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    Brett Preston, El Paso, TX

    License ID: 20383
    Preston Industrial Real Estate
    Association
    Greater El Paso Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (915) 893-8888
    Office Address:
    5 Butterfield Trail Suite B, El Paso, TX, 79906

    Performance

    Listings
    13

    Listings

    For Sale (7)

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    • Contact for pricing

      Event Center and Warehouse

      Event center and warehouse space for sale in El Paso.
      4430 Titanic Ave, El Paso, TX 79904
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    • Contact for pricing

      Prime Commercial Land Available

      Ready to develop lot with high visibility on traffic corridor.
      Artcraft Rd, El Paso, TX 79932
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    • Contact for pricing
      203,499 SF

      El Paso Warehouse and Office

      203,499 SF warehouse with office space for sale.
      12100 Esther Lama Dr, El Paso, TX 79936
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    • Contact for pricing
      4,868,265 SF

      108+ Acre Industrial Site

      Large industrial site with multiple buildings and heavy industrial zoning.
      1000 Brickland Rd, Sunland Park, NM 88063
      View Details
    • Contact for pricing

      Retail Space on Historic Route 66

      Retail space in Opportunity Zone near Mesalands Community College.
      202 E Tucumcari Blvd, Tucumcari, NM 88401
      View Details
    • Contact for pricing
      101,292 SF

      Abilene Industrial Flex Space

      101,292 SF flex space on 11.46 acres for sale.
      5517 N 1St St, Abilene, TX 79603
      View Details
    • Contact for pricing
      21,740 SF

      El Paso Commercial Building For Sale

      21,740 SF commercial building on 1.01 AC for sale.
      4045 N Mesa St, El Paso, TX 79902
      View Details

    For Lease (6)

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    • Contact for pricing

      Office Space with Plug & Play

      3,713 SF office space with 42 workstations available for rent.
      1414 Ability Dr, El Paso, TX 79936
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    • Contact for pricing

      El Paso Professional Office Space

      Well-maintained office building with easy access to amenities and transportation.
      6060 Surety Dr, El Paso, TX 79905
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    • Contact for pricing

      Commercial Land For Lease

      5 AC commercial land available for long-term ground lease.
      9600 Pan American Dr, El Paso, TX 79927
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    • Contact for pricing

      El Paso Warehouse and Office

      203,499 SF warehouse with office space for lease.
      12100 Esther Lama Dr, El Paso, TX 79936
      View Details
    • Contact for pricing

      Land For Rent

      Single tenant land available for rent, 15 acres.
      181 Industrial Ave, Santa Teresa, NM 88044
      View Details
    • Contact for pricing

      Office Suites Available for Lease

      Multiple office suites for lease with flexible terms.
      7717 Lockheed Dr, El Paso, TX 79925
      View Details

    Leases and Sales on Map

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    Brett Preston, El Paso, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Brett Preston, El Paso, TX
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