505 Owassa RdEdinburg, TX 78539

Property Details for 505 Owassa Rd

Year built

2013

Lot size

1.49 AC

Property size (Sq ft)

14,386 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

O8050-00-000-0001-05

APU

O805000000000105

Description

This exceptional Class A office building, constructed in 2013, offers 14,386 square feet of versatile space in the Owassa Lake Business Park. Located at 505 W Owassa Rd, Edinburg, TX 78539, this single-story building sits on a 1.4-acre lot and features two suites, each offering a minimum of 7,193 square feet. Currently, 7,193 square feet is available for lease. The property's flexible design caters to a variety of uses, including traditional office, medical office, and coworking spaces. Its convenient location near Owassa Road and Highway 281 ensures easy access for employees and clients. The tranquil setting, enhanced by a nearby six-acre pond, offers a unique and peaceful work environment. The property is zoned commercial (APN: 08050-00-000-001-05) and presents a significant opportunity for businesses seeking a modern, adaptable workspace in a desirable location. The building's single-story design and ample parking provide convenient access for all occupants. This is an ideal opportunity for a business seeking a high-quality, well-located office space in a thriving Texas community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,932,449

  6.5%

  $1,783,799

  7%

  $1,656,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,426,602

  Geo Method

  $3,759,932

• Alternative Use

  Use

  Valuation

  Residential

  $2,262,824

  Hospitality

  $2,072,735

  Educational

  $1,724,491

  Medical

  $1,783,799

  Retail

  $2,682,542

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.2507

Longitude

-98.179

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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