101 Owassa RdEdinburg, TX 78542

Property Details for 101 Owassa Rd

Year built

2007

Lot size

1.05 AC

Property size (Sq ft)

600 SF

Property type

Office buildings

APN

K2400-00-000-0068-02

APU

K240000000006802

Description

This exceptional Edinburg, Texas business and building presents a lucrative investment opportunity. Located on a 1.55-acre lot at 101 E Owassa Rd, 78542, this property boasts 3,100 square feet of space in a General Commercial zoned area. The single-story building enjoys 100% occupancy and generates a substantial Net Operating Income (NOI) of $281,216, resulting in a compelling 9.87% cap rate. The asking price is $2,850,000, translating to $919.35 per square foot. This prime location benefits from high visibility and significant traffic volume, situated on a hard corner with over 78,000 vehicles per day on the 281/I-69 corridor and an additional 17,000+ vehicles per day on Owassa/Dove. All inventory and equipment are included in the sale. Financial statements are available upon request. The owner may consider selling the real estate separately. Please note that the legal property description excludes additional land acquired from TxDOT. Owner financing is available. This is a rare opportunity to acquire a thriving business with exceptional location and strong financial performance in the Rio Grande Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $82,452

  6.5%

  $76,110

  7%

  $70,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,739

  Geo Method

  $136,362

• Alternative Use

  Use

  Valuation

  Residential

  $94,376

  Hospitality

  $86,448

  Educational

  $71,924

  Medical

  $74,397

  Retail

  $111,881

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.2481

Longitude

-98.1738

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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