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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    508 Closner Blvd Edinburg, TX 78539-4660

    • Medical offices
    • 2,003 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    9.9%
    Medical offices
    Location Intelligence
    Property ID
    US82-4132328
    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

    • Medical offices

    Property Details for 508 Closner Blvd

    Year built
    2002
    Lot size
    0.09 lot acres
    Property size
    2,003 SF
    Zone code
    CO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    A2663-00-000-00A4-00
    APU
    A26630000000A400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $455,000
      7%
      $425,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $185,000
      Current use
      AUTO REPAIR, GARAGE
      $235,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $225,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $200,000
      Change: +7% Conversion: Easy
      OFFICE BUILDING
      $195,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1626
    Latitude
    26.2969
    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
    $4,148
    $37,622
    $121,657
    $159,279
    -
    $37,622
    $121,657
    $159,279

    Comparable in this City

    • Value Estimation
      $920,000
      29,038 SF

      2655 Cornerstone Blvd

      MEDICAL BUILDING • 29,038 SF
      2655 Cornerstone Blvd, Edinburg, TX 78539-8479
      View Details
    • Value Estimation
      $980,000
      85,717 SF

      5520 Leonardo Da Vinci

      MEDICAL BUILDING • 85,717 SF
      5520 Leonardo Da Vinci, Edinburg, TX 78539-1422
      View Details
    • Value Estimation
      $295,000
      3,150 SF

      5109 Mccoll Rd

      MEDICAL BUILDING • 3,150 SF
      5109 Mccoll Rd, Edinburg, TX 78539-8278
      View Details
    • Value Estimation
      $275,000
      2,967 SF

      2123 Cornerstone Blvd

      MEDICAL BUILDING • 2,967 SF
      2123 Cornerstone Blvd, Edinburg, TX 78539-8301
      View Details
    • Value Estimation
      $330,000
      3,000 SF

      4836 Jackson Rd

      MEDICAL BUILDING • 3,000 SF
      4836 Jackson Rd, Edinburg, TX 78539-6569
      View Details
    • Value Estimation
      $290,000
      3,863 SF

      404 Veterans Blvd Ste A

      MEDICAL BUILDING • 3,863 SF
      404 Veterans Blvd Ste A, Edinburg, TX 78539-4721
      View Details

    Similar Nearby for Sale

    • $899,000
      Pending

      Edinburg Medical Office For Sale

      4,800 sq ft medical office in Cornerstone Medical Park.
      2401 Cornerstone Blvd, Edinburg, TX 78539
      View Details
    • New
      $450,000
      0.92 Acres

      Prime Commercial Development Opportunity

      Highly visible corner lot ideal for retail, office, or restaurant.
      801 W Sprague St, Edinburg, TX 78539
      View Details
    • $1,007,125
      5,755 SF

      Crosspoint Medical Office Center

      Edinburg, TX Medical Office Building - $1M+
      4138 Crosspoint Blvd, Edinburg, TX 78539
      View Details
    • $550,000
      2,948 SF

      Crosspoint Business Center: Edinburg, TX

      Prime Office Building, 2,948 SF, High Traffic Area
      4162 Crosspoint 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
    • $625,000
      1 SF

      Edinburg Office Space For Sale

      Office property for sale in a high-traffic, developing area.
      1120 S Closner Blvd, Edinburg, TX 78539
      View Details

    Similar Nearby for Lease

    • $12,304 /Mo
      5,858 SF

      Cornerstone Medical Park

      Cornerstone Medical Park For Lease
      2800 W. Trenton Road 2810A, Edinburg, TX 78539
      View Details
    • $18,200 /Mo
      6,726 SF

      Cornerstone Medical Park For Lease

      Cornerstone Medical Park For Lease
      2800 W. Trenton Road 2810, Edinburg, TX 78539
      View Details
    • $18 SF/Yr
      10,224 SF

      Edinburg Office Building For Sale

      Prime Edinburg Office, Multi-Tenant Potential
      4901 Mccoll Rd, Edinburg, TX 78539
      View Details
    • $24 SF/Yr
      14,386 SF

      Owassa Lake Office Park Investment

      Prime Edinburg Office Space, Flexible Layout
      505 Owassa Rd, Edinburg, TX 78539
      View Details
    • $24 SF/Yr
      36,480 SF

      Sugar Business Park: Medical Office

      Modern Medical Office Suites in Edinburg, TX
      5001 Sugar Rd, Edinburg, TX 78539
      View Details
    • $3,950 /Mo
      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
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    Edinburg, TX 78539-4660
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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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