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    3118 Center Point Dr Edinburg, TX 78539

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    3118 Center Point Dr Edinburg, TX 78539

    View on Map
    • Office buildings
    • 15,750 SF
    • 1.53 lot acres
    For Lease
    $1.75 SF/Yr
    View Listing →
    Edinburg Office Space For Rent For Lease
    $1.75 SF/Yr
    3,187 SF

    Edinburg Office Space For Rent

    Office space near hospitals and shopping, high traffic area.

    3118 Center Point Dr, Edinburg, TX
    View Listing
    Property ID
    US82-3399055
    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

    • Office buildings

    Property Details for 3118 Center Point Dr

    Year built
    2003
    Lot size
    1.53 lot acres
    Property size
    15,750 SF
    Property type
    Office buildings
    APN
    C2672-00-007-0002-00
    APU
    C267200007000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,029,000
      Market price range: $1.02M - $2.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,525,000
      Current use
      AUTO REPAIR, GARAGE
      $1,865,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $1,770,000
      Change: +16% Conversion: Moderate
      RESTAURANT
      $1,715,000
      Change: +13% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,560,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $1,455,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2055
    Latitude
    26.2566
    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
    $49,041
    $881,892
    $1,001,391
    $1,883,283
    -
    $881,892
    $1,001,391
    $1,883,283

    Comparable in this City

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    • Value Estimation
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      23,268 SF

      2202 Cornerstone Blvd

      OFFICE BUILDING • 23,268 SF
      2202 Cornerstone Blvd, Edinburg, TX 78539-0907
      View Details
    • Value Estimation
      $3,445,000
      23,284 SF

      3111 Freddy Gonzalez Dr, Unit 3227

      OFFICE BUILDING • 23,284 SF
      3111 Freddy Gonzalez Dr, Edinburg, TX 78539-8897
      View Details
    • Value Estimation by Request
      720 SF

      1714 Irongate Dr

      OFFICE BUILDING • 720 SF
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    • Value Estimation
      $3,965,000
      27,531 SF

      401 Jackson Rd

      OFFICE BUILDING • 27,531 SF
      401 Jackson Rd, Edinburg, TX 78539-3999
      View Details
    • Value Estimation by Request
      384 SF

      Mccoll Rd

      OFFICE BUILDING • 384 SF
      Mccoll Rd, Edinburg, TX 78539
      View Details

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      4,198 SF

      Remodeled Office Building Near Courthouse

      Prime office space for sale near Hidalgo County Courthouse.
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      4,198 SF

      Remodeled Office Building Near Courthouse

      Prime office space with immediate income potential in Edinburg, TX.
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      Edinburg Commercial Portfolio For Sale

      Commercial portfolio in Edinburg, near Hidalgo County courthouse.
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    • Contact for pricing
      3,100 SF

      Edinburg Commercial Opportunity

      Prime commercial opportunity in Edinburg on a high-traffic corner lot.
      520 E Cano St, Edinburg, TX 78539
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Dr, Edinburg, TX 78539
      View Details
    • $899,000
      Pending

      Medical Office in Edinburg

      4,800 sq ft medical office in Cornerstone Medical Park.
      2401 Cornerstone Blvd, Edinburg, TX 78539
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Edinburg Professional Office Building

      Three-story office building in a prime Edinburg location.
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      View Details
    • $12,304 /Mo
      5,858 SF

      Cornerstone Medical Park

      Cornerstone Medical Park For Lease
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      View Details
    • Contact for pricing

      Office Suite Near Doctors Hospital

      Multi-use office suite near DHR Hospital with convenient access.
      5405 S Mccoll Rd, Edinburg, TX 78539
      View Details
    • Contact for pricing

      Edinburg Office Space Available

      Single tenant office space available for rent in Edinburg.
      505 W Owassa Rd, Edinburg, TX 78539
      View Details
    • Contact for pricing
      3,000 SF

      Edinburg Office Space For Lease

      3,000 SF office space available for lease.
      2505-2533 W Trenton Rd, Edinburg, TX 78539
      View Details
    • $1.30 SF/Yr

      Free-Standing Building Near DHR Hospital

      4,330 SF building suitable for retail, office, or daycare.
      1939 West Owassa Rd, Edinburg, TX 78539
      View Details
    View Listing
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    Edinburg, TX 78539
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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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