retail property in Edinburg, TX with long-term tenant.
      4620 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $279,000
      2,000 SF

      Updated Retail Unit For Sale

      Updated interior retail unit for sale in Edinburg, TX.
      524 S Closner Blvd, Edinburg, TX 78539
      View Details
    • $825,000
      6,000 SF

      Edinburg Commercial Portfolio For Sale

      Commercial portfolio in Edinburg, near Hidalgo County courthouse.
      506 526B, Edinburg, TX 78539
      View Details
    • $450,000
      0.92 Acres

      Prime Commercial Development Opportunity

      Highly visible corner lot ideal for various commercial uses.
      801 W Sprague St, Edinburg, TX 78539
      View Details
    • $269,000
      Pending

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano St, Edinburg, TX 78539
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      8,816 SF

      High-Exposure Retail Center on McColl

      New retail center with high visibility and versatile suite configurations.
      931 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      1,200 SF

      Retail Space Near Walmart

      Retail spaces available in shadow-anchored development near Walmart.
      3937 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $1.50 SF/Yr
      9,976 SF

      Retail/Office Space For Lease

      Ideal for retail, office, medical, or professional service users.
      2104 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      30,030 SF

      Retail Space Near Walmart

      Retail spaces available in shadow-anchored development near Walmart.
      4017 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      1,100 SF

      Retail Space Near Walmart

      Retail spaces available in shadow-anchored development near Walmart.
      4019 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • $1.50 SF/Yr
      1,850 SF

      End Cap Space with Drive-Thru

      1,850 SF end cap space with drive-thru available for lease.
      301 Conquest, Edinburg, TX 78539
      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.
    1724 University Dr
    Edinburg, TX 78542
    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.