9895 Alameda AveEl Paso, TX 79927

Property Details for 9895 Alameda Ave

Year built

2013

Construction

WOOD

Lot size

2.70 AC

Property size (Sq ft)

20,400 SF

Property type

Commercial real estate

APN

S533-000-0060-14A2

APU

S533000006014A2

Description

This exceptional retail investment opportunity presents two single-story buildings totaling 20,400 square feet, situated at 9895 Alameda Ave, Socorro, TX 79927, conveniently located near the intersection of Alameda Ave and Nevarez Rd. Built in 2014, this strip center offers multiple tenancy options with spaces ranging from 1,000 to 3,000 square feet, currently featuring three available units. The property boasts a desirable location, less than one mile east of Americas Ave and strategically positioned between two Walmart stores, ensuring high visibility and foot traffic. Building amenities include energy-efficient Trane HVAC systems, fire sprinkler systems, attractive wood flooring, and exterior LED lighting, contributing to both operational efficiency and aesthetic appeal. The property is zoned COMMERCIAL, providing flexibility for a variety of retail uses. With its modern construction, prime location, and attractive features, this property represents a strong investment opportunity in a thriving El Paso market. The buildings are single-story, with no elevators. This is a multi-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,290,820

  6.5%

  $2,114,600

  7%

  $1,963,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,394,560

  Geo Method

  $3,394,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,137,590

  Retail / Commercial

  $2,126,740

  Mixed-Use / Specialty

  $2,123,110

  Hospitality / Lodging

  $1,562,790

  Office

  $2,114,600

  Institutional / Educational

  $2,208,590

  Residential Income

  $2,584,050

  Multifamily

  $3,077,290

  Automotive / Energy

  $1,893,070

  Parking / Income-Based Land

  $649,378

  Restaurant / Food Service

  $1,112,670

  Healthcare / Senior Housing

  $2,173,160

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6665

Longitude

-106.3

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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