600 Independence Dr Edinburg, TX 78542
Property profile & analytics
600 Independence Dr, Edinburg, TX 78542
- Warehouses
- 24,000 SF
- 8.41 lot acres
Property ID
US82-7944011
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 600 Independence Dr
- Year built
- 2003
- Lot size
- 8.41 lot acres
- Property type
- Warehouses
- APN
- N5140-00-000-0008-00
- APU
- N514000000000800
Description
This exceptional industrial property, located at 600 Independence Drive in Edinburg, Texas, presents a significant investment opportunity. The 24,115-square-foot warehouse sits on a substantial 8.41-acre lot, offering ample space for expansion and future development. Its strategic location next to a FedEx facility provides excellent logistical advantages. The existing warehouse boasts two truck-level loading docks and one ramped loading dock, ensuring efficient handling of goods. The entire warehouse space is climate-controlled, providing a comfortable and productive work environment. Beyond the warehouse itself, the property includes a well-appointed front office area. This area features a welcoming entrance lobby and waiting area, complemented by five private offices and two employee lounge areas. The expansive acreage and existing infrastructure make this property ideal for businesses seeking to establish a significant presence in the Edinburg market or for those looking to expand their existing operations. The property's size and location offer considerable potential for future growth and development, making it a highly attractive investment opportunity. The asking price is $2,500,000. This is a rare opportunity to acquire a substantial industrial property with significant expansion potential in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,950,000
- 6.5%
- $2,725,000
- 7%
- $2,530,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,495,000
Market price range: $764k - $2.83M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,835,000 Current use
- RETAIL STORES
- $3,600,000 Change: +96% Conversion: Moderate
- OFFICE BUILDING
- $3,560,000 Change: +94% Conversion: Difficult
- RESTAURANT
- $3,045,000 Change: +66% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,380,000 Change: +30% Conversion: Easy
- MEDICAL BUILDING
- $2,365,000 Change: +29% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,730,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1527
- Latitude
- 26.3738
- 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
$44,757
$915,750
$803,046
$1,718,796
-
$915,750
$803,046
$1,718,796
