15381 Gateway BlvdSocorro, TX 79928

Property Details for 15381 Gateway Blvd

Lot size

8.88 AC

Property type

Commercial real estate

APN

X298-000-0000-0030

APU

X29800000000030

Description

This exceptional 9-acre industrial land parcel in Socorro, Texas, boasts 209 feet of high-visibility frontage on Interstate 10, offering unparalleled exposure for businesses. Located in East El Paso's burgeoning industrial hub between Horizon Blvd and Darrington Rd, this strategically positioned property provides maximum depth of 2,090 feet. The lot is fully fenced and rough-graded, ready for immediate development. Its location outside Socorro and El Paso city limits allows for flexible uses without zoning restrictions. The property's significant size and prime location make it ideal for a variety of industrial uses. 2024 property taxes are $5,664.90. This is a rare opportunity to acquire a substantial, readily-developable site with exceptional Interstate visibility in a rapidly growing area. The property's accessibility and prominent location make it an attractive investment for businesses seeking high visibility and convenient access to major transportation routes. This is a turnkey opportunity for immediate development or long-term investment.

• CAP approach

  CAP return

  Valuation

  6%

  $43,437,200

  6.5%

  $40,095,900

  7%

  $37,231,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,365,700

  Geo Method

  $64,365,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $78,454,600

  Retail / Commercial

  $40,326,100

  Mixed-Use / Specialty

  $40,257,100

  Hospitality / Lodging

  $29,632,800

  Office

  $40,095,900

  Institutional / Educational

  $41,877,900

  Residential Income

  $48,997,200

  Multifamily

  $58,349,800

  Automotive / Energy

  $35,895,400

  Parking / Income-Based Land

  $12,313,100

  Restaurant / Food Service

  $21,097,700

  Healthcare / Senior Housing

  $41,206,200

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.638

Longitude

-106.218

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].