Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1902 Jason Ave Edinburg, TX 78539

    • Small apartment buildings
    For Sale
    View listing
    $310,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3523394
    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

    • Small apartment buildings

    Property Details for 1902 Jason Ave

    Year built
    1993
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a four-unit apartment building ideally situated in Edinburg, Texas. The property, located at 1902 Jason Avenue, boasts a prime location, offering convenient access to the University of Texas Rio Grande Valley (UTRGV), a variety of shopping and dining options, fitness centers, and is directly across from a skate park, splash pad, and baseball field. Constructed in 1993, this single-building complex comprises four units, each featuring two bedrooms and one bathroom. Each unit is equipped with a washer, dryer, refrigerator, and stove, enhancing tenant appeal. Currently, the property enjoys 100% occupancy, underscoring its strong rental demand. Showings require advance scheduling and pre-approval letters due to the high occupancy rate. It's important to note that the seller is offering this property, along with two other four-plexes located at 1818 Jason Ave and 1820 Jason Ave, as a single, bundled transaction. The asking price for this specific property is $349,000. This presents a compelling opportunity for investors seeking a multi-unit property in a thriving Texas market. The property's strong location and current occupancy make it an attractive investment prospect.

    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
    -98.1829864
    Latitude
    26.2971049

    Comparable in this City

    • $463,000

      Edinburg TX Multifamily Investment

      Four-unit apartment complex, recently remodeled.
      1802 Norma Ln, Edinburg, TX 78539
      View Details
    • $230,000

      Edinburg Duplex: Prime Location

      Two-unit apartment building, excellent investment.
      913 Stubbs St, Edinburg, TX 78539
      View Details
    • $1,695,000
      14,025 SF

      Edinburg Multifamily Investment

      20-Unit Apartment Complex, High Occupancy
      1907 Jason Ave, Edinburg, TX 78539
      View Details
    • $375,000

      Edinburg 4-Plex Investment

      Four-unit apartment building, excellent rental income.
      2206 Kimberly Ln, Edinburg, TX 78539
      View Details
    • $349,000

      Edinburg 4-Plex Investment Opportunity

      Four-unit apartment building, great location.
      1820 Jason Ave, Edinburg, TX 78539
      View Details
    • $463,000

      Edinburg 4-Plex Investment Opportunity

      Four-unit apartment building, recently remodeled.
      1810 Norma Ln, Edinburg, TX 78539
      View Details

    Similar Nearby for Sale

    • $463,000

      Edinburg TX Multifamily Investment

      Four-unit apartment complex, recently remodeled.
      1802 Norma Ln, Edinburg, TX 78539
      View Details
    • $230,000

      Edinburg Duplex: Prime Location

      Two-unit apartment building, excellent investment.
      913 Stubbs St, Edinburg, TX 78539
      View Details
    • $1,695,000
      14,025 SF

      Edinburg Multifamily Investment

      20-Unit Apartment Complex, High Occupancy
      1907 Jason Ave, Edinburg, TX 78539
      View Details
    • $375,000

      Edinburg 4-Plex Investment

      Four-unit apartment building, excellent rental income.
      2206 Kimberly Ln, Edinburg, TX 78539
      View Details
    • $349,000

      Edinburg 4-Plex Investment Opportunity

      Four-unit apartment building, great location.
      1820 Jason Ave, Edinburg, TX 78539
      View Details
    • $463,000

      Edinburg 4-Plex Investment Opportunity

      Four-unit apartment building, recently remodeled.
      1810 Norma Ln, Edinburg, TX 78539
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      3,060 SF

      Edinburg Commercial Land Opportunity

      Prime 3.21-acre commercial lot, ample parking.
      5001 Sugar Rd, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      30,030 SF

      Trenton Town Center Retail Space

      Edinburg, TX Mixed-Use Retail Opportunity
      3911 Mccoll Rd, Edinburg, TX 78539
      View Details
    • $18 SF/Yr
      3,150 SF

      Center Pointe Drive Office Space

      Prime Office Endcap, 3,187 SF
      3118 Ctr Pointe Dr, Edinburg, TX 78539
      View Details
    • $32 SF/Yr
      1,780 SF

      University Drive Retail Spaces

      High-traffic retail spaces near UTRGV
      1657 University Dr, Edinburg, TX 78539
      View Details
    • Contact for pricing

      Fenced Storage Yard for Lease

      0.96 acre fenced storage yard available for lease.
      5119 S Business Highway 281, Edinburg, TX 78539
      View Details
    • $20 SF/Yr
      1,200 SF

      Retail Space Near Walmart

      Retail spaces available in shadow-anchored development near Walmart.
      3919 S Mccoll Rd, 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.
    1902 Jason Ave
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.