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

    2704 La Paz St Edinburg, TX 78542

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8391369
    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

    • Commercial real estate

    Property Details for 2704 La Paz St

    Year built
    1994
    Property type
    Commercial real estate

    Description

    This exceptional commercial land opportunity presents a rare chance to acquire a substantial 21,780 square foot parcel in the thriving city of Edinburg, Texas. Located at 2704 La Paz Street, this property boasts a highly desirable location within Hidalgo County, offering excellent visibility and accessibility. The lot, built in 1994, is zoned for commercial use and presents a blank canvas for a variety of development projects. Its generous size provides ample space for construction, expansion, or redevelopment, making it an ideal investment for entrepreneurs and businesses seeking to establish a strong presence in the area. The asking price of $115,000 represents a compelling value for this significant land holding in a rapidly growing Texas market. The property's address is 2704 La Paz Street, Edinburg, TX 78542. This half-acre lot presents a unique opportunity to own rather than rent, offering significant long-term financial benefits. The property's location within Edinburg provides easy access to major transportation routes and a vibrant local economy. This is a prime opportunity to secure a valuable piece of commercial real estate in a dynamic and expanding Texas city. Don't miss out on this exceptional 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
    -98.1011347
    Latitude
    26.3210858

    Comparable in this City

    • $2,200,000
      8.64 Acres

      Edinburg Commercial Property

      8.64 Acres, Hwy Frontage, Owner Financing
      8909 Expwy 281, Edinburg, TX 78542
      View Details
    • $189,000
      4.18 Acres

      Edinburg Farm & Residential Land

      4.18 Acres, $189,000 - Texas
      26212 Brushline Rd, Edinburg, TX 78542
      View Details
    • $5,925,000
      27.20 Acres

      Edinburg Development Land - 27 Acres

      Prime 27-acre agricultural site, ideal for multi-family or energy storage.
      2841 Alberta Rd, Edinburg, TX 78542
      View Details
    • $480,000
      8.07 Acres

      Edinburg Residential Land - 8 Acres

      Prime 8-acre residential lot in Edinburg, TX.
      000 Simpson Rd, Edinburg, TX 78542
      View Details
    • $780,000
      9.70 Acres

      Edinburg Land: Prime Development Site

      9.7 Acres, Multi-Use Potential, High Growth Area
      00 Alberta Rd, Edinburg, TX 78542
      View Details
    • $1,190,000
      16.10 Acres

      Edinburg Residential Land - 16 Acres

      Prime 16-acre residential development site.
      5503 Cesar Chavez Rd, Edinburg, TX 78542
      View Details

    Similar Nearby for Sale

    • $250,000
      8.00 Acres

      8-Acre Edinburg Residential Land

      Prime Texas land, build your dream.
      0000 Skinner Rd, Edinburg, TX 78542
      View Details
    • $165,000

      Prime Edinburg Commercial Land

      High-traffic Hwy 69C lot, ready to build!
      11616 Ih 69C Hwy, Edinburg, TX 78542
      View Details
    • $199,900
      1.09 Acres

      Edinburg Commercial Land - 1.09 Acres

      Prime 1.09-acre lot, high traffic, development potential.
      0000 Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $185,000

      Edinburg Restaurant & Land Sale

      Turnkey Taqueria, High Traffic Area
      23935 Uresti Rd, Edinburg, TX 78542
      View Details
    • $265,000
      10.10 Acres

      Edinburg Residential Land - 10 Acres

      10.1-acre residential lot in Edinburg, TX.
      11 Brushline Rd, Edinburg, TX 78542
      View Details
    • $150,000

      High-Visibility Edinburg Commercial Land

      Prime TX location, high traffic, 10,500 sq ft lot.
      11612 Ih 69C, Edinburg, TX 78542
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $2 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $20 SF/Yr
      1,110 SF

      Prime Commercial Land, South Side

      High-traffic location, excellent visibility, 42,322 sq ft lot.
      4518 Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $16 SF/Yr
      2,520 SF

      Edinburg Executive Office Space

      Prime Edinburg Office, 2,520 sq ft
      2604 Richardson Rd, Edinburg, TX 78542
      View Details
    • $3 SF/Yr
      3,251 SF

      Edinburg Commercial Land for Lease

      Prime Edinburg location, 13,974 sq ft lot.
      8713 State Highway 107, Edinburg, TX 78542
      View Details
    • $15 SF/Yr
      800 SF

      Edinburg Commercial Land Opportunity

      Prime Edinburg land, single tenant, ample parking.
      8325 State Highway 107, Edinburg, TX 78542
      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.
    2704 La Paz St
    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.
    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.