10651 Loop DrSocorro, TX 79927

Property Details for 10651 Loop Dr

Year built

2003

Lot size

1.68 AC

Property size (Sq ft)

16,487 SF

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

S533-000-0030-1430

APU

S53300000301430

Description

This exceptional 16,487 square foot shopping center in Socorro, Texas, presents a compelling investment opportunity. Located at 10651 N Loop Dr, 79927, this multi-tenant property boasts 100% occupancy across its five units, generating a strong 6.00% cap rate at the current rent. The property sits on a sizable 1.68-acre lot and is offered at an asking price of $2,750,000. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified buyers. Long-term, stable tenants contribute to the consistent cash flow, making this a low-risk, high-reward investment. The property is exceptionally well-maintained and benefits from a very high traffic count, ensuring continued strong performance. Detailed financial information, including a rent roll, is available upon request. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Texas location. Don't miss out on this exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,862,040

  6.5%

  $1,718,800

  7%

  $1,596,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,853,170

  Geo Method

  $2,853,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,343,940

  Mixed-Use / Specialty

  $1,715,870

  Hospitality / Lodging

  $1,263,030

  Office

  $1,708,990

  Institutional / Educational

  $1,784,950

  Residential Income

  $2,088,390

  Multifamily

  $2,487,020

  Automotive / Energy

  $1,529,960

  Parking / Income-Based Land

  $524,818

  Restaurant / Food Service

  $899,242

  Healthcare / Senior Housing

  $1,756,320

Location Insight

City

Socorro

County

El Paso

State

Texas

Latitude

31.6555

Longitude

-106.27

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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